2025-26 Update: Audit

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Auditors need to stay on top of changes that affect the audit process. This course covers key updates on going concern, ISQM 1, cash flow statements, and journal audits.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.
2025-26 Update: Audit banner-desktop

2025-26 Update: Audit

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.
2025-26 Update: Audit banner-desktop

2025-26 Update: Audit

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Implement the revised requirements of ISA 570 relating to going concern
  • Develop a strategy to avoid common issues connected to implementing ISQM 1
  • Give the cash flow statement equal audit importance as other primary financial statements
  • Plan how to audit journals, considering how the system works, who controls it, and how technology can help

About the course

Audit standards continue to evolve, and staying current is essential for avoiding regulatory risk, maintaining audit quality, and addressing the growing threat of fraud.

This course explores the key updates impacting auditors in 2025/26. It covers the revised requirements of ISA 570 on going concern, the implementation of ISQM 1 and its quality management components, and the audit treatment of cash flow statements. It also examines risks associated with journal entries and how technology and analytical procedures can support fraud prevention.

By the end of the course, you’ll be better equipped to apply recent audit standards with confidence, strengthen your approach to quality management, and sharpen your awareness of audit areas that are most vulnerable to risk and error.

Contents

Going concern

The concept of going concern
Time to align
Management’s assessment
Important indicators
A matter of material uncertainty
Changes to ISA 570 Going Concern
Reporting on going concern

ISQM update

ISQM 1
Roadblocks to implementation
Establishing quality objectives
An issue of quality
Monitoring, remediation and review
Annual evaluation

Cash flow statements

Cash flow statements: an overview
Why audit the cash flow statement?
Reporting operating cash flows
Audit procedures
Cash flow statement considerations
Common problems

Auditing journals

Fraud risk
Auditing journals
Testing journals
It’s all in the details
FRC thematic review

How it works

Author

Steve Collings

Steve Collings

Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA”s Practice Network Panel.