Subjectivity And Scepticism - The Thinking Auditor's Guide

17th March 2022

 

TIMING

Registration Course starts CoffeeCourse ends
13:00 13:30 15:00 16:30

COURSE CODE

MA17B2

SPEAKER

Ralph Tiffin

OBJECTIVES

To understand the work required in judging judgements -  questioning, agreeing or disagreeing with clients’ judgments.  To consider the nature and application of scepticism. 

WHO SHOULD ATTEND?

Auditors and accountants – who audit, prepare and review financial statements – particularly statements with subjective numbers.  Directors who are responsible for their numbers.

TOPICS

Subjectivity – when and what judgement is required?

Several ISA's and the underlying sections of FRS 102 cover potentially highly subjective amounts found in financial statements.

Very obvious areas include:

  • Provisions
  • Impairments
  • Revenue recognition

A common feature is in many cases the published numbers depend on reliable; estimates and underlying forecasts.

This session aims to focus on what MUST be done to ensure compliance with ISA's and the rules (laws may be too strong a word) of the ISAs and related FRS102 sections. Professional judgement has to be based on compliance with the rules.

How sceptical should we be?

That we are not sceptical enough is a continuing theme and message from the FRC and our Institutions. Once we have reviewed the clients’ judgments and judged them we have to “stand back” (a topical term) - we should review how critical or sceptical we have been.

VENUE

Crowne Plaza Hotel Crawley

DISTRICT

South East

COURSE FEE

£110+VAT. (click here for information on the Flexiticket discount scheme - fees as low as £58.80+VAT per place).

Course fee
with 25 place
Flexiticket

£58.80 +VAT

Speakers