Elon Musk, Twitter and Due Diligence
What is the normal due diligence process? What value to assurance providers add? And how did Elon Musk's $44bn offer for Twitter fail to follow this process? Find out in this edition of the audit cast.
August 04, 2022
Audit fines and quality control
KPMG, PwC and Deloitte have all been fined by the FRC recently for audit failings. In this edition of the audit cast, Ben discusses these cases and the implications for audit quality control, a key examinable topic.
June 13, 2022
How to score 81% in AAA
Michael Baker, a top performing ACCA student (who scored 81% in the AAA exam), shares his top tips for AAA success
April 29, 2022
Work life balance and the auditor
Big 4 audit partner Andy and I discuss how work life balance is changing in the modern UK audit environment.
April 11, 2022
Remote exams or traditional?
I'm joined by SBR expert tutor Tom Clendon to discuss making the right choice - sitting exams remotely or taking the traditional in centre option.
February 15, 2022
Interest rates and impairment reviews
Ben discusses how rising interest rates can trigger / impact an impairment review, and the challenges this can pose for the auditor
February 04, 2022
UK or INT version of ACCA AAA and SBR?
I'm joined by Tom Clendon, expert SBR tutor, to give you the facts you need to make an informed choice
December 28, 2021
Money laundering and Natwest bank
Money laundering.....taking dodgy, illegally acquired funds and 'washing' them clean using the financial system. Natwest bank was recently fined £297m for its role in the money laundering activities of Fowler Oldfield, a UK jewellery firm. In this edition of the podcast, Ben discusses the case and uses it to illustrate the 3 phases of money laundering.
December 14, 2021
Prizewinner special edition
Sarah Salman, AAA prize winner for Qatar at the 2021 exam sitting, gives her top tips on how to maximise your chances of passing the AAA exam.
November 16, 2021
Tesco and the modern audit report
Audit reports are regularly tested in AAA. In this edition of the auditcast, Ben uses Tesco's 2021 auditor's report to bring this dry topic area to life! You can access the audit report here (it starts on page 102) https://www.tescoplc.com/media/757589/tesco_annual_report_2021.pdf
October 13, 2021
Climate change and reporting
Reporting on climate change is a hot topic, particularly with the COP26 summit around the corner. Ben is joined by Tom Clendon, expert SBR tutor, to discuss the reporting rules as they currently stand and how companies are currently reporting. Ben then discusses the challenges for auditors in this area.
September 24, 2021
Current issues special edition
Big 4 audit partner Andy and I discuss current issues relevant to the AAA exam.....auditing in a pandemic, high profile audit failures, non audit services, data analytics, ISA 315 revised and professional scepticism. Its a long one at 17 minutes but loads of great content to help you prepare for the exam.
August 17, 2021
Fintech and due diligence
What is fintech? Why have there been so many fintech transactions in the first half of 2021? And what due diligence work will auditors perform on these transactions? Ben answers these questions in this edition of the audit cast.
July 26, 2021
Virus variants and data analytics
Data analytics have been used to drive governments' responses to the COVID-19 pandemic. Real time data over the emergence of new variants and their spread has helped to drive decision making over local lockdowns and vaccine rollouts. In this podcast, Ben discusses how auditors can make use of data analytics when planning and performing audits.
July 05, 2021
Inflation and the audit report
Inflation (prices rising over time) can cause going concern issues for a company, particularly if they are debt financed. In this episode of the audit cast, Ben explores how rising inflation rates can impact the audit report.
May 19, 2021
Warren Buffett and corporate governance
Warren Buffett's investment fund, Berkshire Hathaway, has earned huge returns for investors over the last 50 years. However, standards of corporate governance at the company are weak. In this edition of the audit cast, Ben re-caps key principles of corporate governance that are relevant for the AAA exam, using Berkshire Hathaway as a case study.
May 11, 2021
Home working and internal controls
The home working revolution of 2020/21 has dramatically impacted many workers. Internal controls have had to adapt to allow workers access to confidential information when working remotely. How has this impacted auditors?
April 27, 2021
Cryptocurrency, classification and subsequent events
Bitcoin and other cryptocurrencies are becoming more mainstream. In this podcast, Ben discusses challenges for the auditor around classifying bitcoin in financial statements and potential subsequent events.
April 15, 2021
COVID 19 and going concern
Auditing going concern during a global pandemic is a real challenge! Ben discusses the audit tests that should be performed and potential impacts on the auditor's report.
April 12, 2021
Ever Given, inventory, provisions and revenue recognition
What were the audit implications of the Ever Given container ship blocking the Suez canal? Ben discusses how inventory, provisions and revenue recognition could be impacted.
April 07, 2021