Description

This course covers recently issued standards from the AICPA Auditing Standards Board and AICPA Accounting and Review Services Committee including the new Quality Management Standards. The session will highlight projects in progress at the Public Company Accounting Oversight Board, and International Auditing and Assurance Standards Board. The course will also recap recent changes and present common peer review findings and best practices to improve practice quality.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Instructor: Allison M. Henry, CPA, CGMA

Target Audience

Members in public

Course Objectives

After attending this presentation, you will be able to...Recall the most recent changes in auditing, reviews, compilations and other attestation engagementsApply practice tips for achieving high quality engagements. Recognize updates on enhancing audit quality Analyze AICPA’s new Quality Management Standards Recognize trends in the practice landscape, how AICPA’s Enhancing Audit Quality Initiative is improving practice qualityRecall SQMS implementation resources.

Subjects

The major topics that will be covered in this course include:AICPA Accounting and Review Services Committee standards update and new practice aidAICPA Auditing Standards Board standards update including recent changes to the audit and attestation standardsAICPA’s new Quality Management Standards - Overview, implementation considerations, timeline, and AICPA implementation resourcesPCAOB, IAASB standard-setting agenda and potential future AICPA ASB standards changesUpdate on AICPA’s Enhancing Audit Quality InitiativeTrends in audit quality including the DOL’s audit quality studyFrequent peer review findings and practice tips for achieving high practice qualityLatest on the DOL’s audit quality study