Seminar on quality assurance

The Institute of Chartered Accountants of Sri Lanka (ICASL) will hold a discussion on quality assurance on Audit quality monitoring towards compliance with International Standards of Quality Control one (ISQC1).

This presentation would be the right opportunity for representatives of accounting firms, practicing accountants of the audit faculty, regulators and representatives of industry and financial groups to broaden their spectrum of knowledge on the latest developments on quality assurance which would be applicable in their respective fields of work. Quality assurance can be identified as a vitally important aspect of modern day professional services, and this presentation has been organized with the prime aim of sharing the theoretical and globally practiced methods on quality control with our local professionals.

This presentation would articulate broadly the concept of ISQC1 its local variations, recognizing significant audit quality risks and deficiencies identifying and evaluating them with the knowledge of facing them appropriately with an overview of global quality monitoring programs. This presentation will be made by an international expert in the field of quality assurance, Partner - Global Risk and Compliance at KPMG International Tony Banton.

Prior to being appointed to his present designation Banton gained extensive international experience by being the regional quality performance liaison partner for KPMG's Europe, Middle East, Africa and South Asia regions, and is rich with practical exposure in the field.

He is based in France and supervises a team in Toronto and spends part of his time performing Global Compliance Reviews in KPMG member firms.

After the presentation there would be a panel discussion to which eminent personalities of ICASL would participate and would provide room to discuss the roses and thorns of modern day issues pertaining to quality assurance.

The presentation will be held on September 9 at the ICASL premises and many finance professionals dealing with quality assurance services are expected to attend the event.