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.
Learning Objectives
After completing this course, you will be able to:
- Identify the most recent FASB accounting and financial statement reporting standards.
Major Topics
The major topics covered in this class include:
- Basic requirements included in AR-C Section 60, General Principles; AR-C Section 70, Preparation of Financial Statements; AR-C Section 80, Compilation Engagements; and AR-C Section 90, Review of Financial Statements.
- New requirements included in SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
- Common peer review findings.
- Practice tips for high-quality engagements.
