As we approach the new audit season, it is crucial for engagement partners and audit team members to assess whether their firm meets all required audit standards.

This session will provide a comprehensive review of IRBA findings from previous audit cycles, ensuring that auditors understand common deficiencies and how to prevent similar findings in their own engagements.

By attending this session, participants will:

• Gain insight into past IRBA findings and their root causes.
• Understand the corrective actions required to address these deficiencies.
• Follow a structured approach to reviewing the audit process from planning to completion to identify potential weaknesses.
• Use IRBA findings as a practical review checklist for managers and partners.
• Improve the overall quality of audit files to reduce the risk of regulatory findings.

Content

• Introduction to Common IRBA Findings
• Overview of the most frequent findings from past audits.
• Understanding the impact of poor-quality audit files.
• Root Causes of Findings
• What led to the deficiencies?
• Common pitfalls in documentation and execution

Step-by-Step Review of the Audit Process

• Planning & Risk Assessment – Identifying common IRBA concerns.
• Audit Procedures & Execution – Addressing gaps in evidence gathering.
• Audit Documentation – Ensuring sufficient and appropriate audit evidence.
• Finalization & Reporting – Avoiding common errors in conclusions and reports.

Practical Steps to Avoid IRBA Findings

• Key improvements firms should implement.
• Best practices for engagement teams.
• How to use these findings as an internal quality review checklist.