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HKICPA ForensIG E-learning webinar - Narrowing the audit expectation gap in relation to fraud and going concern (22 Jan 2021)

6 Jan 2021 10:33 AM | Anonymous

The next event organised by the HKICPA ForensIG will be a panel discussion held on 22 January, 2021, at which experienced forensic, audit and legal practitioners, will consider the International Auditing and Assurance Standards Board (IAASB)’s recently-issued discussion paper on issues and challenges relating to the gap between what users of the financial statements expect and the realities of the financial statement audit.

The discussion will cover:

  • What are possible ways to narrow the gap?
  • Should forensic accountants be engaged to help narrow the expectation gap and would there be any potential implications for auditors’ liability?
  • Should more communication and education be directed at shareholders/ investors? Should they even be engaged during the audit planning stage?
  • Should the current standards/ regulations be amended?
  • Introduction of the paper
  • Elements of the audit expectation gap, including the knowledge gap, in terms of the expected role of auditors, the performance gap between work done and requirements, and the evolution gap, i.e., how audit needs to continue to develop.
  • Which parties should assume responsibilities regarding fraud and going concern? Management, audit committees, auditors or regulators?

Online enrollment will be closed by 19 January 2021 and event details as below:


Friday, 22 January 2021


1:00 p.m. - 2:00 p.m. 


Paul Lau

Chair, Auditing and Assurance Standards Committee, and Head of Professional Practice and Capital Markets, KPMG


Stephen Law

Council Member of Hong Kong Independent Non-Executive Director Association & the Chairman of its Corporate Governance Committee


Desmond CL Yu

Partner, Dispute Resolution and Regulatory, MinterEllison


Chris Fordham

Member, ForensIG Management Committee, and Managing Director, Disputes and Investigations, Alvarez & Marsal


More to come……


Guy Norman

Convenor, ForensIG Management Committee, and Partner, Forensic & Dispute Services, Deloitte & Touche Financial Advisory Services




Betsy Liang (betsyliang@hkicpa.org.hk)

Ki Wong (wkwong@hkicpa.org.hk)

After successful registration, the meeting URL and login password will be provided nearer the event date.
For the latest advice, guidance and other updates, from the Institute, regulators and other bodies, please visit our regularly-updated COVID-19 – CPA Information Centre webpage.

Please see the event flyer for further details and registration.

ACFE members can enjoy discounted rate.

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