SESSION 1 - Understanding Auditor Responsibilities in Laws and Regulations (ISA 250 Fundamentals)
This session introduces auditors to their professional responsibilities regarding laws and regulations during an audit. It explains how legal non-compliance affects audit risk, material misstatement, and professional obligations. Participants will learn how to identify relevant legislation, assess risk, and apply ISA 250 to plan and perform compliant and ethical audits.
SESSION 2 - Responding to and Reporting Non-Compliance (NOCLAR, APA & Professional Obligations)
This advanced session builds on ISA 250 by focusing on how auditors must respond to identified or suspected non-compliance. It provides practical guidance on documentation, escalation and mandatory reporting obligations to regulators. It covers NOCLAR ethical requirements and reportable irregularities under the Auditing Profession Act (APA).
SESSION 1 - Understanding Auditor Responsibilities in Laws and Regulations (ISA 250 Fundamentals)
This foundational session explains the scope and purpose of ISA 250 and clarifies the auditor’s responsibilities in relation to laws and regulations. It differentiates laws with direct vs. indirect effects on the financial statements and explores how compliance impacts audit procedures. Practical examples help auditors understand how to identify indicators of non-compliance through risk assessment, inquiries, and analytical procedures.
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SESSION 2 - Responding to and Reporting Non-Compliance (NOCLAR, APA & Professional Obligations)
Participants will learn how to evaluate non-compliance, determine materiality and decide whether withdrawal from an engagement is necessary. This session unpacks reporting lines, including mandatory reporting to IRBA, the Companies and Intellectual Property Commission (CIPC), and other authorities. It also covers NOCLAR requirements under the IESBA Code, timing of reporting and legal risks for auditors who fail to report.
Key Topics Covered:
