Course Description

Statutory or external auditors and specialists play a critical role not only in ensuring that financial statements are compliant with applicable financial reporting standards, but also ensure that the information reported is of high quality for the users of the financial statements. Therefore, it is imperative that management and those charged with governance exercise due care when appointing auditors and other external specialists.

This includes properly vetting these professionals before engaging them for their services and know the right questions to ask the prospective auditors/specialists and other relevant parties. In this e-learning session, we will examine the role management and those charged with governance in appointing an auditor and specialists and review the key considerations before appointing them. 

Learning Outcomes:

• Review the role of role of management and those charged with governance in appointing auditors and external specialists;
• Examine the characteristics and attributes to look out for when intending to hire auditors and external specialists;
• Top 10 questions to ask before appointing auditors and external specialists;
• Understand the concerns or “red flags” to be weary of before appointing auditors and external specialists;
• Understand the significance of on-going communication with auditors and external specialists so as to ensure their professionalism and effectiveness throughout the engagement.