R261.05 (VAT Incl.)
Level:
Auditing Professionals
Sub-level:
Auditing
Lecturer:
Tristan David-Crewe White
Duration:
60 Minutes
Additionals:
Certificate
Lesson Outline
Auditors are required to act in the public interest and from time to time, IRBA issues an audit practice rule to achieves this.
IRBA issued a rule called “Enhanced Auditor Reporting” or EAR for short in September of 2023 which affects audits of financial statements of Public Interest Entities (PIEs) in South Africa.
The EAR Rule prescribes information that should be included in the auditor’s report in addition to the requirements of the International Standards on Auditing.
This becomes effective for financial years ENDING on 15 December 2024 or later.
Introduce the IRBA Rule to you by discussing its requirements.
Simplifying the requirements for ease of understanding.
Provide you with application material for ease of application where possible.
Help you understand how to amend your auditor’s report for this Enhanced Auditor Reporting rule.
The IRBA Rule dealing with Enhanced Auditor Reporting (EAR) will be discussed and its requirements simplified.
References to SAAPS 3 will be made to help visualise the Rule’s application.
Additional guidance from the IRBA Staff Audit Practice Alert 9 of 2023 will be presented to aid in the application of the IRBA Rule.
Effective date of the IRBA Rule will be clarified.