This course provides a practical overview of CAS 700, Forming an Opinion and Reporting on Financial Statements, and CAS 701, Communicating Key Audit Matters in the Independent Auditor’s Report. It focuses on the auditor’s responsibilities for forming an audit opinion, determining the appropriate type of opinion, and clearly communicating the results of the audit in accordance with the standards. Participants will explore how Key Audit Matters are identified, described, and presented in the auditor’s report, including the link between significant auditor judgments, areas of higher risk, and matters communicated with those charged with governance. Through practical examples and realistic reporting scenarios, the course highlights common challenges, documentation considerations, and best practices for drafting clear, compliant auditor’s reports.
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Kirsten has over 30 years of experience in public practice and uses her knowledge and expertise to provide practical solutions to help firms meet the requirements of being in public practice.
Kirsten gained her experience in public practice as an assurance partner at PricewaterhouseCoopers LLP. She was the partner on many public and private companies operating in a variety of industries. Her clients included Air Canada, Northwest Company and Winpak. Kirsten has a strong technical background and the ability to deal with complex matters. It is this experience she now brings to her clients.
She has in-depth technical knowledge as she has faced extensive assurance and accounting issues. There are very few issues she has not encountered. And, having been subject to many internal and external file inspections she knows the challenges SMPs can encounter and appreciates where they can save time without sacrificing quality. When resolving issues, Kirsten is known for her practical approach and ability to provide useful advice. She is a good sounding board and helps practitioners address risk and make practical business decisions.
