Current Audit Environment and ASB Activity
Overview
Understanding the current audit environment
You’ll explore the current audit environment, including the audit challenges triggered by the current environment. Additionally, you’ll do a comprehensive review of recent audit pronouncement and exposure drafts.
Topics you’ll cover include those critical to success in today’s rapidly changing regulatory environment, such as:
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