The aim of the seminar is to present and explain to participants practical illustrations of examples of audit opinions on the following areas: 1) Unmodified opinion but emphasis of matter: a) Going concern, b) Financial statements audited by another auditor 2) Qualified opinion: a) Disagreement of accounting policy (method or disclosure) b) Inability to obtain sufficient and appropriate audit evidence c) Inadequate disclosure: going concern 3) Disclaimer of opinion: inability to obtain sufficient audit evidence 4) Adverse opinion: a) Disagreement on accounting policy and Going concern. It will provide all necessary knowledge and tips in identifying the appropriate opinion to be issued in each case.
The objective of this seminar, is to provide an overview of the recent revisions in the International Standards in Auditing, relevant to the external auditor’s report in the areas of : ISA 700 (Revised); Forming an Opinion and Reporting on Financial Statements; ISA 701 Communicating Key ; Audit Matters in the Independent Auditor’s Report; ISA 705 (Revised) ; Modifications to the Opinion in the Independent Auditor’s Report; ISA 706 (Revised); Emphasis of Matter Paragraphs and Other Matters and Paragraphs in the Independent Auditor’s.
Auditors who are involved in the preparation and reviews of audit files of engagements of various sizes and complexity.
Margarita Kouloumbri holds the position of the Principal in a private company. She has a BA (Hons) in Accounting and Finance from the University of Lancaster and MSc in Finance from the University of Strathclyde. She is a member of the Institute of Chartered Accountants in England & Wales (ICAEW). Margarita specializes in International Financial Reporting Standards and International Standards on Auditing. Margarita has gained extensive experience in the audit and Taxation of local and international groups of companies operating in various types of industries. She has many years of experience in a Big Four Firm. She is also a senior tutor for the ICAEW and ACCA examinations specializing in Financial Reporting, Accounting, Audit and Financial Management.