With increased volatility in geopolitical and geoeconomic environments, businesses continue to face challenges to stay relevant. Inevitable changes are made to the entity’s strategy, structures and operations, with consequential impact on their risk profile and financials. Correspondingly, to optimize audit efficiency and effectiveness, auditors are also challenged to continuously review and adapt their audit strategy in consideration of the everchanging landscape.

This workshop will be discussion-based, covering the top areas of focus which audit professionals should consider in the coming audit period in 2026

Programme Outline

Areas of focus include

• Macroeconomic uncertainties and its implications
• Areas of focus include:

• Appropriateness of the use of going concern assumption in the preparation of financial statements;
• Potential onerous contracts;
• Disclosures, including the potential impact of FRS 118 Presentation and Disclosures in Financial Statements;
• Valuation/Impairment assessment of non-financial and financial assets
• IT audit and cybersecurity – adaption of audit approach in response to the change in business landscape

Training Methodology*

Lecture style

 

 

 

Intended For

This course is designed for experienced audit professionals to audit partners

Programme Facilitator(s)