The Complete Audit Workshop

Registering for CPD Fest 2021 couldn’t be more straightforward. We have three packages for you to choose from – 8 hours, 16 hours and 24 hours of CPD – allowing you to customize the event to your own specific needs.  Once purchased, pick ‘n’ mix the topics of most interest and relevance to you from any of the sessions running across the week of CPD Fest 2021.

CPD Fest Packages:

8 Hours

Any 8 CPD Fest Sessions

€250

16 Hours

Any 16 CPD Fest Sessions

€450

24 Hours

Any 24 CPD Fest Sessions

€625

The 12 Gifts Of CPD Fest

Over the coming weeks we are going to give you advance access to hugely valuable extracts from the note packs The CPD Fest & The Essential Advisors’ Mix.

With The 12 Gifts of CPD Fest you will get guides, financial statements, checklists, tools, tax papers, letters of engagement and reports all the way up to and including the kitchen sink!

 Registration for The 12 Gifts Of CPD Fest is free, quick and straight forward and you can do so here:

Event Details:

Session 1: Audit Overview and Revisions to the Standards & Acceptance, Continuance and Ethics

Time: 09:00 – 10:40
Speaker: Colm Owens – OmniPro Practice Support 

Colm Owens of OmniPro Practice Support will be covering the following topics:

Part 1: Audit Overview and Revisions to the Standards;  

Part 2: Acceptance, Continuance and Ethics: 

  • ISA 200 – Overall Objectives of the Independent Auditor & the Conduct of an Audit; 
  • ISA 220 – Quality Control for an Audit; 
  • Ethical Standard for Auditors;  
  • ISQC1 – Quality Control for Firms that Perform Audits;  
  • ISA 210 – Agreeing the Terms of an Audit Engagement. 

Session 2: Audit Planning & Risk Assessment and Responses

Time: 11:00 – 12:40 
Speaker: Colm Owens – OmniPro Practice Support   

Part 3: Audit Planning;  

  • ISA 300 – Planning an Audit;  
  • ISA 260 – Communication with TCWG; 
  • ISA 250A – Consideration of Laws and Regulations in an Audit;  
  • ISA 320 – Materiality in Planning and Performing an Audit; 
  • ISA 530 – Audit Sampling. 

Part 4: Risk Assessment and Responses;  

  • ISA 240 – Auditors’ Responsibilities Relating to Fraud in an Audit; 
  • ISA 315 – Identifying and Assessing the Risks of Material Misstatements.   
  • ISA 265 – Communicating Deficiencies in Internal Control to TCWG;  
  • ISA 330 – Auditors’ Responses to Assessed Risks.  

Session 3: Audit Evidence & Execution and Other Key Standards and Areas

Time: 13:40 – 15:20  
Speaker: Colm Owens – OmniPro Practice Support  

Part 5:  Audit Evidence & Execution;  

  • ISA 230 – Audit Documentation; 
  • ISA 500 – Audit Evidence; 
  • ISA 402 – Audit Consideration Relating to an Entity Using a Service Organisation; 
  • ISA 450 – Evaluation of Misstatements Identified During the Audit; 
  • ISA 501 – Audit Evidence – Specific Consideration for Selected Items; 
  • ISA 505 – External Confirmations; 
  • ISA 510 – Initial Audit Engagements – Opening Balances; 
  • ISA 520 – Analytical Procedures;  
  • ISA 540 – Auditing Accounting Estimates; 
  • ISA 550 – Related Parties. 

Part 6: Other Key Standards and Areas;  

  • ISA 560 – Subsequent Events; 
  • ISA 580 – Written Representations; 
  • ISA 600 – Audits of Group Financial Statements (incl. the WORK of Component Auditors)  
  • ISA 610 – Using the Work of Internal Auditors; 
  • ISA 620 – Using the Work of an Auditor’s Expert 

Session 4: Going Concern and Audit Opinions & Practical Opinion Forming & Review of Live Audit Reports

Time: 15:40 – 17:20   
Speaker: Colm Owens – OmniPro Practice Support

Part 7: Going Concern and Audit Opinions; 

  • ISA 700 – The Unqualified Audit Opinion 
  • ISA 570 – Material Uncertainty Due to Going Concern 
  • ISA 706 – Emphasis of Matter Paragraphs & Other Matter Paragraphs & First Time Audits 
  • ISA 705 – Modified Opinions; Limitation of Scope, Adverse & Disclaimers of Opinion 
  • ISA 701 – Key Audit Matters; 
  • ISA 710 – Comparative information 
  • ISA 720 – Auditors Responsibility for Other Information. 

Part 8: Practical Opinion Forming & Review of Live Audit Reports. 

  • Live Audit Opinion Review 

The notes pack will consist of detailed slides and supporting material for each component section of the workshop 

CPD Course Facilitators

Colm Owens - OmniPro Practice Support

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.

Having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland Colm has a unique insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.

Our Partners

CPD Fest 2021 is brought to you in association with exceptional event partners, each of whom we know, trust and recommend.

For this event, our partners have put together some additional goodies which we will share with you once registered.