Audit and assurance
This series will give you a practical overview of some of the other assurance options open to you. It will help you serve your clients better and profit from the wider variety of offerings clients are looking for.
The demand for assurance options that cover more than the basic audit of annual financial statements is increasing. New standards have been issued to help assurance practitioners meet this demand. This series will give you a practical overview of some of the other assurance options open to you. It will help you serve your clients better and profit from the wider variety of offerings clients are looking for.
Session 1: Overview of Non-Audit Assurance Options
Assurance practitioners have a lot of options to offer clients other than just a financial statement audit. This first session will run over the current environment, key changes and provide an overview of the various assurance options at your disposal.
Session 2: Deep Dive into Review Engagements (ISRE 2400/2410)
A practical look at the requirements of the Review Engagements Standards – how to apply them, use them efficiently and ensure you don’t just do the same as you would with an annual financial statement audit.
Session 3: Deep Dive into Engagements that offer assurance over anything other than historical financial information (ISAE 3000)
In a post truth world how do you know what information you can rely on? The definition of Assurance is providing a declaration of confidence in something. This Standard gives practitioners a framework to give third parties much needed confidence in other information - beyond just the usual historic financial statements.
Session 4: Deep Dive Auditing and Reviewing Statements of Service Performance (SSP’s)
Auditing SSP’s is a new area for many practitioners and a key focus area of CAANZ’s assurance quality review program. This session will help you audit SSP’s effectively and efficiently and tell you what Institute reviewers are looking for.
Upon satisfactory completion of this webinar series you will be able to:
- Part 1
- Identify different assurance options and analyse their suitability for individual client engagements
- Provide advice to your clients which illustrate options that best suit their circumstances
- Differentiate between an audit and a review
- Efficiently apply the review standard
- Compose a list of practical example review tests at your fingertips
- Describe the ISAE 3000 suit of standards and how to practically apply the correct standard
- Develop the confidence to conduct other assurance engagements
- Summarise the basic audit and review requirements of an SSP
- Efficiently conduct an SSP audit or review
- Compose your testing in a way that meets the standards
Wider knowledge of assurance standards and the ability to offer a wider range of services to your clients.
Henry McClintock has over 14 years of experience spent providing assurance services to a wide range of commercial, not-for profit and public sector organisations. He is a regular audit presenter for CAANZ, has presented at a number of conferences and has co-presented alongside the charities team at the Department for Internal Affairs.
Topic: Audit & Assurance
Sub-Topic: Other Assurance Engagements
Format: Recorded Webinar
Proficiency Level: Intermediate
CPD: 4 hours