In light of the IRBA’s recently released Annual Enforcement Report—highlighting a record number of disciplinary matters and significant enforcement actions against auditors—this free session aims to equip audit firms with the knowledge, insight, and tools needed to avoid similar regulatory consequences.

I will walk you through the key findings in the report, unpack common deficiencies identified by the IRBA, and explain what practical steps your firm can take to mitigate the risks of non-compliance.

In addition, I will introduce the latest Audit Training Toolkit and Audit Working Papers Toolkit developed by ProBeta Training, designed to empower firms to manage their own in-house training more effectively and flexibly, ensuring that all team members stay current on auditing standards and compliance expectations.

Agenda:

Part 1: IRBA Enforcement Report – Lessons and Action Points

• Analysis of recurring findings:
  • Inadequate audit evidence and poor documentation
  • Faire to identify material misstatements
  • Independence threats not addressed
  • Quality control deficiencies (lack of monitoring and EQC reviews)
  • Professional misconduct and failure to communicate

• What the report tells us about the current state of the profession

• Practical actions your firm can take now to prevent similar findings

Part 2: Introducing the ProBeta Toolkits

• Demonstration of the Audit Training Toolkit
  • Full-firm access to pre-recorded ISA-based training
    Materials and session recordings
  • Post-assessment options for CPD purposes
  • Designed for flexibility: Train your team when and how you choose

• Demonstration of the Audit Working Papers Toolkit

  • Templates aligned to the ISAs

  • Helps standardise and improve documentation across audit files

  • Built-in prompts to avoid common regulator findings

  • Easy to integrate into your firm’s existing processes