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:

Ever wondered why an auditor insists for a bank statement in pdf format and not on a spreadsheet? Do you know what is the purpose of a management representation letter? Would you like to understand more why the auditor asks certain questions and requests certain detail?

This seminar brings together the knowledge and experience of several auditors involved in carrying out audits of financial statements, with the aim to provide useful tips to the subjects of an audit about why certain audit evidence is needed in the manner it is requested. Experience shows that many audits become inefficient or take long to complete because of differences in the expectations gap between the auditor and the providers of information for the audit. This session is intended to identify the primary sources of this gap and provides explanations about the logic and meaning behind certain requests by the auditors. While it is important that auditor independence is maintained at all times, this session aims to demonstrate that by having a clear perception of what an audit requires can be highly beneficial to both the auditor and the entity being audited.

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 session is aimed at increasing awareness and understanding of what an audit is about and why auditors require certain type of evidence. The session aims to bring to light those elements that may hinder an audit but which, if tackled well, can make an audit more straightforward for both the auditor and the entity being audited, including those who supply auditors with the requested information.

Prerequisites:

A basic understanding of the need for an audit of financial statements.

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

CPE Hours: This course qualifies for 2.5 hours of Structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Trainers:

Joelene Farrugia, Senior Manager, Audit Services, KPMG in Malta

Joelene is a Certified Public Accountant and Registered Auditor, who joined KPMG in 2015, after having graduated from the University of Malta with a Master in Accountancy and Bachelor of Commerce Degree in Banking and Finance. During her eight years at KPMG, Joelene gained experience in auditing a variety of clients from wide array of industries. Joelene was also seconded with KPMG Gibraltar where she predominantly focused on gaming clients. Today, Joelene is a Senior Manager within the iGaming and Technology Audit Cluster, with her main portfolio including gaming groups and technology entities, both local and international.

Elvia Camilleri, Manager, Audit Services, KPMG in Malta

Elvia is a Certified Public Accountant and Registered Auditor, and has the role of an Audit Manager at KPMG. She graduated from the University of Malta with a Master in Accountancy and a Bachelor of Commerce Degree in Banking and Finance. Since joining KPMG in 2017, Elvia gained knowledge and experience in auditing clients from several industries, both local and international, and has also been seconded to KPMG Gibraltar and KPMG San Francisco. During her six years at KPMG, Elvia has specialised in the iGaming and Technology sector, and is today part of the management team of this cluster.

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