The Independent Regulatory Board for Auditors (IRBA) is recognised globally for its rigorous approach to audit regulation. Each year, its Public Inspections Report highlights key deficiencies, emerging trends, and areas of concern observed across audit firms and assurance engagements. These findings provide invaluable guidance for firms committed to maintaining and improving audit quality.
This course offers a practical, structured analysis of the 2024 IRBA Public Inspections Report. Participants will gain insight into overall inspection results, firm-level and engagement-level themes, information technology considerations, and examples of good practices observed during inspections. The training also focuses on one of the most critical aspects of inspection outcomes — the remedial action process — equipping participants with guidance on how to design and implement effective corrective measures within their firms.
By the end of the course, participants will be able to:
- Understand the key findings and trends from the 2024 IRBA inspections
- Identify common deficiencies affecting audit quality
- Recognise good practices highlighted by the regulator
- Assess the impact of inspection findings on firm policies and engagements
- Design and apply effective remedial actions to address identified weaknesses
This course is ideal for audit partners, managers, quality reviewers, and assurance professionals who want to stay aligned with regulatory expectations and proactively enhance audit quality.
Successful participants will receive a verifiable LEAF Bronze CPD Certificate, demonstrating their commitment to professional excellence and regulatory compliance.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quests Curriculum
- 6 Levelss
- Coaching By LEAF
- Communities Support
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Levels 01 Introduction
Mission(s) included in this level: 1. Welcome & Introduction
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Levels 02 Approach & Observations
Mission(s) included in this level: 2. Inspections & Observations
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Levels 03 Inspection Results: Firm-wide Inspection
Mission(s) included in this level: 3. Introduction, 4. System of Quality, 5. Risk Assessment Process, 6. Components of the SOQM
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Levels 04 Engagement-level Inspections
Mission(s) included in this level: 7. Introduction, 8. Audit: Financial Areas, 9. Audit Work: Other Fieldwork, 10. Fin Statement & Disclosure, 11. Planning, 12. Completion, 13. Audit Report, 14.
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Levels 05 Remedial Action & Way Forward
Mission(s) included in this level: 15. Remedial Action, 16. Way Forward
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Levels 06 Final Quiz
Upon completion of all the levels and passing the quiz with a minimum of 80 % and the quest, participants will receive a verifiable Bronze LEAF Certificate.
Success Stories
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Andrew M., Audit Partner An excellent breakdown
"An excellent breakdown of the IRBA report. It clearly explained where firms are still going wrong and how to address those issues practically."
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Lerato S., Quality Control Manager A must
"Clear, relevant, and directly applicable to our inspection preparation process. A must for anyone involved in audit quality."
