CPD - Audit Update 2025 - 20 October 2025

Presenter

Annalien Carstens
Managing Director

View Presenter Profile here

Course outline

The audit landscape continues to evolve. Are you up to date?

Join us for an update on the latest auditing standards, regulatory changes, and emerging trends shaping the profession.

The course will provide you with insight into the key changes in the standards and other guidance, with practical tips on best practices for implementation in your audits.

Content:

The areas we will be covering in the session are:

1. Recap of revised standards or guidance already applicable
   a. ISA 600 (Revised) – Special considerations – Audits of group financial statements (including the work of component auditors)
   b. ISA 315 (Revised) – Identifying and assessing the risk of material misstatement
   c. ISA 540 (Revised) – Auditing accounting estimates and related disclosures
   d. Quality Management Standards
   e. IRBA rule – Enhanced auditor reporting for audits of financial statements of public interest entities (PIEs)
   f. Revisions related to technology in the IRBA Code of Professional Conduct for registered auditors
2. Standards or guidance becoming effective
   a. Revisions to the definitions of a listed entity and of public interest entities (PIEs) in the IRBA Code of Professional Conduct for registered auditors
   b. IRBA’s four rules issued under the International Standards on Quality Management
   c. SAAPS 7 – Transparency reports of firms that audit financial statements of publicly traded entities
3. On the horizon
   a. New or updated standards coming into effect within the next 12–24 months
   b. IESBA projects in progress
   c. IAASB projects in progress
   d. Status of adoption of ISSA 5000 and ISA 570 (Revised 2024) in South Africa
4. Other
   a. Importance of documenting sufficient and appropriate audit evidence
   b. Focus on the IRBA Code of Professional Conduct for registered auditors and the ethics of the auditor
   c. Impact of Artificial Intelligence on audit
   d. IRBA Public Inspections Report on Audit Quality 2024
   e. IRBA Annual Enforcement Report 2023/2024
   f. IRBA 2024 Survey Report Audit Quality Indicators
   g. IFIAR report on the 2022 Global Survey of Inspection Findings
   h. Feedback statement on the post-implementation review of IRBA’s SAAEPS 1 – Sustainability assurance engagements: Rational purpose, appropriateness of underlying subject matter and suitability of criteria

Important to note:

• The course is open for 12 months and will then close.
• A recording will be made available after the session.  The recording will be available even if you were not able to join the session, and thus no refund will be applicable.
• Certificates will be issued on the date of successful completion of the assessment. The certificate will reflect the date of the training session.