Subjectivity And Scepticism - The Thinking Auditors' Guide - Live Online Course.

21st September 2022

 

TIMING

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

COURSE CODE

SE21B2

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

This course will be available live online. You will be emailed the link to join two days before the course date.

DISTRICT

All

COURSE FEE

£110+VAT. (click here for information on the Flexiticket discount scheme - fees as low as £60.00+VAT per place).

Course fee
with 25 place
Flexiticket

£60.00 +VAT

Speakers