Presentation
Recording
The course will examine proposed amendments to new standards.
Canadian Auditing Standards:Audit Evidence - Driven by the growing use of technology in audits this project is examining the nature and extent of audit evidence and the need for exercising professional skepticism.
Fraud - In light of several high-profile international corporate failures and significant accounting restatements have put a spotlight the area of fraud and the auditor’s roles and responsibilities relating to fraud detection.
Going-concern - Examines auditors' responsibilities, regarding the going concern of the entity, and what should be communicated to users about the entity's ability to continue as a going concern for the foreseeable future.
We will also briefly review key requirements of CAS 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors). The revised standard clarifies the actions of the group auditor when communicating with component auditors, including communications relevant to the design of responses to assessed risks of material misstatement.
Marcus Guenther is a partner in FocusHGK LLP, which provides quality assurance, monitoring, EQCR and other consulting services.
Relevant experience:
Marcus an accomplished trainer in accounting and auditing, author and consultant. In particular he:
• assists many accounting firms in monitoring their quality control systems,
• authors and presents training courses on accounting and auditing topics, and
• assists with interpreting and applying professional standards on complex accounting and auditing issues.
Training:
Marcus has prepared and presented many accounting and assurance courses for CPA Canada, CPA Ontario, commercial training firms and individual firms over the years.
Authoring:
He was the co-author of the CPA Professional Engagement Guide (PEG) and the Quality Assurance Manual (QAM) and has authored other technical publications.
