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M22062 - Reporting to those charged with Governance (Online)

  • 7 Jul 2022
  • 09:15 - 12:30
  • Online Webinar

Registration


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

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