Events

Latest Events

APPLYING ISA 600 (Revised 2023) – AUDIT OF GROUP FINANCIAL STATEMENTS

One of the standards that saw significant changes when the Clarified Standards were issued is ISA 600 on the auditor’s responsibility for group financial statements...

ACCOUNTING & AUDITING OF CONSTRUCTION CONTRACTS & PROPERTY DEVELOPMENT ACTIVITIES UNDER MPERS, INCLUDING KEY SHORTCOMINGS FROM PRACTICE REVIEW

Aside from the manufacturing sector, the key industries in Malaysia consist of construction, and property development activities. As these are specialised industries, the...

Applying & Reporting Modified Audit Opinions (ISA 705 Revised & 706 Revised), Performing Compilation Engagements (ISRS 4410 Revised) and Agreed Upon Procedured (ISRS 4400 Revised)

Auditors perform various types of engagements with varying performance requirements and reporting responsibilities. While some engagements provide assurance, some do not...

Audit of Accounting Estimates (Including Impairment & Provisions), Fraud & Error and Audit Opinions

Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task...

Audit Quality and Documentation

ISA 220 (Revised) was revised to strengthen and modernise an audit firm’s approach to carrying out quality audits. It sets out the specific responsibilities of the...

Understanding Internal Controls and Test of Control

The objective of the auditor is to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement, through appropriately responding to...

Audit of Specialised Industries – Construction & Property Development

Aside from the manufacturing sector, the key industries in Malaysia consist of construction, and property development activities. As these are specialised industries, the...

Audit of Group Financial Statements – ISA 600 (Revised & Redrafted)

One of the standards that saw significant changes when the Clarified Standards were issued is ISA 600 on the auditor’s responsibility for group financial statements...

Audit of Related Parties, Going Concern, Subsequent Events and Completion Procedures

Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task...

Audit of Assets-PPE, Inventories, Investment Properties, Investments, Receivables & Impairment of Assets

Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task...

Performing Test of Controls, Substantive Procedures, Including Sampling Approach and Analytical Procedures

Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task...

Implementing the International Standard of Quality Management (ISQM) 1 – Emphasis on Monitoring & Evaluation

ISQM 1 (together with ISA 220 (revised) and ISQM 2) strengthen and modernise an audit firm’s approach to quality management by addressing an evolving and increasingly...

PLANNING & RISK ASSESSMENT IN AUDITS OF FINANCIAL STATEMENTS

The corner stone of an efficient and effective audit is the planning stage, which unfortunately have been overlooked by public practitioners over the years. This had...

ISRS 4400 (Revised) AGREED – UPON PROCEDURES ENGAGEMENTS

Agreed-upon procedures (AUP) engagements are widely used. The demand for AUP engagements continues to grow, particularly in relation to the need for increased...

PERFORMING AN ISA AUDIT – MODULE 6 (ISA 700, ISA 705 & ISA 706)

Developing an effective and efficient audit approach which is responsive to audit risks requires planning and selecting audit procedures which provide an appropriate...

PERFORMING AN ISA AUDIT – MODULE 5 (ISA 450, ISA 560, ISA 570 & ISA 580)

Developing an effective and efficient audit approach which is responsive to audit risks requires planning and selecting audit procedures which provide an appropriate...

PERFORMING AN ISA AUDIT – MODULE 4 (ISA 500, ISA 530 & ISA 320)

Developing an effective and efficient audit approach which is responsive to audit risks requires planning and selecting audit procedures which provide an appropriate...

PERFORMING AN ISA AUDIT – MODULE 3 (ISA 330)

Developing an effective and efficient audit approach which is responsive to audit risks requires planning and selecting audit procedures which provide an appropriate...

PERFORMING AN ISA AUDIT – MODULE 2 (ISA 300 & ISA 315)

Developing an effective and efficient audit approach which is responsive to audit risks requires planning and selecting audit procedures which provide an appropriate...

PERFORMING AN ISA AUDIT – MODULE 1 (ISA 200, ISA 210, ISA 500)

Developing an effective and efficient audit approach which is responsive to audit risks requires planning and selecting audit procedures which provide an appropriate...

AUDIT COMPLETION PROCEDURES

With the economy in distress due to the COVID-19 pandemic and global instability, one of the most challenging tasks for Auditors in financial reporting is the Audit...

DETERMINING MATERIALITY IN AUDIT

Materiality is fundamental to an audit and is applied in planning and performing audits, as well as evaluating the effect of misstatements on the accounts...

AUDIT EVIDENCE AND SAMPLING

Auditors shall design and perform audit procedures in such a way as to enable the auditor to obtain sufficient appropriate audit evidence to be able to draw reasonable...

AUDIT OF GROUP FINANCIAL STATEMENTS ISA 600 (Revised & Redrafted)

One of the standard that saw significant changes when the Clarified Standards were issued is ISA 600 on the auditor’s responsibility for group financial statements...

AUDIT COMPLETION GOING CONCERN, SUBSEQUENT EVENTS AND AUDIT OPINIONS

Professional and technical competency is one of the corner stone of the audit profession As adequate job knowledge is vital for any audit staff to perform their task...

AUDIT OF INCOME STATEMENT ITEMS, LIABILITIES AND RELATED PARTIES

Professional and technical competency is one of the corner stone of the audit profession As adequate job knowledge is vital for any audit staff to perform their task...

AUDIT OF ASSETS – PPE, INVENTORIES, INVESTMENT PROPERTIES, INVESTMENTS, RECEIVABLES & IMPAIRMENT OF ASSETS

Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task...

AUDIT FUNDAMENTALS – CONTROL TESTING, SUBSTANTIVE PROCUEDURES, ANALYTICAL PROCEDURES, AUDIT EVIDENCE & STOCK TAKE OBSERVATIONS AND AUDIT DOCUMENTATION

Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task...

PLANNING & RISK ASSESSMENT IN AUDITS OF FINANCIAL STATEMENTS

The corner stone of an efficient and effective audit is the planning stage, which unfortunately have been overlooked by public practitioners over the years. This had...

CONSIDERATIONS OF SPECIFIC ITEMS IN AN AUDIT (ISA 501), EXTERNAL CONFIRMATIONS (ISA 505) AND INITIAL AUDIT ENGAGEMENTS (ISA 510)

Professional and technical competency is one of the corner stone of the audit profession. As adequate job knowledge is vital for any audit staff to perform their task...

MODIFIED AUDIT OPINION VS MODIFIED AUDIT

The Auditor’s Report is the auditor’s primary means of communication with an entity’s stakeholders as such, it has to be meaningful and...

UNDERSTANDING & IMPLEMENTING THE INTERNATIONAL STANDARD OF QUALITY MANAGEMENT (ISQM) 1 FOR SMALL & MEDIUM PRACTICES

The deadline for the design and implementation of a firm’s system of quality management (SQM) under ISQM 1 of 15 December 2022 is fast approaching. ISQM 1 (together with...

IMPLEMENTING ISQM 1 & ISA 220(R)

The Quality Control Standard, ISQC 1 has been implemented since 2006 for firms that perform Audits and Reviews of Financial Statements and Other Assurance and Related...

AUDIT DOCUMENTATION TO MEET PR EXPECTATIONS

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...

TAX COMPLIANCE AND TAX PLANNING WORKSHOP FOR PROFESSIONALS

Inland Revenue Board (IRB) has increased its efforts to increase revenue and to make taxpayers more compliant and therefore have been issuing notices and assessments...

ISQM1 – THE PROCESSES (FRAP & MRP)

With a view to bringing a modern and holistic approach to quality, ISQM 1 requires the firm to perform a Risk Assessment Process to identify and...

UNDERSTANDING AND AUDIT OF ACCOUNTING ESTIMATES & IMPAIRMENT

The financial reporting framework for small and medium enterprises (SMEs) over the past few years have seen more frequent use of estimations used in measurement &...

TEST OF CONTROL VERSUS SUBSTANTIVE PROCEDURES

The objective of the auditor is to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement, through appropriately responding...

COMPLETION PROCEDURES IN AN AUDIT OF FINANCIAL STATEMENTS

Auditors play a crucial role during the audit finalization and completion stage to ensure that all key matters and procedures are properly addressed and...

USING ANALYTICAL PROCEDURES IN AUDIT

Analytical Procedures have been part of the audit process for decades, but many auditors fail to understand their objectives or how these procedures should be properly...

AUDIT OF ASSETS

The audit of assets is a critical area in the audit of financial statements as it involves key resources of a business. As such, auditors have to ensure that audit...

AUDITORS AND FRAUD

This webinar examines the role of Auditors for detection of Fraud and Errors. It deals with the requirements of ISA 240 and the revised role of auditors in the...