We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Read More




Log in


Upcoming events

    • 7 Jul 2022
    • 09:15 - 12:30
    • Online Webinar
    Register
    Registration Time: 09:00
    Sessions Time: 09:15 - 12:30  including a 15-minute break
    Speaker: Mr Marcel Coppini
    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

    This training module will be looking at the practical application of ISAs 240, 260, 265, 300, 315, 330 and 520 by carefully identifying and assessing the risk of material misstatements in the financial statements being audited. One responds to this risk by planning at the early stages of the audit by determining what audit tools (including the use of data analytics) need to be adopted to mitigate this risk. One will also look at the extent and the timing of these audit procedures.
    The different components of internal control are carefully considered, explaining the importance of assessing the control environment and governance structures within the entity being audited, in order to identify and assess the risks of material misstatement. One will also look at ISA 265 requirements and how deficiencies in Internal Controls, as indeed other key matters arising from the audit, are to be communicated to those charged with governance. Here one will also carefully consider the timing, form and content of such communications, to ensure a better understanding by the intended users of these communication.
    When discussing Fraud, we will look at the various types of fraud, what instigates Fraud, who normally perpetrates fraud, and how it is often uncovered.

    Topics on the agenda

    • Reporting to those charged with governance
    • Importance of assessing the control environment and governance structures within the entity being audited
    • How to respond to the risk of material misstatements in the financial statements being audited


    Why is the session of relevance to our members?

    One obtains a better understanding of the changes brought about by more stringent Audit Regulation across Europe since the 2008 financial crisis, along with other reinforced regulatory and reporting frameworks announced by the IAASB. It also creates the awareness of the ongoing need to raise the bar to audit quality. Accountants in business will better understand the need for the auditee company to react to comments, observations and recommendations made by the external auditor in such communications.

    Target Audience

    This training session is primarily targeted for sole practitioners and other medium sized audit practices. The subject matter is also of interest to those whose focus is in other specialised areas, such as internal audit and risk management, and all those who have audit quality at heart.

      Speaker's Profile

      Marcel Coppini FCCA, FIA, CPA
      Mr Coppini had a diversified & fulfilling career in the audit and accountancy profession
      both locally and abroad. His career spans over a 45 year period, starting his career with
      one of the Big 4 firms in 1975, moving on to top executive positions in industry in 1992
      and then back to audit, as an Audit Regulator in 2005.
      In 2005, he spearheaded the setting up of the audit Quality Assurance process in Malta.
      He headed the Quality Assurance Unit for eleven years, during which time, he was also a
      member of the European Audit Inspection Group (EAIG) and also attended plenary
      meetings of the International Forum of Independent Auditors (IFIAR) between 2008 and
      2014. Besides sitting on a number of committees of the MIA for a number of years Mr
      Coppini penned a number of articles in this area for publication in local and foreign
      professional journals. He addressed a number of Audit Quality Assurance workshops in
      Malta and abroad. He was also a member of the International Assembly of the
      Association of Chartered & Certified Accountants (ACCA) UK between 2011 and 2017.
      He is now semi-retired and practises as a freelance Audit Quality , Corporate Governance,
      Ethics, and Risk management consultant focusing on the strategic, corporate governance
      and quality control needs of small and medium sized entities and audit practices.

      EVENT CPE COMPETENCES


      3 Hours 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
      • 19 Jul 2022
      • 09:15 - 12:30
      • Online Webinar
      Register
      Registration Time: 09:00
      Sessions Time: 09:15 - 12:30  including a 15-minute break
      Speaker: Ms Ingrid Azzopardi
      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

      Having an internal control system that is operating effectively and efficiently is important to help businesses achieve their objectives while responding appropriately to risks. The various facets to having a robust internal control system in place falls within the responsibility of different positions within an organisation.

      Topics on the agenda

      • An overview of COSO
      • An overview of the three lines of defence
      • Why are controls important?
      • Different types of controls to address different risk categories, focusing on errors and fraud

      Why is the session of relevance to our members?

      This session highlights the importance of having a robust internal control system in place, together with the different roles and responsibilities of the different parties within an organisation with respect to the internal control system.

      Target Audience

      Accountants, Internal Auditors and Management

      SPEAKER'S PROFILE

      Ms. Ingrid Azzopardi is the Group Internal Auditor at GO plc, a position she has held since November 2000. She is also responsible for fraud prevention and detection, facilitates risk management and leads GO’s sustainability project.
      She is a Non-Executive Director at HSBC (Malta) where she chairs the Bank’s Audit Committee and is a member of the Bank’s Risk Committee. She is a former Director of HSBC Life Assurance (Malta) Limited where she chaired the Audit and Risk Committee. She has also sat on the Board of the Housing Authority, Teatru Manoel and the Mediterranean Conference Centre.
      Ms. Azzopardi, a Chartered Director, has a Master in Accountancy and holds the CPA Warrant and the Practising Certificate in Auditing.
      She is a Fellow of the Malta Institute of Accountants and a Member of the Institute of Internal Auditors and the UK Institute of Directors. Ms. Azzopardi is a Member of the Committee of the Malta Forum for Internal Auditors. She is a founding member of the Forum and has held the posts of Vice Chair and Chair of the Committee.
      At an international level Ms. Azzopardi was actively involved on the Executive Committee of the Forum for the Irregular International Network Access (FIINA) and chaired the Interconnect Committee of the Forum. Ms. Azzopardi has represented the GO Group at several conferences held locally and abroad and presented on internal audit, revenue assurance and telecommunications fraud at International Fora.

      EVENT CPE COMPETENCES


      3 Hours 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
      • 20 Sep 2022
      • 09:15 - 12:30
      • Online Webinar
      Register
      Registration Time: 09:00
      Sessions Time: 09:15 - 12:30  including a 15-minute break
      Speaker: Mr John Debattista & Mr Paul Zammit
      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

      ISA 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement, has been revised to include a more robust and consistent risk identification and assessment, a crucial and fundamental part of our planning section. The revised standard sets out clarified and enhanced requirements, and enhanced application material, to support the auditor’s risk assessment process, intended to support more focused responses to the auditor’s risk assessment in accordance with ISA 330, The Auditor’s Responses to Assessed Risks. ISA 315 (Revised 2019) was approved at the September 2019 International Auditing and Assurance Standards Board (IAASB) meeting and is effective for audits of financial statements for periods beginning on or after 15 December 2021.

      Topics on the agenda

      • Risk Assessment Procedures and Related Activities
      • Understanding the Entity and Its Environment and the Entity's System of Internal Control
      • Identifying and Assessing the Risks of Material Misstatement
      • Documentation

      Why is the session of relevance to our members?

      Planning is paramount for auditors. The revisions to ISA 315 and other ISAs will have an impact on our planning procedures. During this session we will delve into those areas which will most likely be impacted by these changes.

      Target Audience

      Qualified and practicing Auditors and students working in audit.

        Speaker's Profile

        John Debattista is a Certified Public Accountant and Registered Auditor. John is one of the founding partners at Zampa Debattista and heads the Audit and Assurance function and the firm’s IFRS Advisory Technical team.
        John lectures the Corporate modules at the final stages of the ACCA and ACA course for the ICAEW, Institute Chartered of Accountants for England and Wales. John is also a speaker in various audit and accounting seminars delivered by a number of institutes in Malta. He also lectures the Diploma in IFRS (DipIFR).
        John sits on a number of MIA committees namely, the audit, financial reporting and SMP committees.

        EVENT CPE COMPETENCES


        3 Hours 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
        • 28 Sep 2022
        • 09:15 - 12:30
        • Online Webinar
        Register
        Registration Time: 09:00
        Sessions Time: 09:15 - 12:30  including a 15-minute break
        Speaker: Mr Renzo Farrugia
        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

        The session will focus on the format of this audit report and in particular the audit considerations that the auditor should undertake to reach his independent audit opinion considering the requirements of ISA 700 (Revised) Forming an Opinion and Reporting on Financial Statements, ISA 705 (Revised) Modifications To The Opinion In The Independent Auditor’s Report, and ISA 706 (Revised), Emphasis Of Matter Paragraphs And Other Matter Paragraphs In The Independent Auditor’s Report. Reference to auditor’s considerations on Material Uncertainty related to Going Concern will also be addressed.

        Topics on the agenda 

        • Format of the audit report
        • Audit considerations for an independent audit opinion - ISA 700 (Revised), ISA 705 (Revised) and ISA 706 (Revised)

        Why Are these sessions of relevance to our members?

        Auditors need to have a clear understanding of the factors that need to be taken into consideration when drawing up the audit report.

        Target Audience

        Auditors

          Speaker's Profile

          Renzo Farrugia is an auditor by profession and an external quality control reviewer as recognised by the Accountancy Board of Malta. He worked with one of the big four audit firms and several Government Entities and since then held various high profile management roles within the public sector.  Renzo is also a visiting lecturer at the University of Malta and a member of the Audit and Assurance Committee of the Malta Institute of Accountants. He graduated from the University of Malta in Accountancy (Hons) and obtained an MBA from Henley Management College (University of Brunel in the United Kingdom)

          EVENT CPE COMPETENCES


          3 Hours 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

                       
        SUBSCRIBE TO OUR MAILING LIST

        Contact Us

        Suite 4, Level 1, Tower Business Centre, Tower Street, Swatar, BKR 4013, Malta 

        E-mail: info@miamalta.org

        Tel. +356 2258 1900

        © MALTA INSTITUTE OF ACCOUNTANTS, 2021                                                                                         Privacy Notice