CPDStore Ireland

While the IAASA International Standards on Auditing (Ireland) have been with us for some time now, there are new standards and amendments being rolled out on an ongoing basis.  Auditors need to keep up to date with the fundamentals along with the changes introduced.   The ongoing flood of challenges facing auditors never seems to end. Between legislation updates and economic uncertainties continue to provide a difficult environment for the profession. Fraud, financial Reporting disclosures, asset valuations and going concern are still on the agenda for 2024. Therefore, now more than ever, it is essential that auditors now focus on optimising their processes and procedures to ensure profitable implementation of the standards.

Having helped hundreds of firms navigate the auditing and ethical standards over the years the OmniPro technical team is uniquely positioned to identify the enduring problem areas and provide solutions to the most common challenges faced by practitioners. This workshop looks at the theory of the standards blended together with the practical challenges and the requirements to comply with the monitoring expectations of the Institutes.

This workshop will focus on the practical implementation of the new auditing and associated ethical standards – from communications, planning and procedures right through to execution, reporting and opinion forming.

Areas covered will include:

Session 7: Going Concern and Opinions;

• ISA 700 - The Unqualified Audit Opinion
• ISA 570 - Material Uncertainty Due to Going Concern
• ISA 706 - Emphasis of Matter Paragraphs & Other Matter Paragraphs & First Time Audits
• ISA 705 – Modified Opinions; Limitation of Scope, Adverse & Disclaimers of Opinion
• ISA 701 - Key Audit Matters;
• ISA 710 – Comparative information
• ISA 720 – Auditors Responsibility for Other Information.

Session 8: Practical Opinion Forming & Review of Live Audit Reports.

• Live Audit Opinion Review

Course Level: Advanced