Tuesday 28th April 2015
Duration: approx. 1.5 hours
Post-GFC, there have been yet more reviews of the auditor’s role. The latest international reviews have focused on the audit report itself and the plan is to make the audit report more meaningful by giving users an insight into the significant areas of audit judgment standing behind the audit opinion.
The international standard has been released and is set to be followed by a suite of new Australian standards in 2015. This presentation will explain the new standards and their implications for the preparation of the audit reports.
- The objectives of the new standards: why they are being introduced
- Application to listed entities
- Application to other entities
- Application dates and early adoption
- The concept of key audit matters –
- key risk areas
- approach taken in testing them
- The correct approach to drafting the new report – principles and examples
- Impact of the new reporting on interaction with audit committees
This webinar is suitable for accountants throughout Australia. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge
PRESENTED BY: Keith Reilly, Financial Reporting Consultant & Lecturer, Macquarie University
Keith Reilly is a financial reporting consultant and covers accounting, auditing and ethical standards, as well as governance and regulatory issues. He has some 40 years’ experience in the financial reporting field, most recently (July 2013) being the National Head of Professional Standards at Grant Thornton Australia, and a member of Grant Thornton’s International Public Policy Group, Independence Working Group, and IFRS Committee.
He was previously the technical director and advisor for the Institute of Chartered Accountants in Australia, and has also worked with the Australian Securities Regulator (ASIC), been an advisor to a major institutional Australian stock broking firm, and a former Research Director and Auditor for two Australian Big 4 audit firms.
Keith consults, writes and lectures extensively on financial reporting issues.
Keith is a member of Macquarie University’s Department of Accounting and Corporate Governance’s Advisory Board, a part time lecturer in the Master of Accounting and Corporate Governance program, and in 2013/14 is an Industry Fellow (International Governance and Reporting).
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