Due to financial management renovations and changes in business models, related accounting policies and practices unavoidably have to be adjusted with an aim to record the true picture of business activities. Therefore, it is natural and appropriate that concepts stipulated in Accounting Standards and related applications are subject to revisions in order to catch up with changes in accounting procedures and presentation of information. As a result, it becomes inevitable that Auditing Standards shall also to be revised in order to cope with these changes and ensure proper assurance engagement is conducted and reporting of opinion/conclusion meets the requirements of relevant stakeholders.
This workshop covers selected Standards that are related to revisions in Code of Ethics for Professional Accountants ("COE" )and Reporting of Audit Opinion.
The speaker will examine HKSA 250 (Revised), focusing on how auditors deal with incidences of identified or suspected client's non- compliance with laws and regulations. Additional sections on this aspect was added in the revised COE.
Key topics covered:
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.
This workshop is suitable for professional auditors who want to obtain relevant updates of selected Standards discussed and how they affect the opinion contained in revised Independent Auditor's Report. Commercial accountants may also find the contents useful in enhancing better communication with auditors.