In a rapidly changing economy this update is a significant tool needed to keep informed about emerging and current auditing and attestation guidance. Participants who attend this update will learn about issued and proposed guidance from the American Institute of Certified Public Accountants (AICPA) and the Public Company Accounting Oversight Board (PCAOB).
Learning Objectives
Upon completion of this course, you will be able to: • Recognize recently issued and effective auditing and attestations standards issued by the AICPA and PCAOB, including SAS Nos. 143 – 149; changes to risk assessment and the quality management standards.
• Recall frequent peer review deficiencies identified in the most recent AICPA’s Peer Review Oversight Report, including single audit and ERISA deficiencies
• Recall proposed guidance.
Major Topics
Learn about the AICPA’s recently issued Statements on Auditing Standards (SASs) Nos. 143 – 149, including the changes to risk assessment. Understand the impact the quality management standards will have on an accounting practice. Know the types of projects on the PCAOB’s agenda.