AICPA Audit Quality Update and Quality Management Standards
Overview
This session will identify the progress of the AICPA Enhancing Audit Quality Initiative and evaluate whether audit quality is improving. Analyze the trends that are contributing to audit quality and recall the major issues identified and the related resources issued by the AICPA to improve practice quality. This session will also analyze the AICPA’s new Statements on Quality Management Standards (SQMS). It will identify the related implementation challenges and timing and evaluate the potential impact on peer review. Learn about AICPA resources for SQMS implementation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics that will be covered in this class include:
- Analysis of the AICPA's Enhancing Audit Quality Initiative
- Trends in audit quality
- Latest on the DOL's audit quality study
- Peer review findings and practice tips for achieving high practice quality
- AICPA's new SQMS - Overview, implementation considerations, timeline, and AICPA implementation resources
- PCAOB and IAASB quality management standards and the potential impact on AICPA standards
Prerequisites
None
Designed For
CPAs in public practice.
Objectives
After attending this presentation, you will be able to...
- Evaluate the AICPA's enhancing audit quality initiative and the AICPA's new SQMS
- Recall trends in the practice landscape
- Evaluate how AICPA's Enhancing Audit Quality Initiative is improving practice quality
- Identify SQMS implementation resources
Preparation
None
Notice
This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by CPA Crossings.
Leader(s):
- Allison Henry
Non-Member Price $119.00
Member Price $89.00