Internal Controls, Risk Based Auditing and Reporting Deficiencies to those charged with Governance. Facts or fiction?

This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

This training module seeks to establish the importance of evaluating an entity’s system of Internal Controls to determine the extent to which reliance can be placed on these controls during an audit. This will determine the audit approach and other audit procedures to be adopted in order to test financial statement against material misstatement. The session also delves into the importance of the Risk Based Approach (RBA), the thought processes which need to be engaged and why RBA is considered as the most effective and efficient approach to statutory audits. A discussion will ensue on the practical application and interaction of ISAs 300, 315, 330 & 520. Detailed case studies will be presented in break-up groups to allow for interaction by all participants on issues arising in these areas.

Target Audience:

This session is relevant to accountants, employees in finance functions, internal auditors, students of auditing and other employees who are somewhat involved in dealing with auditors of financial statements.

Learning Outcomes:

The aim of this session is to provide attendees with the possibility to discuss, acknowledge and test the importance of the Risk Based Audit following an assessment of risk and the internal control systems in order to formulate and efficient and effective audit plan.

Venue: Kindly contact us on kla@kpmg.com.mt to indicate your preferred training method; online or in-person.

CPE Hour: This course qualifies for 4 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

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Terms and conditions.

Course Features

Guided Learning 4 hours
Language English
Assessments

Marcel Coppini

Member of the ACCA advisory Group Malta at ACCA

Marcel Coppini is a fellow of the Association of Chartered Certified Accountants (ACCA) and a fellow of the Malta Institute of Accountants. He had a vast and diversified audit career, spanning over forty two years. He moved from one of the leading Big 4 firms, to take key financial and managerial roles in Industry. After 12 years, he went back to his roots in 2006, setting up and heading the Quality Assurance Unit, which he headed, until he retired in 2016. Since 2016, he has been practising as a freelance Audit Quality, Corporate Governance, and Ethics, consultant for small and medium sized audit entities. He seeks to assist audit practices and their audit teams, to cope better with the challenges brought about by the EU audit reforms which triggered off a total overhaul of the audit regulatory and legal framework and a total revamp of the International Standards on Auditing. Other than carrying out external hot and cold reviews and Compliance review engagements for audit entities, he organises a series of interactive audit training workshops. These focus on remedying the more common pitfalls arising from monitoring visits carried out by the Audit Regulator. Mr Coppini penned a number of technical articles for publication, both locally and overseas. He has been the speaker at a number of Audit Quality Assurance seminars in Malta and abroad, addressing Public Oversight conferences and seminars. Between 2012 and 2018 he was an elected member of the International Assembly of ACCA.