Regulatory Concerns - Provisions, Estimates and Judgements

This series of short live streamed modules will focus on topical issues of concern for the regulators, this module looking at provisions, estimates and judgements.

Audit monitoring bodies often flag weakness in the application of professional scepticism, with shortfalls in audit work around provisions, estimates and judgements being common contributing factor.

This course will focus on: 

• A reminder of the relevant accounting requirements
• What regulators are saying regarding provisions, estimates and judgements
• Common weaknesses found on Mercia reviews
• Practical tips to overcome these