Price:
R690.00 (VAT Incl.)
Level:
Independent Reviewers
Sub-level:
Independent Reviews
Lecturer:
Lynette Badenhorst
Duration:
390 Minutes
Additionals:
R690.00 (VAT Incl.)
Level:
Independent Reviewers
Sub-level:
Independent Reviews
Lecturer:
Lynette Badenhorst
Duration:
390 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
The purpose of this lesson is to provide delegates with the practical knowledge of how to perform an Independent review in terms of ISRE 2400, using the CaseWare software and methodology.
• Companies Act requirements – audit vs Independent review
• Section 29 of the Companies Act
• How to calculate the public interest score
• Who can perform an Independent Review?
• What is meant by the word independent?
• Who is an accounting professional?
• Reportable irregularity i.r.o. regulation 29 of the Companies Act
• Professional scepticism and professional judgement within the review engagement
• Documentation requirements
• Pre-conditions and accepting the engagement
• Engagement letter
• Ethical requirements
• Obtaining an understanding of the client through enquiries
• Overall materiality assessments
• Areas that are likely to be misstated
• Performing the review for all Financial Statement Areas
• Focused enquiries
• Analytical procedures
• Additional procedures
• Subsequent events
• Going concern conclusion
• Evaluation of misstatements
• Letter of representation
• Report
• Modified conclusion
• Unmodified conclusion
• Companies Act requirements – audit vs Independent review
• Section 29 of the Companies Act
• How to calculate the public interest score
• Who can perform an Independent Review?
• What is meant by the word independent?
• Who is an accounting professional?
• Reportable irregularity i.r.o. regulation 29 of the Companies Act
• Professional scepticism and professional judgement within the review engagement
• Documentation requirements
• Pre-conditions and accepting the engagement
• Engagement letter
• Ethical requirements
• Obtaining an understanding of the client through enquiries
• Overall materiality assessments
• Areas that are likely to be misstated
• Performing the review for all Financial Statement Areas
• Focused enquiries
• Analytical procedures
• Additional procedures
• Subsequent events
• Going concern conclusion
• Evaluation of misstatements
• Letter of representation
• Report
• Modified conclusion
• Unmodified conclusion