Current Audit Environment and ASB Activity
Overview
Recent pronouncements from the Auditing Standards Board are covered so you can be up to date on its activities and understand how to apply the guidance.
Highlights
Prerequisites
Accounting professionals with audit experience
Designed For
CPAs
Objectives
- Determine the importance of obtaining a sufficient understanding of the client and the client's environment to effectively plan the audit in response to the risk of material misstatement.
- Determine how the key economic trends currently affecting U.S. businesses affect the auditor in assessing the risk of material misstatement.
- Identify the key risk issues determined by executives and unique challenges for audit engagements.
- Identify key elements of recent Statements on Auditing Standards (SASs).
- Identify the auditor's responsibilities relating to fraud in an audit of financial statements.
- Recognize key provisions from recently issued Technical Questions and Answers.
- Distinguish key elements included in the recently issued Statements on Quality Management Standard (SQMS) No. 1,
- A Firm's System of Quality Management
- , SQMS No. 2,
- Engagement Quality Reviews
- , and SQMS No. 3,
- Amendments to QM Sections 10
- , A Firm's System of Quality Management,
- and 20
- , Engagement Quality Reviews.
- Identify key elements of Statement on Standards for Accounting and Review Services (SSARS) No. 26,
- Quality Management for an Engagement Conducted in Accordance With Statements on Standards for Accounting and Review Services
- .
- Identify key elements of Statement on Standards for Attestation Engagements (SSAE) No. 23,
- Amendments to the Attestation Standards for Consistency With the Issuance of AICPA Standards on Quality Management.
Non-Member Price $119.00
Member Price $99.00