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JUSTIN REID, GAAS AND PROFESSIONAL ETHICS EXPERT

Associate of the GAAP Consulting Network

Justin Reid B. Comm, CA, joined GAAP Consulting in April 2008 and heads the GAAS and Ethical Standards team. Justin specialises in providing services to auditing profession (i.e., accounting firms, auditor-generals, and accounting bodies). The services include training, quality assurance development and review, and advice. Justin specialises in Caseware training for partners and staff.

Justin Reid has extensive experience in advising on audit, assurance and ethical standards. This experience has been gained working within professional accounting firms as well as within industry across both the private and public sectors. He has recently provided a wide variety of consulting services in the areas of audit, quality assurance and ethical standards.

Immediately prior to joining GAAP Consulting, Justin was Professional Standards and Quality Control Manager for the WHK Group. As part of his role at WHK, Justin provided extensive professional development training for staff on auditing and professional standards. He also developed quality control and independence policies and procedures; and advised principals and staff on their day-to-day application.

Since beginning his career with Moore Stephens (Hughes Fincher) in 1994, Justin has performed a variety of roles and provided a diverse range of professional services to clients. Justin thrives on presenting professional development training to audit & assurance staff and brings to GAAP Consulting a wide variety of skills from which clients can benefit.

QUALIFICATIONS

  • Bachelor of Commerce (Deakin University)
  • The Institute of Chartered Accountants in Australia

EXPERIENCE

Over 14 years experience in audit, assurance and practice management, including:

  • Quality Control System design and implementation
  • Performance of QA reviews
  • Interpretation and advice on auditing standards and professional independence situations
  • Consulted, implemented and trained on audit software – CaseWare Working Papers, and
  • Developed and delivered training on audit and assurance standards, professional ethics and quality control.

RECENT CONSULTING ENGAGEMENTS

Training

  • ‘Auditing NFP’s Effectively’ for the ICAA
  • APES 320 ‘Quality Control for Firms’ to accounting firms
  • ‘Preparing for an ASIC Inspection’ to accounting firms
  • ‘CaseWare Working Papers’ to mid-tier network firm
  • ‘Auditing Update’ session for the ICAA
  • ‘Preparing for an Audit’ for the National Institute of Accountants
  • Presentation of ‘Audit Update’ session for mid-tier network firm audit staff
  • ‘Auditing SME’s’ for CPA Australia
  • ‘Auditing Fair Value’ for national network firm

Quality Assurance Reviews

  • Performance of quality assurance reviews on engagement files for mid-tier audit practices

Quality Assurance Policy and Development

  • Provision of consulting audit services for an agent of a state Auditor-General’s Office
  • Review and re-drafting of ‘Governance and Auditing Standards Framework’ for a national audit practice
  • Review and re-drafting of independence manual for a mid-tier national network firm

CaseWare

  • Providing ongoing content and professional consulting services to the providers of CaseWare Working Papers

GAAS Advisory

  • Provision of advice on independence for mid-tier accounting firms

Other

  • Preparation and presentation of interview for Television Education Network on ‘SMSF Competency Standards’

PREVIOUS SENIOR POSITIONS HELD

  • Professional Standards and Quality Control Manager, WHK Group Ltd
  • Financial Accountant, WHK Group Ltd
  • Senior Audit Manager, WHK Day Nielson
  • Senior Audit Manager, Moore Stephens
  • Finance & Business Manager, Harwood Andrews

CLIENT PORTFOLIO

The Institute of Chartered Accountants in Australia

  • National Institute of Accountants
  • Task Technology Pty Ltd (distributors of CaseWare)
  • Australasian Council of Auditors-General
  • RSM Bird Cameron
  • HLB Mann Judd
  • Sothertons
  • McLean Delmo
  • Hall Chadwick, and
  • Nexia Court

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