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• M24024 -The different types of reports and opinions issued by the auditor (Online)

  • When
    28 May 2024
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:30 - 16:45  including a 15-minute break
  Speaker: Mr Neil Manisalco
  Venue:   Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  *Group bookings for 3 or more participants available.

  BACKGROUND INFORMATION

  Auditors issue various types of reports and opinions based on their assessments which play a pivotal role in informing stakeholders with the outcome of the work carried out by the auditor. In issuing such reports it is paramount that the auditor carries out the right judgements based on auditing standards and that the auditor’s opinion is presented in the correct format.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • The types of reports issued by the auditor under different standards;

  • The content and format of the audit report issued for financial statements in accordance with ISA 700;

  • The different types of audit opinions contemplated by ISA 705;

  • Other considerations that should be taken by auditors as required by ISAs 706, 710 and 720.

  WHY IS THE SESSION OF RELEVANCE TO OUR MEMBERS?

  Members should attend to enhance their understanding on the thought process required by various auditing standards in the issuance of different types of audit reports.

  Target Audience

  The session is specifically targeted to auditors and students, especially those who are pursuing or intend to pursue a career in auditing.

  Speaker's Profile

  Neil Maniscalco is a Certified Public Accountant and Registered Auditor. He is a Director within the Audit and Assurance function at DFK Malta and in the past has held different positions within the audit department of one of the Big Four. Neil has practical knowledge and experience in auditing companies in various industries including manufacturing, retail, hospitality, property and IT. Neil also sits on the MIA audit committee.

  EVeNT CPE COMPETENCies

  
  

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

  Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

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• M24052 - The VAT considerations during a Statutory Audit- Why should it matter? (Online)

  • When
    18 Jun 2024
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:30 - 16:45  including a 15-minute break
  Speaker: Mr Kenneth Cremona
  Venue:   Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  *Group bookings for 3 or more participants available.

  BACKGROUND INFORMATION

  In this course we delve into the critical considerations surrounding Value Added Tax (VAT) during a statutory audit. We begin by exploring the concept of materiality within the VAT context, evaluating its relevance and impact on audit procedures. Addressing the expectations gap between clients' perceptions and the realities of audit work, we highlight strategies for effectively managing client expectations. Emphasis is placed on the importance of clear presentations and accurate disclosures regarding VAT in financial statements, alongside common challenges and best practices. Additionally, we examine other vital considerations such as cross-border transactions, regulatory changes, and emerging trends, offering insights and solutions through case studies and examples. Ultimately, this presentation aims to equip auditors with the knowledge necessary for dealing with complexities of VAT during a statutory audit.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSIOn

  I. Introduction

  A. An overview of VAT 

  B. Importance of VAT considerations during a statutory audit

  
  

  II. Materiality in a VAT Context

  A. Definition of materiality 

  B. Application & factors influencing materiality in auditing VAT

  
  

  III. Expectations Gap

  A. Definition of expectations gap
  B. Clients' expectations regarding VAT audit
  C. Reality of audit work in the context of VAT
  D. Strategies for managing expectations effectively

  
  IV. Presentations and Disclosures

  A. Importance of clear and accurate presentations

  B. Key disclosures related to VAT in financial statements

  C. Common challenges in presenting and disclosing VAT-related information

  D. Best practices for ensuring compliance and transparency

  V. Other Considerations

  A. Cross-border transactions and implications for VAT audit

  B. Impact of changes in VAT regulations on audit procedures

  C. Emerging trends and technologies in VAT auditing

  D. Case studies or examples illustrating VAT audit challenges and solutions

  VI. Conclusion
  A. Recap of key points discussed
  B. Importance of VAT considerations for a successful statutory audit
  C. Encouragement for further discussion and questions

  Speaker's Profile

  Kenneth Cremona graduated with a Master in Accountancy from the University of Malta in 2015. Kenneth joined RSM Malta in 2016, initially working on Income Tax Compliance dealing with clients established in multiple industries including Gaming, Immovable Property, Investments, Pharmaceuticals and Retail. In 2019, he specialised in VAT advisory and was promoted to a Manager in 2022. Kenneth is also a CPA warrant holder and received the Professional Certificate in Taxation issued by the Malta Institute of Taxation in 2017.

  EVeNT CPE COMPETENCies

  
  

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

  Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

  Show details