Good planning is the bedrock of a good audit. Every reporting season has its own unique risks and challenges. A prior year’s audit plan can’t simply be rolled-over –risks change constantly according to business and regulatory environments.
To help themselves effectively plan for 30 June, auditors should consider what the standard-setters and regulators say about risks and audit-file inspections. This session brings you up to speed with what the AASB, AUASB, ASIC and many other official bodies think. We will cover our insights from audit-file inspections and technical questions.
The session will:
- Describe how your audit-planning needs to change to incorporate ASIC’s financial-reporting and audit-focus areas
- Revisit s.311 reporting requirements – a new ASIC reminder
- Identify significant audit risks based on financial-reporting and auditing deficiencies identified by ASIC and other regulators, and
- Getting your clients organised for the audit.
