Surgent's Annual Auditing Update

Overview

Designed for accounting, audit, and attestation practitioners at all levels in both public accounting and business and industry, this course provides an overview of the recent pronouncements and guidance issued by the AICPA related to audit and attest standards, including a discussion of SAS 142, effective for 2022 audits, and SASs 143-145, effective for 2023 audits. The course also covers recent activity by the AICPA’s Professional Ethics Executive Committee related to the AICPA’s Code of Professional Conduct, as well as proposed updates to the AICPA’s quality management standards. Lastly, the course will provide an update on the status of the AICPA’s enhancing engagement quality initiatives. The course is a one-stop shop to get you up to speed on recently issued AICPA guidance.

Highlights

• AICPA hot topics and standard setting initiatives
• Discussion of new standard on audit evidence, SAS 142, effective for years ended December 31, 2022
• Discussion of new standards on auditing accounting estimates, use of specialists, and the risk assessment process, SASs 143–145, effective for years ended December 31, 2023
• Recent updates to the AICPA’s Code of Professional Conduct
• Recently issued or proposed updates to other AICPA professional guidance

Prerequisites

None

Designed For

Accounting and attestation practitioners at all levels in both public accounting and private industry

Objectives

• Identify and understand the requirements of recently issued SASs
• Recall the key provisions of Code of Conduct updates
• Identify key elements of the AICPA’s new guidance on quality management
• Develop implementation tips and best practices related to these new standards
• Implement best practices for enhancing engagement quality

Preparation

None

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education. The course expires one year from the purchase date. Format = text only download.