Walter Haig's AICPA Auditing Standards Update
Overview
This course will enable practitioners to understand and apply the AICPA “clarification” auditing standards to audits of Small- and Medium-Sized Entities (SMEs). Further, this course will provide guidance on how to perform an effective, efficient and profitable audit engagement. The course is loaded with practical practice aids to help enable participants to comply with the standards. Troublesome areas as identified in peer reviews and litigation will be covered. Participants who take this course will enjoy smooth sailing in their peer reviews, guaranteed!
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Delivery Method: Individual webcast
CPE Credit: Auditing
Program Level: Intermediate
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by CPA Crossings.
Highlights
The major topics that will be covered in this class include:
- AICPA auditing standards issued during the 18-month period prior to the program that impact audits of Small- and Medium- sized entities (SMEs)
- The new SAS 145 risk assessment requirements
- The new SAS 134 as amended audit reports
- How to fulfill responsibility to detect fraud under AU-C Section 240
- How to help clients design, implement and maintain their internal controls
- Troublesome areas in the audits of Small- and Medium-sized Entities (SMEs) as identified in peer reviews and litigation
- How to perform profitable audits of Small- and medium-Sized Entities (SMEs)
Prerequisites
None
Designed For
This course is designed for practitioners in public practice who must understand and implement the clarification auditing standards, need to be aware of common audit engagement deficiencies and responsible for profitable audit engagements. Also, for internal accountants who oversee the audit.
Objectives
After attending this presentation you will be able to...
- Identify the key changes in recently issued AICPA auditing standards
- Recognize common audit deficiencies as identified in peer reviews
- Distinguish common audit deficiencies as identified in lawsuits centered on audit engagements
Preparation
None
Leader(s):
Leader Bios
Walter Haig II, Principal, Whitestone Enterprises, Inc.
Walter J. Haig II, CPA, owns his own CPA firm in Creston, Wash. He has extensive experience in auditing, accounting and advisory services and family-owned businesses. He is also a highly regarded consultant in cases involving accountant’s malpractice. Walter lectures nationally in the areas of auditing, accounting, compilation and review services, personal financial statements, forecasts and projections and personal financial planning. His skills as an instructor have won him the American Institute of CPAs (AICPA) “Outstanding Discussion Leader Award” five times and the Washington Society of CPAs (WSCPA) “Highest Rated Instructor Award” six times. The WSCPA “Discussion Leader of the Year Award” was named in his honor in 1990. Walter is the author of 10 highly rated continuing professional education courses that are being utilized on a national basis. He has served on various AICPA and WSCPA task forces and committees in the areas of auditing, personal financial planning and continuing education.
Non-Member Price $309.00
Member Price $309.00