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While the current suite of International Standards on Auditing has been with us for some time now, there are new standards and amendments being rolled out on an ongoing basis.  Auditors need to keep up to date with the fundamentals along with the changes introduced.  The ongoing flood of challenges facing auditors never seems to end. Covid-19 is still very much with us, now we have to contend with Brexit and the global economic uncertainty. Financial Reporting disclosures, asset valuations, and going concern are definitely back on the agenda with a bang for 2021. It is essential that auditors now focus on optimising their processes and procedures to ensure profitable implementation of the new standards.

Having helped hundreds of firms navigate the auditing and ethical standards over the years the OmniPro technical team is uniquely positioned to identify the enduring problem areas and provide solutions to the most common challenges faced by practitioners. This workshop looks at the theory of the standards blended together with the practical challenges and the requirements to comply with the monitoring expectations of the Institutes.

This workshop will focus on the practical implementation of the new auditing and associated ethical standards – from communications, planning, and procedures right through to execution, reporting, and opinion forming.

In this webinar Colm Owens will cover the following areas:

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