events | 01 February 2021

Is my auditor too sceptical? Understanding auditor expectations to increase audit efficiency

Ever wondered why an auditor insists for a bank statement in pdf format and not on a spreadsheet? Do you know what is the purpose of a management representation letter? Would you like to understand more why the auditor asks certain questions and requests certain detail?

This seminar brings together the knowledge and experience of several auditors involved in carrying out audits of financial statements, with the aim to provide useful tips to the subjects of an audit about why certain audit evidence is needed in the manner it is requested. Experience shows that many audits become inefficient or take long to complete because of differences in the expectations gap between the auditor and the providers of information for the audit. This session is intended to identify the primary sources of this gap and provides explanations about the logic and meaning behind certain requests by the auditors. While it is important that auditor independence is maintained at all times, this session aims to demonstrate that by having a clear perception of what an audit requires can be highly beneficial to both the auditor and the entity being audited.

Target Audience:

This session is relevant to accountants, employees in finance functions, internal auditors, students of auditing and other employees who are somewhat involved in dealing with auditors of financial statements.

Learning Outcomes:

The session is aimed at increasing awareness and understanding of what an audit is about and why auditors require certain type of evidence. The session aims to bring to light those elements that may hinder an audit but which, if tackled well, can make an audit more straightforward for both the auditor and the entity being audited, including those who supply auditors with the requested information.


A basic understanding of the need for an audit of financial statements.

Date: 30/11/2021

Time: 09:00 – 11:45 (including 15 minutes break)

Venue:Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

CPE Hours: This course qualifies for 2.5 hours of structured CPE which can be classified as Core Competency. A certificate of attendance will be provided at the end of the session.

Cooperation Partners
  • Malta Employers' Associations
  • Malta Association of Credit Management