10.00 - 10.15           Registration and Refreshments
                                               
10.15 – 10.20          Introduction and welcome
                                Martyn Jones

10.20 –11.00           Background
                                Panel: John Kellas and Jon Grant

Genesis of the clarity project, the key drivers and what it is intended to achieve

• ISA 200 Overall objectives of the independent auditor and the conduct of an audit in accordance with International Standards on Auditing and
• ISA 230 Audit documentation

11.00 – 12.30          Major changes in ISAs 1

Panel: Diana Hillier, John Kellas, Jon Grant  

Revised:

• ISA 260 Communication with those charged with governance
• ISA 265 Communicating deficiencies in internal control to those charged with governance and management
• ISA 600 Special considerations - audits of group financial statements (including the work of component auditors
• ISA 540 Auditing, accounting estimates, including fair value accounting estimates, and related disclosures

12.30 – 13.15          Lunch

13.15 – 14.45          Major changes in ISAs 2

Panel: Jon Grant, Diana Hillier

• ISA 210 Agreeing the terms of audit engagements
• ISA 580 Written representations
• ISA 320 Materiality in planning and performing an audit
• ISA 450 Evaluation of misstatementsidentified during the audit
• ISA 550 Related parties
• Reporting in the UK 

14.45 – 15.15          Documentation and issues relating to SMEs

                                Panel: Jon Grant and Keith Billing

• PN 26 Guidance for smaller entity audit documentation

15.15 – 15.40           Break

15.40 – 16.30          The key challenges ahead

Panel: Chair - Susan Field, Lesley Clarke, Trevor Smith, Sha Ali Khan, Peter Hollis

• Proportionality, PN 26 and objectives driven auditing
• Timetables, and the practical issues for managing the Implementation of clarified ISAs by training and methodology providers

16.30 – 16.50          Closing remarks

Martyn Jones