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M24051 - The implications of ISA 315 (Revised) on audits (Online)

  • 31 Jul 2024
  • 09:15 - 12:30
  • Online Webinar

Registration


Register
Registration Time: 09:00
Sessions Time: 09:15 - 12:30  including a 15-minute break
Speakers: Ms Janis  Hyzler & Mr John Debattista
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 revised ISA 315, Identifying and Addressing the risks of material misstatement, became effective in September 2019, bringing with it, among other things, an improved approach to addressing significant risks in audits, as well as much needed attention on risks emanating from the use of IT. While the standard became effective for audits beginning on or after 15 December 2021, challenges with respect to its application are still encountered.
The objective of this course will be to explain the changes emanating from the revised ISA 315 standard as well as assess the factors that remain challenging with respect to its application for firms and sole practitioners to date.

SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  • An overview of the main changes as a result of the revised ISA
  • The identification and assessment of risk, in line with the revised standard, including the identification and assessment of significant risks in audits
  • The 5 inherent risk factors including the spectrum of inherent risk
  • Documentation requirements
  • Practical examples on the application of the revised ISA 315 standard

Why is the session of relevance to our members?

The identification and assessment of risks in an audit of financial statements plays a vital role in ensuring an appropriate audit opinion is provided. While the revisions to ISA 315 provide us with improved guidance and tools for the identification and assessment of risk, failure to understand these revisions could result in an ineffective audit.
    Through participating in this event, the audience will grasp a better understanding of the revisions to ISA 315 along with the implications of such changes. This will enable participants to better identify and assess risks of material misstatements within their audits in order to address such risks accordingly

      Target Audience

      This session is targeted towards qualified and practicing auditors, as well as students working in audit, to enhance their knowledge and understanding on what is expected from them during the planning stages of an audit as a result of the revised ISA 315.

      Speakers' Profiles

      Janis Hyzler is a Certified Public Accountant and Registered Auditor, specializing mainly in audit and accounting.  She became a member of the Malta Institute of Accountants in 2011.
      Janis graduated from the University of Malta with a degree in Bachelor of Commerce in 2008 and a degree in Bachelor of Accountancy (Honours) in 2010.  She spent the first five years working within the audit service line of one of the Big 4 audit firms in Malta, also gaining overseas experience in Italy, Minneapolis, Philadelphia and Sydney, while working on a number of different industries.
      Janis joined Mint Finance in 2018, an accounting and audit firm that merged with Zampa Debattista on 1 January 2022.  She currently heads the technical and quality team at Zampa Debattista.
      John Debattista is a Certified Public Accountant and Registered Auditor. He is a founding partner at Zampa Debattista, heading the Audit and Assurance function as well as the firm’s Corporate Reporting Advisory team. Throughout his career, John has lectured numerous audit and financial reporting modules in the final stages of the ACCA and ACA qualifications for the ICAEW, Institute of Chartered Accountants in England and Wales. He has lectured the ACCA Diploma in IFRS (DipIFR) and has been a guest speaker during audit and financial reporting seminars organised by various institutes in Malta. His areas of specialisation include the financial services industry, the gaming industry, and the hospitality industry. He has worked in Zurich, Bucharest, Vienna, and London on several ad hoc assignments. 

      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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      Tel. +356 2258 1900

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