Getting SASsy - A Look at Recent Auditing Standards

Many entities look to their CPA as a trusted advisor when tackling complex accounting topics. This is more relevant now than ever. The FASB's big three accounting pronouncements involving revenue recognition, leasing and credit losses have placed a magnifying glass on this reality. Practitioners need to exercise caution to ensure they maintain independence as they assist their review and audit clients with such matters, as well as with compilation engagements. This course addresses these issues and explores best practices and guidance provided by the AICPA's Code of Professional Conduct.

Learning Objectives

Develop an appreciation for public-company audit report changes that have been implemented
Begin to understand changes that will soon affect private-company audit reports
Become aware of other major auditing standards that might affect your organization.

Major Topics

Revised audit report layout
Various auditing standards that will soon be effective
Selected-procedures engagements and other attestation developments

CPE Credits Available

1 CPE

1: Accounting & Auditing

Things to Know About This Course

Course Level

Intermediate

Prerequisites

A basic knowledge of generally accepted auditing standards (GAAS)

Advanced Preparation

None

Intended Audience

Public accountants who perform audits or employees of organizations who are subject to audits

Provider

ACPEN