Revised audit report - Workshop 2018

My Offerings


Independent Auditor's Report is commonly regarded as important indicator for users of financial report to assess the credibility of the entity's reported financial information. In recent years, there is an increasing demand for more relevant information and messages to be conveyed in auditor's report and the revised Auditing Standards intend to address such demands from users of financial report and stakeholders. The Standards Board responded to this by introducing revised Standards ISA 260, ISA 570, ISA700, ISA 706, ISA 720 and a new standard ISA 705, quite a significant change.

For users of financial report and stakeholders, they need to understand the reasons behind of such revisions in audit reporting in order to have proper comprehension of messages conveyed in auditor's report prepared in accordance with revised Standards.

This workshop highlights and explains important features of related revised and new Standards such as PN900 (SME-FRS), which have not been discussed in previously.

Key topics covered:

  • An overview of the major changes in revised auditor’s report
  • Reasons that lead to the changes and related improvements
  • Elaboration of important changes in concerned revised Standards
  • Highlights important features of the newly issued standard Key Audit Matters (KAMs) - HKSA 701
  • The Going Concern issue and its emphasis in reporting
  • Highlights of difference in reporting regarding Small and Medium-size entities as comparing to large entities
  • How auditors are going to prepare for the changes

Trainer profile:

Clarence Choi is a professional accountant and member of three renowned professional accountancy bodies. He has over 15 years experience in external and internal audit plus over 12 years teaching experience in auditing and accounting related subjects. Over the past years, he routinely conducted various lectures in HKU SPACE, including bachelor degree program. He has previously lectured the subject Advanced Audit and Assurance in revision program course of CPA Australia launched through HKU SPACE. He serves as speaker for CPA Australia's CPD event on several sessions of Audit Essentials. He is also a technical consultant of a long established local CPA firm.

Learning objectives

  • Familiarise with the major changes in Revised Auditor's Report and better prepare for its adoption
  • Understand the meaning of Key Audit Matters ("KAM") and how it should be incorporated in the Report, if required
  • Assess impact on audit procedures if working as auditors or to comprehend the reasoning of the changes if being users of Auditor's Report


This workshop is suitable for professional auditors who want to update their knowledge in revised Auditing Standards and users of financial reports who want to better understand the information and messages delivered in the auditor's report prepared in accordance with revised Standards.



2 hours