Course Details

On 27 May 2021 the Financial Reporting Council (FRC) issued a revision of its UK auditing standard on the responsibilities of auditors relating to fraud (ISA (UK) 240). 

The new standards will be effective for audits of financial statements for periods commencing on or after 15 December 2021.

The revisions mean that auditors are required to obtain “reasonable assurance” as to whether a company’s financial statements are free from material misstatement due to fraud.

In this session, Elaine Jackson will focus on 2 or 3 industries and provide practical guidance on;

•             The structure of discussions to be had with Management

•             Challenging management’s assessment

•             The information and audit evidence to be obtained

•             The testing to be performed

•             The conclusions to be drawn

This is a session not to be missed! 

CPD Course Speaker

Michael Power Accountants

Elaine Jackson

Elaine has over 15 years Accountancy Practice experience which has provided her with a wealth of knowledge across all industries and sectors. Elaine is an AITI Chartered Tax Advisor, a Certified Public Accountant and holds a Diploma in Corporate Finance. In her previous roles, Elaine was a member of our Practice Support team, Elaine’s focus is on providing firm’s with assistance and training in the following areas; Anti-Money Laundering, Audit Testing and Walk Through Procedures, Audit Planning and Efficiency, OmniPro Audit Working Paper Demos, Preparing for Monitoring Visits and Post Monitoring Visit follow-ups. Elaine has experienced a number of ACA and ACCA monitoring reviews. This experience has provided Elaine with a great understanding and appreciation for the challenges facing Accountants in practice today.