Registration Time: 11:15
Sessions Time: 11:30 - 13:30 (no break)
Speakers: Mr. Renzo Farrugia, Mr. Paul Giglio, Ms. Lucienne Pace Ross, Ms Janis Hyzler & Ms Karen Sultana

Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €28.00
Non-MIA Members: €50.00
Retired Members: €15.00
Students: €20.00

*Group bookings for 3 or more participants available.

Webinar being organised by the MIA Audit and Assurance Committee and MIA SMP Group

BackgrounD information

The current ISQC 1 has served its purpose. It was introduced to consolidate the practice’s policies and procedures in one simple Manual. The new ISQM 1, effective as from 15 December 2022, is expected to move from binary, compliance-based processes to a much more proactive, dynamic, risk-based quality management approach. This standard endeavours to be usable by practices of all sizes and complexities – hence scalability is a key component. The key changes from the current ISQC 1 relate to: -
• A risk-based approach focused on achieving quality objectives
• Modernises standards to address technology, networks, and the use of external service providers
• Increases focus on the continual flow of information and appropriate communication internally and externally
• Proactive monitoring of quality management systems and timely and effective remediation of deficiencies
• Enhances engagement partner’s responsibility for audit engagement leadership and audit quality
• Increases firm leadership responsibilities and accountability, and improves firm governance
• Clarifies and strengthens requirements for a more robust engagement quality review

ISQM 1 forms part of a suite of 3 quality standards.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

International Standard on Quality Management (ISQM 1), Quality Management for Firms that perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements.

Target Audience

Accountants, Auditors, and others providing related services

Speakers' Profiles

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).

Paul Giglio is a Tax and Assurance partner at Mazars Malta and has been working on a number of local and international assignments for over 20 years. Paul is a member of various MIA committees and has been a guest speaker in a number of local and international tax conferences

Lucienne Pace Ross joined PwC in 1997 after obtaining a degree in Accountancy from the University of Malta. She is also a member of the Association of Chartered Certified Accountants (FCCA) and the Malta Institute of Accountants (MIA), and a Certified Public Accountant (CPA). Lucienne was appointed as Asssurance partner at PwC on 1 July 2006.
Lucienne acts as assurance engagement leader on a diverse client portfolio including Groups of companies and other non-Group companies that vary in size and structure. Her client portfolio has led Lucienne to gain experience in the audit of local and foreign-owned companies engaged in various areas of industry and commerce, particularly financial services.
Lucienne is actively involved in audit methodology matters and acts as the quality and risk management partner. She has also participated in seminars to the public on assurance related matters. She is the Chairperson of the MIA Audit and Assurance Committee and a member of the MIA Anti-Money Laundering Committee.

Janis Hyzler joined Zampa Debattista in December 2018 (formerly Mint Finance prior to merger on 1 January 2022) and is an Assurance Manager within the audit team.
She is a qualified accountant and auditor, having graduated from the University of Malta in 2010 after completing her Bachelor of Accountancy (Honours) Degree. She has over 5 years’ experience within the financial services industry, with her career initially kicked off within a Big 4 audit firm. Her work experience involved a number of overseas appointments within the U.S.A and Australia, enabling Janis to expand her knowledge base within the financial services sector. Janis eventually moved on to an accounting role within a corporate service provider, where she managed the accounting for a portfolio of clients from various industries.
She now heads the technical and quality related aspects within the audit function of Zampa Debattista, with particular focus on audit quality and methodology.

Ms Karen Sultana is Head of the Accountancy Board’s Quality Assurance Unit within the Ministry for Finance & Employment.  Since 2006, she has been actively involved in quality assurance. She also assists the Accountancy Board in a number of regulatory matters.  

EVENT CPE COMPETENCES

2 Hours Core

WEBINARS TERMS AND CONDITIONS

Terms and conditions  apply

DISCLAIMER

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