About the webinar
As we close upon the end of the 2016 financial reporting cycle, it’s vital that auditors stay on top of what’s new and what’s changed. This session will examine the new standards and guidance statements that are applicable for 30 June 2016, as well as provide an overview of coming local and international developments.
- Changes in auditing standards – what is the impact for the auditing profession?
- New guidance statements – GS003, GS009, GS18 and GS22
Lessons from ASIC’s Audit Inspection Program
ASIC has completed its most recent public audit inspection and the results are in. This presentation will cover the key issues raised in the December 2015 report. It covers:
- The key takeaways – what can we learn from the Audit Inspection Report?
- Areas for improvement – where does your attention as an auditing professional need to be focused?
- Going concern assumptions – are they appropriate and sufficient?
- Reviewing journal entries and testing controls and management override
- Ongoing challenges
Who should attend
This webinar is suitable for auditors throughout Australia. This is an update webinar on recent developments in this area.
Keith Reilly, Financial Reporting Consultant and Lecturer, Sydney
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. He is a former member of the Australian Accounting Standards Board’s Urgent Issues Group and a member of the Accounting Professional and Ethical Standards Board’s Code of Ethics Taskforce.