This workshop aims to provide hands-on experience in applying SSA 705 (Revised) Modifications to the Opinion in the Independent Auditor’s Report and SSA 706 (Revised) Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report when modifying audit opinions and adding emphasis or other matter paragraphs in the Independent Auditor’s Report.

At the end of this course, participants will be able to:

• Understand the key requirements and attributes of the different modified audit opinions, emphasis of matter and other matter paragraphs in an audit report;
• Describe the audit procedures, documentation and communications to support and justify modified opinions, emphasis of matter and other matter paragraphs; and
• Apply the requirements of SSA 705 (Revised) and SSA 706 (Revised) and issue appropriate audit opinions given the circumstances.

Programme Outline

• Overview of the key requirements of SSA 705 (Revised) and SSA 706 (Revised)
• Understanding the differences between various audit opinions and other changes to the audit opinion
• Discussion of case studies that will incorporate the following:

• Circumstances that warrant modifications, emphasis of matter or other matter paragraphs in an audit report;
• Procedures that need to be performed, given the circumstances;
• Documentation required to be made and retained in the audit files to justify the modifications, emphasis of matter or other matters;
• Communications required to be made to the Board & Audit Committee by the auditors, and;
• Content of the (modified) audit opinion and basis for opinion paragraphs, emphasis of matter and other matter paragraphs

Training Methodology

Workshop Style with case studies

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

External auditors of Intermediate to Advanced levels (especially seniors and managers)

Competency Mapping

Category 3 = 7.00 Hours

Programme Facilitator(s)