5 Things to Consider in Taking on a New Audit Client (Sep 24)
Category: Audit | Duration: 1hr | Tag: VODSEFEIE24D2S6 | Type: Video | Course Level: Advanced | Speaker: Lindsay Webber | Date: 25/09/2024 15:30
Course Details
Taking on a new audit client can be quite a daunting exercise and there are several issues that you need to consider as part of the client onboarding and acceptance process.
In this course we discuss the ethical issues (including independence) that you need to consider in taking on a new audit client. We discuss obtaining professional clearance, what to expect and what to do if you don’t hear back from a previous auditor. As part of the professional clearance process you may view the prior year audit file. We discuss what you should look out for and what you can and cannot do in this stage. We also cover engagement letters and documentation of the client acceptance on the audit file.
Lindsay Webber covers the following topics during this course:
- Ethical issues including independence
- Professional clearance
- Prior year file review
- Engagement letters
- Documentation
CPD Course Speaker
OmniPro
Lindsay Webber
As a member of our Practice Support team, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training, technical assistance, and file reviews.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.