AICPA Auditing Standards Update and Review Webinar

This course enables practitioners to understand and apply the AICPA “clarification” auditing standards. Further, this course provides guidance on how to perform an effective, efficient and profitable audit engagement that is in compliance with the standards. Loaded with practical practice aids, this course enables participants to comply with the standards. Troublesome areas as identified in peer reviews and litigation will be covered. Participants who take this course will enjoy a smooth sailing in their peer reviews … guaranteed! 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 the presentations, attendees will be able to...

• Understand and implement the clarification auditing standards
• Be aware of common audit engagement deficiencies
• Make audit engagements more profitable
• Effectively oversee audits of their entities

Highlights
The major topics that will be covered in this class include:

• AICPA auditing standards issued during the 18-month period prior to the program
• The new SAS 134 audit reports
• How to fulfill responsibility to detect fraud under AU-C Section 240
• How to assess risk of material misstatements under AU-C Section 315
• How to help clients fulfill their responsibility to design, implement and maintain their internal controls
• Common deficiencies in audit engagements
• How to perform profitable audits