auditqualitymatters 

The world is changing. Global competition has never been more intense, clients are more demanding and technology offers new ways of working. The knowledge base of the audit profession and of the sectors in which they operate has also increased. With such changes come new opportunities; new clients, new markets, new areas of practice and new methods of working. Above all such changes demand new knowledge, new skills and increasingly a commitment to lifelong professional learning.

For many auditors this commitment to lifelong learning is manifested by an active involvement in Continuing Professional Education(CPE) in large groups. However more leaner and meaner organsiations are really going for CPE that suits their business process. This commitment to CPE is growing in significance as an increasing number of auditors recognise the benefits of adopting a more planned and structured approach to professional development. Not only is it important to keep up-to-date and know what, but also to know why and how to deal with a new professional or technical issue, relevant to their business context. Indeed in the knowledge intensive world of the audit profession, some have argued that the only real source of sustainable competitive advantage is the ability to learn faster than others. All professionals are expected, to a much greater extent than in the past, to be both technically competent and managerially capable.

Compass approach

Each course format is tailored according to the specific needs of the practice. Compass provides high quality training to the accountancy and audit profession at unbeatable value and flexibility. This training can be organised in your office providing hands-on technical expertise for all members and staff at your practice.

Course Format

Each course format is tailored according to the specific needs of the practice.

Venue

One may wish to carry out these courses within the office of the practice or arrange with COMPASS on potential venues. 

Duration

This training initiative may take place over one day or as agreed with the auditor.

CPE

These courses will be accredited by the Malta Institute of Accountants for structured CPE hours in accordance with the Malta Institute of Accountants CPE Accreditation Regulations issued on 6 February 2007.

Download MIA, CPE Accreditation Regulations

^{Renzo Farrugia is recognised by the Malta Institute of Accountants to provide audit support services.}