Overview  

Auditing for Small and Medium-sized Practices (SMPs) presents unique challenges and opportunities, requiring a tailored approach to ensure compliance and quality. This webinar delves into the regulatory frameworks and best practices specific to SMP audits, discussing the primary goals of these critical assessments. Participants will gain detailed insights into the methodologies employed throughout the audit process, including risk assessment techniques, testing procedures, and effective communication of findings, all within the context of SMPs.   

Learning objectives  

Attending this webinar will equip you with the following skills: 

• Gain a comprehensive understanding of the objectives and scope of SMP audits, including their role in providing assurance to stakeholders. 

• Learn about the key principles and standards governing SMP audits, as set forth by regulatory bodies and auditing standards boards. 

• Explore the importance of independence, objectivity, and professional skepticism in the audit process, and understand their significance in maintaining audit quality. 

• Identify the various stages and procedures involved in conducting an SMP audit, from planning and risk assessment to testing and reporting. 

• Understand the implications of audit findings and the role of auditors in communicating results to stakeholders, including management, shareholders, and regulatory authorities.   

Content 

The webinar will cover the following topics: 

• Introduction to SMP Audits: 

  • Definition and purpose of SMP audits. 

  • Importance of audits in providing assurance to stakeholders in SMPs. 

  • Evolution of audit standards and regulations relevant to SMPs. 

• Regulatory Framework and Standards: 

  • Overview of regulatory bodies and auditing standards boards. 

  • Examination of key auditing standards and guidelines for SMPs. 

  • Understanding compliance requirements for SMP audits. 

• Objectives and Scope of Audits: 

  • Clarification of the objectives and scope of SMP audits. 

  • Discussion on the responsibilities of auditors and management in SMPs. 

  • Examination of the limitations of SMP audits and areas not covered. 

• Audit Process and Methodologies: 

  • Overview of the stages involved in conducting an SMP audit. 

  • Explanation of risk assessment and planning procedures specific to SMPs. 

  • Exploration of audit testing techniques and sampling methodologies suitable for SMPs. 

• Reporting and Communication: 

  • Analysis of audit findings and their implications for SMPs. 

  • Understanding the different types of audit opinions. 

  • Discussion on the communication of audit results to stakeholders in SMPs. 

• Professional Ethics and Independence: 

  • Examination of ethical considerations and conflicts of interest in SMP audits. 

  • Case studies and examples illustrating ethical dilemmas in SMP auditing. 

• Emerging Trends and Challenges: 

  • Exploration of current trends and developments in SMP auditing. 

  • Discussion on challenges faced by SMP auditors and the profession. 

  • Consideration of the impact of technology and data analytics on SMP audits. 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

Who should attend? 

The following persons will benefit from attending this webinar: 

• Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA. 

• Registered auditors. 

• Independent reviewers. 

• Trainee accountants. 

Price 

• R 450.00 - Online admission - Individual. 

• Group Price 1 - From R184 per person (up to 5 users) 

• Group Price 2 - From R121 per person (up to 10 users) 

• Group Price 3 - From R109 per person (over 11 users) 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar. 

Corporate training solutions 

At SA Accounting Academy, we recognise the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritise hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at corporate@accountingacademy.co.za or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organisational goals.  

Contact us   

  Have any questions or need any assistance? Contact us today!   

• Online chat through our website.   

• WhatsApp: Start chatting (+27635026114)   

• Phone: 010 593 0466   

• E-mail: ticket@accountingacademy.co.za