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Why Audits Go Wrong

Audits rarely fail because of a lack of technical standards — they fail because of judgement errors, weak scepticism, poor risk assessment, and breakdowns in execution. When audits go wrong, the consequences are significant: reputational damage, regulatory scrutiny, litigation exposure, and loss of public trust.

This practical 90-minute webinar examines why audit failures continue to occur despite increasingly detailed auditing standards and enhanced regulatory oversight. Drawing on real-world inspection findings and high-profile collapses, we explore the common patterns that sit behind audit deficiencies and what practitioners can do to avoid them.

Key Topics Covered:

• Common root causes of audit failures;
• Weak risk assessment and over-reliance on management;
• Inadequate professional scepticism and judgement bias;
• Documentation deficiencies and execution gaps; and
• Regulatory findings — recurring themes and how to respond.

Who Should Attend:
Auditors, engagement partners, audit managers, quality reviewers, and finance professionals seeking to strengthen audit quality and reduce engagement risk.

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