Over the years, the authorities have continued to monitor, review and refine its strategies in light of the developments and circumstances that affect its surveillance programmes and consider improvements and enhancement as appropriate.
In 2016/2017, MIA revised its Practice Review Framework so as to expedite the process of instituting remedial actions and enable tougher sanctions against recalcitrant practitioners. One of the most common Practice Review Findings, as highlighted in the Annual Reports is insufficient and inappropriate documentation on Audit Evidence. ISA 230, deals with the auditor’s responsibility to prepare audit documentation for an audit of financial statements. There are also specific audit documentation requirements in other ISAs.
**TAKE NOTE THIS EVENT WILL HAVE A TOTAL OF 3 DATES. 13-SEPT, 05-OCT, 18-OCT.