Audit Quality Update and Future of Audit Webinar
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Audit Quality Update and Future of Audit Webinar

CPE

When
Oct. 6
10:00 a.m. - 12:00 p.m.

CPE Credits
2-A&A

Details

 Pricing

PICPA Member: $79 | Nonmember: $104


 More Information

Course No.
PAAHAQU2
Level
Basic
Prerequisites
None
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

Discuss the progress of AICPA's Enhancing Audit Quality initiative. Evaluate whether or not audit quality is improving and look at the trends contributing to improved audit quality. Identify the major issues coming to light as a result of the initiative and the related resources issued by the AICPA to improve practice quality. Review AICPA's Auditing Standards Board project on Quality Management Standards that is expected to significantly overhaul firm quality control systems. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

After attending this presentation you will be able to...

  • Identify trends in audit quality and how the AICPA's Enhancing Audit Quality initiative is improving practice quality by identifying challenges, providing training and remediation, and releasing free resources.
  • Identify the significant changes proposed in the AICPA's new Quality Management Standards.
  • Recall practice tips to improve audit quality.

Highlights

The major topics covered in this class include:

  • Update on AICPA's Enhancing Audit Quality initiative.
  • Trends in audit quality, the biggest audit quality challenges.
  • AICPA's proposed Quality Management Standards.
  • Issues and tips for achieving high-quality engagements.


Speaker(s)

Allison M. Henry, CPA
Vice President, Professional & Technical Standards
PICPA

Allison is presently the Vice President - Professional & Technical Standards for Pennsylvania Institute of CPA’s (PICPA) where she is responsible for overseeing the administration of the AICPA’s Peer Review Program in Pennsylvania, Delaware, and the Virgin Islands. She also administers PICPA’s Joint Ethics Enforcement Program with the AICPA, and serves as the technical staff liaison to seven state-wide committees and two newly-created task forces; specifically, the Peer Review, Professional Ethics, Accounting and Auditing Procedures, Forensic and Litigation Services, Business Valuation, Not-for-Profit and Employee Benefit Plan Committees and the Healthcare Reform and Marcellus Shale Task Forces. In addition, she fields technical inquiries, writes columns for the CPA Journal and Pursuit publications, provides technical updates at PICPA chapter events, and assists in writing responses to technical exposure drafts.

Allison has been in the profession for about twenty years, including twelve years in public accounting and over eight years with PICPA. Her public accounting experience consists of several years as senior manager with a regional accounting firm and nine years at Deloitte & Touche, LLP, where she worked in their assurance and advisory services group. Her diverse client service experience includes many not-for-profit, healthcare, and world relief organizations, as well as small and large manufacturing, distribution, and other service-oriented entities. She has also served as the designated employee benefits specialist. Prior to her experience with Deloitte, she spent four years in internal accounting positions including the Department of Defense, while her husband was serving on active duty with the U.S. Army.

Allison is a graduate of Washington University in St. Louis and holds an accounting equivalency from the University of Arkansas in Little Rock. She is a member of the Pennsylvania Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. She is also a member of Washington Crossing United Methodist Church, where she serves on the financial accountability team, and volunteers for the children’s ministry. She is a native of St. Louis, Mo. and is an avid runner.


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