ISQM Discussion Forum
SAICA, in collaboration with PAFA are providing a platform for workshops on the implementation of the quality management standards to assist members with their implementation efforts.

The Quality Management Standards become effective on 15 December 2022
173
Days
16
Hours
21
Minutes
8
Secs
  • Workshop 1: The Risk Assessment Process (7 April 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 2: Governance and Leadership | Relevant Ethical Requirements (5 May 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 3: Acceptance and Continuance | Engagement Performance (13 June 2022; 14:30 to 16:30 (GMT +2))
  • Workshop 4: Resources (7 July 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 5: Information and Communication | Network Requirements, Network Services, Documentation (12 August 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 6: Monitoring and Remediation (9 September 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 7: ISQM 2 (7 October 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 8: ISA 220 (7 November 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 9: Recap (7 December 2022; 14:00 to 16:00 (GMT +2))
  • Workshop 10: Evaluating the QM System (7 February 2023; 14:00 to 16:00 (GMT +2))

ISQM Implementation Initiative - 2022

Who Should Attend

A group for Audit and Assurance specialists to share, discuss and solve issues relating to the implementation of the ISQM standards in a friendly and confidential setting.

Overview

ISQM 1, ISQM 2 and ISA 220 (Revised) come into effect on 15 December 2022. These standards are expected to have a significant impact for all audit firms. SAICA in collaboration with PAFA are introducing these monthly workshops as a platform where different aspects of the quality management standards may be addressed. Participants will have the opportunity to share practical insights and clarify their understanding on the implementation of these important standards.

Workshop 5: Information and Communication, Network requirements or network services, Documentation

14:00-14:15 (GMT +2) – Introduction and welcoming of all participants and presenters

14:15-15:30 (GMT +2) – Presentations by topic experts and sharing of experiences

15:30-16:00 (GMT +2) – Questions and answers

Topics include

During this discussion forum, the following topics will be addressed:

  • Quality objectives that address obtaining, generating or using information regarding the system of quality management, and communicating information within the firm and to external parties on a timely basis to enable the design, implementation and operation of the system of quality management
  • Examples of quality risks pertaining to the above quality objectives
  • Examples of responses pertaining to the above quality risks
  • Network requirements or network services
  • Documentation

Presenters

  • Annalien Carstens
  • Eben Bakker
  • Edwin Selbst
  • Tumelo Makgakga

Annalien Carstens is an IFRS, IPSAS, GRAP and Auditing specialist. As managing director of Altimax for the past 20 years, she has led IFRS projects in about 50 listed entities and audit related initiatives for more than 50 audit firms. Annalien has performed engagement quality reviews since 2006. She also led various turnaround projects in all spheres of government, serving the Auditor General, National Treasury, various Provincial Treasuries, more than 170 SOEs, public entities and trading entities, almost 150 municipalities, 9 legislatures and near 40 provincial and national departments. Annalien was the author of leading academic publications; and authored articles in academic and subject-popular magazines; and presented at several conferences locally and abroad. She previously lectured in Accounting and Auditing at Rand Afrikaans University (now UJ) and served articles at Deloitte.

Eben Bakker is a qualified CA(SA) and RA. Eben completed his articles at Reay Lee & Vernon Lee in Ladysmith. He was employed as a financial- and administrative manager at a medium size textile manufacturer from 1999 to 2005. In 2006 Eben obtained his M. Com.SA in International Tax at the North- West University. Eben joined Enslins Bethlehem in 2006 and has been a director of Enslins Bethlehem since 2007. Eben is currently the head of audit for Enslins Bethlehem and involved in the management and supervision of audits and the interpretation and application of the relevant reporting framework and standards, mostly in the South African context. Eben’s areas of expertise include Audit and Assurance, Tax Planning and Advice, Group Structures, Internal Audit, Corporate Governance, Risk Management, B-BBEE Services and IFRS Compliance.

Edwin Selbst is a qualified CA(SA) and RA. He has more than 20 years of experience in assurance and audit quality. Edwin started SARE Consulting in March 2019 after he purchased W.consulting’s Governance, Assurance Risk and Advisory division. He trained at a medium-sized audit firm, with experience of more than 10 years as an audit engagement partner. Edwin also served as the Technical Partner for five years. His areas of expertise include the ISAs, ISQC 1, IRBA Guides, Companies Act, IFRS, IFRS for SMEs, SAICA Guides and the Ethical Codes for Professional Accountants and Auditors. He provides technical consulting services and training to the firm's clients on these frameworks and standards, both locally and internationally.

Tumelo Makgakga is a qualified CA(SA) and RA. He is currently the managing director at FirstPlace Assurance & Advisory. Tumelo began his career at KPMG SA, where he accumulated vast auditing experience in retail banking, specialist banking, retirement funds, private equity and real estate amongst other sectors. After completing articles, Tumelo had a unique opportunity to join KPMG UK in London where he worked on the Barclays and Credit Suisse audits for 6 months. Tumelo continued his career at KPMG SA after returning from London and spent two years as an audit manager in the financial services division gaining key managerial experience in the industry. Prior to starting FirstPlace Assurance & Advisory, Tumelo joined PwC SA’s financial services division and expanded his experience in the industry whilst working on key JSE listed Insurance clients.

Dates and Venues

Date

12 August 2022

Venue

Webcast

How to Enrol

A ZOOM link will be sent to all individuals that have registered for the workshop.

Workshop 4: Resources

14:00-14:15 (GMT +2) – Introduction and welcoming of all participants and presenters

14:15-15:30 (GMT +2) – Presentations by topic experts and sharing of experiences

15:30-16:00 (GMT +2) – Questions and answers

Topics include

During this discussion forum, the following topics will be addressed:

  • Quality objectives that address appropriately obtaining, developing, using, maintaining, allocating and assigning resources in a timely manner
  • Examples of quality risks pertaining to the above quality objectives
  • Examples of responses pertaining to the above quality risks

Presenters

  • Annalien Carstens
  • Coen Stokes

Annalien Carstens is an IFRS, IPSAS, GRAP and Auditing specialist. As managing director of Altimax for the past 20 years, she has led IFRS projects in about 50 listed entities and audit related initiatives for more than 50 audit firms. Annalien has performed engagement quality reviews since 2006. She also led various turnaround projects in all spheres of government, serving the Auditor General, National Treasury, various Provincial Treasuries, more than 170 SOEs, public entities and trading entities, almost 150 municipalities, 9 legislatures and near 40 provincial and national departments. Annalien was the author of leading academic publications; and authored articles in academic and subject-popular magazines; and presented at several conferences locally and abroad. She previously lectured in Accounting and Auditing at Rand Afrikaans University (now UJ) and served articles at Deloitte.

Coen Stokes is a CA(SA) and a registered auditor at IRBA. Coen is the managing partner of BERACA Accountants and Auditors Inc. He is also a member of SAICA’s Assurance Guidance Committee (AGC) and chairman of SAICA’s National Small and Medium Practices Interest Group (NSMP-IG).

Dates and Venues

Date

7 July 2022

Venue

Webcast

How to Enrol

A ZOOM link will be sent to all individuals that have registered for the workshop.

Workshop 3: Acceptance and Continuance & Engagement performance

14:30-14:45 (GMT +2) – Introduction and welcoming of all participants and presenters

14:45-16:00 (GMT +2) – Presentations by topic experts and sharing of experiences

16:00-16:30 (GMT +2) – Questions and answers

Topics include

During this discussion forum, the following topics will be addressed:

  • Quality objectives that address the acceptance and continuance of client relationships and specific engagements
  • Quality objectives that address the performance of quality engagements
  • Examples of quality risks pertaining to the above quality objectives
  • Examples of responses pertaining to the above quality risks
  • Specified responses to address quality risks

Presenters

  • Tarina Els
  • Henk Heymans
  • Stephen Ntsoane
  • Michelle Vermeulen

Tarina Els is a Chartered Accountant (South Africa), Registered Auditor and a SAICA Registered Assessor. She has 20 years’ experience in public and private sector auditing and financial reporting, audit regulation, investigations, audit quality reviews, implementation of quality management systems, training office compliance and training. She is currently the Technical and training director at LEAF which provides firms with practical implementation assistance of quality management systems. She is also a member of SAICA’s Assurance Guidance Committee (AGC).

Henk Heymans is a Director at RSM South Africa Inc. Henk has consulted on, developed and implemented quality control systems for over 300 accounting practices. He is a member of SAICA’s Assurance Guidance Committee (AGC) and chairperson of RSM International’s Global Quality Committee. Henk is overseeing the quality control processes of the Southern African offices of RSM International as well as other countries e.g., Israel, Kuwait, etc

Stephen Ntsoane is the EY Africa Assurance Leader. As Africa Assurance Leader, Stephen leads the EY Africa Audit, Forensics and Financial Accounting Advisory Services and is a Member of the EY Africa Executive. He has 20 years’ professional services experience and has held multiple roles at EY spanning Audit, Consulting and Tax. He has served clients in multiple industries, including Financial Services, Government and Public Sector and Consumer Industries. Stephen is also the Chairperson of the SAICA Assurance Leaders Forum (ALF) and in this capacity also sits in the SAICA Senior Partners Forum. Stephen Is a Chartered Accountant (South Africa) and a Registered Auditor with the IRBA.

Michelle Vermeulen is a Chartered Accountant (SA) with a master's degree in Financial Accounting. She was an Associate Director in Auditing at PwC until 2010 whereafter she joined Concor Engineering, a division of Murray & Roberts Construction (Pty) Ltd, as the Head of Finance. In 2013 and 2014 Michelle lectured Tax at the University of Johannesburg on a part time basis. From 2015 to 2021 she was employed by Monash South Africa (later renamed IIE MSA) -initially as Subject Head and Senior Lecturer in Corporate Governance and Auditing and later as the Programme Manager for its SAICA accredited undergraduate degrees. Michelle joined SAICA in 2021 as Project Manager: Assurance. She coordinates the activities of the SAICA Assurance Guidance Committee (AGC) Quality Management Implementation Initiative Task Group.

Dates and Venues

Date

13 June 2022

Venue

Webcast

How to Enrol

A ZOOM link will be sent to all individuals that have registered for the workshop.

Workshop 2: Governance and Leadership & Relevant Ethical Requirements

14:00-14:15 (GMT +2) – Introduction and welcoming of all participants and presenters

14:15-15:30 (GMT +2) – Presentations by topic experts and sharing of experiences

15:30-16:00 (GMT +2) – Questions and answers

Topics include

During this discussion forum, the following topics will be addressed:

  • Quality objectives that address the firm’s governance and leadership
  • Quality objectives that address the fulfillment of responsibilities in accordance with relevant ethical requirements
  • Examples of quality risks pertaining to the above quality objectives
  • Examples of responses pertaining to the above quality risks

Presenters

  • Annalien Carstens
  • Christel Pretorius

Annalien Carstens is an IFRS, IPSAS, GRAP and Auditing specialist. As managing director of Altimax for the past 20 years, she has led IFRS projects in about 50 listed entities and audit related initiatives for more than 50 audit firms. Annalien has performed engagement quality reviews since 2006. She also led various turnaround projects in all spheres of government, serving the Auditor General, National Treasury, various Provincial Treasuries, more than 170 SOEs, public entities and trading entities, almost 150 municipalities, 9 legislatures and near 40 provincial and national departments. Annalien was the author of leading academic publications; and authored articles in academic and subject-popular magazines; and presented at several conferences locally and abroad. She previously lectured in Accounting and Auditing at Rand Afrikaans University (now UJ) and served articles at Deloitte.

Jan Vliegenthart joined KPMG in 1988. With effect from November 2017, he assumed the role as the Country Risk Management partner and became a member of the Executive Committee of the firm responsible for the member firm’s compliance with all the quality and risk policies and procedures. He is a key stakeholder responsible for implementing ISQM for the firm and collaborating with his Global and Southern Africa counterparts on the ISQM journey. Prior to his quality and risk management role he was a director within KPMG’s Pretoria office for eighteen years, was an audit partner and the Head of KPMG’s Pretoria office and Audit business. He has worked on multi-national listed companies, and a wide range of other local and PFMA entities.

Christel Pretorius joined BDO as a trainee accountant in 2003 and since 2006 she has worked in the professional standards division. In 2009 she was promoted to partner. Christel has experience as the engagement partner on several listed and unlisted clients and has extensive experience in the mining sector. Christel is responsible for the implementation of the Quality Management Standards at her firm, and she is also a member of SAICA’s Assurance Guidance Committee (AGC).

Dates and Venues

Date

05 May 2022

Venue

Webcast

Workshop 2 documentation

Workshop 1: The Risk Assessment Process

14h00-14h05 – Introduction and welcoming of all membehttps://saica-web-pr-cms.azurewebsites.net/public/admin/entries/structuredPages/125472-isqm-discussion-forum#rs

14h05-14h45 – Presentations by Jeanne Viljoen, Juane Schreuder and Mari Baragwanath

14h45- 16h00 – Discussion by all participants

Topics include

During this discussion forum, the following topics will be addressed:

  • What are quality objectives and how do they interact with quality risks
  • Approaching a quality risk assessment
  • Performing a quality risk assessment process
  • Prioritising quality risks

Presenters

  • Jeanne Viljoen,
  • Juane Schreuder
  • Mari Baragwanath

Jeanne Viljoen - is a Senior Manager at Mazars in their Quality and Risk Management Department responsible for Non-Assurance Services. She joined Mazars from SAICA where she was the Project Director responsible for Ethics and Practices. Jeanne is currently the chair of the AGC Quality Management Implementation Initiative Task Group. She is also a Technical Advisor for the IFAC Small and Medium Practice Advisory Group since August 2018 and has been appointed as the Technical Advisor to Saadiya Adam for the International Ethics Standards Board for Accountants since February 2021.

Juané Schreuder - is an independent Audit Quality consultant and a past chairperson of the SAICA Assurance Guidance Committee. She has extensive experience in training Chartered Accountants through various roles, which include Quality Control Manager and Training and Development officer with firms in Cape Town.

Mari Baragwanath – has been a CA (SA) for the past 15 years. She is currently the Head of Quality Control in SNG Grant Thornton responsible for implementing ISQM for the firm and collaborating with Grant Thornton International on various webinars regarding the new standards on quality management. Previously Mari has been performing internal quality control reviews and firm level reviews at the AGSA for 12 years as a Quality Control Specialist.

Dates and Venues

Date

07 April 2022

Venue

Webcast

Workshop 1 documentation

Terms and Conditions

Any information provided or any views, opinions and comments (collectively the “Opinions”), expressed in this webcast, presentation, audio, video and/or on this platform (collectively the “Webcast”), or contained in any presentation notes, handouts and/or slides (“Notes”), are those of the speakers, presenters, authors and/or attendees, and do not reflect or represent the Opinions held by the South African Institute of Chartered Accountants NPO (“SAICA”). This Webcast is broadcasted, streamed, available on demand and/or provided to members, associates, attendees and/or any third party to facilitate discussions, raise awareness and/or provide additional information on the new and revised standards (ISQM 1, ISQM 2 and ISA 220 (Revised)) (collectively the “Standards”). Any information and/or Opinions contained in this Webcast or in any Notes in relation to the Standards do not constitute professional advice and should not be used or disseminated to any third party for such purposes.

By accessing, viewing and/or participating in this Webcast, members, associates, attendees and third parties hereby waive any rights to any claim of any nature whatsoever, which may arise out of the reliance on, or use of any information and/or Opinions contained in this Webcast or in any Notes, and further indemnifies SAICA against any claim of any nature whatsoever.

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