Join us for an insightful 2-hour webinar titled "Application of International Standard on Related Services (ISRS) 4400 (Revised) - Agreed-Upon Procedures Engagements" designed for South African accountants seeking to enhance their knowledge and skills in this critical area. This comprehensive webinar will explore the revised ISRS 4400 standard and its practical implications for agreed-upon procedures engagements.
Through a combination of presentations, discussions, and examples, participants will gain a deep understanding of the roles and responsibilities of various parties, engagement establishment, performance, reporting, and ethical considerations under the revised standard. This webinar will equip attendees with the necessary tools and knowledge to effectively apply the revised ISRS 4400 in their professional practice.
This session will cover the following:
I. Introduction
A. Overview of the webinar
B. Importance of ISRS 4400 (Revised) for South African accountants
II. Understanding ISRS 4400 (Revised)
A. Background and purpose of ISRS 4400 (Revised)
B. Key differences between the original ISRS 4400 and the revised version
C. Scope of agreed-upon procedures engagements under ISRS 4400 (Revised)
III. Roles and Responsibilities
A. The role of the practitioner in agreed-upon procedures engagements
B. The role of the engaging party
C. The role of the responsible party
IV. Establishing and Agreeing on the Engagement
A. Preconditions for an agreed-upon procedures engagement
B. Engagement acceptance considerations
C. Formulating the agreed-upon procedures
D. Engagement letters and their key components
V. Performing the Engagement
A. Planning and executing the agreed-upon procedures
B. Professional skepticism and judgment
C. Dealing with unforeseen circumstances and deviations
D. Documentation requirements
VI. Reporting on the Engagement
A. Key elements of the agreed-upon procedures report
B. Report structure and format
C. Restrictions on the use and distribution of the report
VII. Ethical and Quality Control Considerations
A. Ethical requirements under the revised standard
B. Quality control procedures for agreed-upon procedures engagements
C. Independence and objectivity considerations