Course Detail(ADT068A : What Audit Managers and Partners Should Watch Out For in Risk Assessment)

ADT068A : What Audit Managers and Partners Should Watch Out For in Risk Assessment

7.00 CPE Hours (Category 3)
Classroom


Programme Objective
 
To share with audit managers and partners:

  • the importance of understanding the audit client’s business and proper risk assessment when performing risk-based audits, and
  • the tips on what to look out for when performing such a risk assessment.

Programme Outline

  • The benefits of performing a proper risk assessment when carrying out audits.
  • A refresher on the audit standard requirements and sharing of required risk assessment procedures.
  • The different aspects on what to look out for when performing a risk assessment.
  • How to link identified audit risks to their potential impact(s) on financial statement account components, and assess the risk of material misstatements in these accounts.
  • Use of cases studies to illustrate the relationship between understanding the audit client’s business and assessing audit client risks and assessing the risk of material misstatements in the financial statements.
  • Highlight specific considerations relating to fraud, related parties, going concern and laws and regulations, and its impact on risk assessment.
  • Highlight potential consequential implication arising from new quality control and auditing standards to be implemented

 
Training Methodology
Lecture style, with Exercises/Case Studies, Knowledge Check
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Advanced level programme intended for Audit Managers and Partners

Competency Mapping

Category 3 = 7.00 Hours

Schedule & Fees

Date & Time

05 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Quek Siew Eng

Date & Time

19 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Quek Siew Eng

Date & Time

28 Nov 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Quek Siew Eng

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Quek Siew Eng
Partner of Quality and Compliance, Mazars LLP

Siew Eng has more than 20 years of professional experience, including more than 7 years in ACRA where she was the Director of the Practice Monitoring Department in the Accounting and Corporate Regulatory Authority of Singapore (ACRA). Besides overseeing the practice reviews of audits carried out by public accountants in Singapore, she was involved in ACRA’s regulatory efforts to improve audit quality, monitoring trends and events in both the local and international marketplace, as well as policy-making, such as the setting up of new regulatory framework and/or refinements of existing programmes/initiatives.  She was also speaker-cum-panellist at various local and international seminars/events whose target audiences covered a wide spectrum, ranging from public accountants, international regulators, directors to shareholders. 


Prior to joining ACRA, Siew Eng spent more than 12 years in a Big-Four accounting firm serving audit and advisory clients across various industries. 

Siew Eng holds a Bachelor of Accountancy Degree from the Nanyang Technological University. She is a member of the Institute of Singapore Chartered Accountants.


Programme Objective
 
To share with audit managers and partners:

  • the importance of understanding the audit client’s business and proper risk assessment when performing risk-based audits, and
  • the tips on what to look out for when performing such a risk assessment.

Programme Outline

  • The benefits of performing a proper risk assessment when carrying out audits.
  • A refresher on the audit standard requirements and sharing of required risk assessment procedures.
  • The different aspects on what to look out for when performing a risk assessment.
  • How to link identified audit risks to their potential impact(s) on financial statement account components, and assess the risk of material misstatements in these accounts.
  • Use of cases studies to illustrate the relationship between understanding the audit client’s business and assessing audit client risks and assessing the risk of material misstatements in the financial statements.
  • Highlight specific considerations relating to fraud, related parties, going concern and laws and regulations, and its impact on risk assessment.
  • Highlight potential consequential implication arising from new quality control and auditing standards to be implemented

 
Training Methodology
Lecture style, with Exercises/Case Studies, Knowledge Check
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

An Advanced level programme intended for Audit Managers and Partners

Competency Mapping

Category 3 = 7.00 Hours

Programme Facilitator(s)

Quek Siew Eng
Partner of Quality and Compliance, Mazars LLP

Siew Eng has more than 20 years of professional experience, including more than 7 years in ACRA where she was the Director of the Practice Monitoring Department in the Accounting and Corporate Regulatory Authority of Singapore (ACRA). Besides overseeing the practice reviews of audits carried out by public accountants in Singapore, she was involved in ACRA’s regulatory efforts to improve audit quality, monitoring trends and events in both the local and international marketplace, as well as policy-making, such as the setting up of new regulatory framework and/or refinements of existing programmes/initiatives.  She was also speaker-cum-panellist at various local and international seminars/events whose target audiences covered a wide spectrum, ranging from public accountants, international regulators, directors to shareholders. 


Prior to joining ACRA, Siew Eng spent more than 12 years in a Big-Four accounting firm serving audit and advisory clients across various industries. 

Siew Eng holds a Bachelor of Accountancy Degree from the Nanyang Technological University. She is a member of the Institute of Singapore Chartered Accountants.

Upcoming Schedule

Registration is closed

Date & Time

05 Nov 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Quek Siew Eng

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537