Content of Course

Stepping up from audit manager to Responsible Individual (R.I.) represents a significant shift in responsibility and mindset. New R.I.s must: 

• Set and determine the overall audit strategy, rather than simply executing a plan 
• Balance competing priorities such as client service, audit quality and efficiency 
• Make challenging decisions and professional judgements, and ensure these are fully and appropriately documented in the audit file 

This course is designed for individuals transitioning into the R.I. role for the first time. It is highly discussion based, encouraging participants to reflect on the challenges they anticipate (or have already encountered) and explore practical approaches to managing their new responsibilities. 

Topics covered include: 

• Understanding the competencies set out in IES 8 and the regulatory requirements of the R.I. application process 
• The responsibilities of an R.I. and how these differ from those of an audit manager 
• How to identify, assess and address key audit issues 
• Maintaining competence in practice, including meeting CPD requirements 
• Ensuring audit quality- common pitfalls and how to avoid them 
• Developing and managing your portfolio as an R.I.