Course contents

The course is designed for practices that audit trading companies or the regulated sector such as Charities, Small Pensions, LLPs and other regulated clients. The course is an update and draws its contents from:

    Audit developments
  • The problems areas applying the 'Clarity' ISAs
  • New audit legislation
  • Problem areas noted from external file reviews
  • Developments in Audit ethics
  • Impact of FRS 102 on auditing.

The exact contents are set about four weeks before the course date and will be posted here when available

The course for the June 2018 courses will cover:

  • Implications for audit firms of the EU Audit and Accounting Directives
  • ‘True and fair’ - auditing accounts prepared in accordance with FRS 102 Section 1A and FRS 105
  • The new Ethical Standard - what it means in practice
  • The new ISAs:
  • a. Audit reports (ISA 700, 701, 705, 706 & the FRC Bulletin)
  • b. The ‘disclosure project’
  • c. ISA 720 (other information)
  • d. ISA 570 (going concern)
  • Audit materiality – the impact of the new ICAEW paper and the FRC thematic review
  • Key regulator and file review feedback themes
  • Carrillion – key lessons learned for SME auditors
  • Preparing your training plan under IES8
Course type