To facilitate practising members of Institute of Chartered Accountants of Pakistan (ICAP) in the small and medium practices in understanding the issues and benefits of the clarified International Standards on Auditing (ISA) from SMP's perspective, the Council of the Institute has invited Philip Cowperthwaite, FCA to share his experience with the members.
The sessions are planned in Karachi, Lahore and Islamabad on January 9, 11, and 13, 2012, respectively. Members will be able to learn from Cowperthwaite's personal experience of completing over 100 ISA compliant audits of micro-entities in Canada to date.
Cowperthwaite will involve significant time for discussion, specifically to enable practitioners to discuss how the standards can be implemented in Pakistan in a culturally appropriate manner.
He will present a three-part seminar/workshop addressing including a) Coping with standards change-What your clients have to gain from an ISA audit; b) Understanding the ISAs and using them effectively with a focus on reducing audit risk; c) Opportunities for audit and practice efficiency with a focus on making your audits profitable.
Cowperthwaite is a full-time partner of a nine-person firm in Toronto, Canada. His primary area of practice is providing audit services to small not-for-profit micro-entities, those organisations at the very smallest end of the reporting-entity spectrum.-PR
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