An introduction to the 3rd South
African Auditing Practice Statements or better known as SAAPS 3.

This session provides an overview
of the local guidance that has been put together by IRBA in respect of an audit
or review engagement on a set of annual financial statements, specifically in
the form of illustrative audit or review reports to assist in finalising the
audit or review report.

We will identify, discuss and
simplify each of the illustrative audit reports included in SAAPS 3,
highlighting any updates:

• In total, 31 illustrative reports will be
  covered  relating to
• Audit engagement
• Review engagements
• Key differences between examples will be pointed
  out and the wording variations in respective reports
• Updates will be discussed and illustrative
  reports affected thereby will be pointed out
• We look to bring to your attention what
  assistance is out there when performing an audit or review engagement in the
  South African context, as set out in the SAAPS.

We want to empower you in knowing
when to consider using the SAAPS as this could prove pivotal in ensuring an
efficient and accurate engagement.

Keep you on top of any updates
issued by IRBA from time to time.