Risk-Based Auditing

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:

Identifying, assessing and responding to risk is key to an effective and efficient audit. While historically auditors simply dive into SME audits by applying a substantive testing approach, it is now recognised that a risk based audit will assist you in focusing on key risk areas, assess the risks and design procedures to apply on the audit to mitigate the risk of material misstatement.

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:

This session will delve into:

The effectiveness of applying a combination of Systems Testing and Substantive Testing as well as increasing reliance being placed on Data Analytics (ISAs 240, 300, 315 & 330)
How autonomous tools & techniques will change auditing as we know it today.
The importance to carefully plan an audit as well look into the need to obtain an understanding of the systems of control within the entity, how these can be tested and the extent to which reliance can be placed on them at the fieldwork stage of the audit.

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 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.