Registration Time: 09.00
Sessions Time: 09.15 - 10.45 without break
Speaker: Mr Neil Maniscalco
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €20.00
Non-MIA Members: €40.00
Retired Members: €10.00
Students: €15.00

Background Information

The need for a revised ISA on accounting estimates came about due to the ever increasing complexity in businesses environment and financial reporting frameworks together with increased public expectation for the auditor to be more skeptical to judgement areas in the audit. The revisions made to ISA 540 which are effective for periods beginning on or after 15 December 2019 were tailored around these principles and resulted in a more thorough risk assessment process and enhanced documentation for the auditor.

Objectives of the Session

The new ISA 540 changed the objective of the standard “to obtain sufficient appropriate audit evidence about whether accounting estimates and related disclosures in the financial statements…” from adequate to reasonable resulting into a greater expectations from the auditor. The session will provide attendees with an overview of the changes in the work carried out by the auditor as well as on the increased emphasis on the auditor’s exercise of professional skepticism.

Topics on the Agenda

Changes brought about by the new ISA540 in the auditor’s:

- risk assessment process;

- work effort; and

- audit documentation.

Target Audience

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

Speakers 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 COMPETENCES

1.5 Hour Core

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

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