REPORT WRITING & INDEPENDENT REVIEW

[Pages:82]REPORT WRITING & INDEPENDENT REVIEW

1

PRESENTED BY FAITH NGWENYA TECHNICAL & STANDARDS SERVICES EXECUTIVE

REPORT WRITING - CPD 2017

Professional Accountant

2

REPORT WRITING - CPD 2017

3

QUALITY CONTROL ISQC 1

Monitoring

Engagement performance

Human Resources .

Acceptance and continuance

REPORT WRITING - CPD 2017

ISQC 1

Leadership responsibilities Ethical requirements

4

ISQC 1 RISK AND COMPLIANCE

Leadership responsibility

Policies and procedures not documented

No on -going review of policies and procedures No cold file reviews (audit)

-Lack of supervision and control -Methodology (audit) not effective

Monitoring

Independence & ethical

requirements

Non-compliance with ISQC1

Engagement performance

Client acceptance & continuance

Human Resources

- Independence declaration from staff not obtained - Register of identified threats & safeguards not maintained

- No integrity checks plus client identification - Procedures not do- cumented - Engagement letters not issued

- References noRtEPoObRtTaWinReITIdNGfo-rCnPDew201s7taff -Fit and proper declarations not obtained

- Insufficient training on ISA/IFRS and record keeping

5 Leadership responsibility

REPORT WRITING - CPD 2017

Organisation structure

Enforcement of policies

Setting tone from the top

Leadership responsibility

Communicate with staff

Document policies & procedures

Establish policies & procedures

6

SETTING TONE AT THE TOP

Commitment to continuous improvement

Performance of effective &

efficient reviews

REPORT WRITING - CPD 2017

Associate with right

clients

Tone at the top

Commitment to technical excellence & quality

Clear standards &

robust processes

Recruitment of skilled & competent

staff

7

ETHICAL REQUIREMENTS

Code of Conduct

Ethical dilemma procedures

REPORT WRITING - CPD 2017

Independence

8

Independence of record keeping and compilation

INDEPENDENCE

Compilation

Independence of Decision making

Independent review

Audit

Independent of business entity

REPORT WRITING - CPD 2017

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download