This course will enable practitioners to understand and apply the AICPA "clarification" auditing standards to audits of Small- and Medium-Sized Entities (SMEs). Further, this course will provide guidance on how to perform an effective, efficient and profitable audit engagement. The course is loaded with practical practice aids to help enable 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 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 this presentation, you will be able to...
- Recall the fundamental principles of AI and its applications in marketing.
- Leverage AI tools and technologies to enhance marketing campaigns.
Identify specific applications for AI in accounting, auditing, tax and advisory services
Recognize the potential to leverage AI technology to reduce costs and increase revenue
Implement AI tools to transform business ideas into marketable digital products
Create professional audio-visual content using AI-powered platforms
Analyze the essential privacy, security, and compliance considerations when working with Generative AI technologies.
Identify best practices for secure data sharing with GPT models.
Find and Automate the Right Tasks: spot tasks and processes that can be automated, using the latest tech to make your business more efficient and free up valuable time.
Use Outsourcing to Grow: choose the right outsourcing opportunities that fit your business needs, tap into specialized skills while keeping costs down.
Identify key features of Copilot in Excel and their applications in data analysis.
Distinguish between traditional Excel workflows and AI-enhanced capabilities.
Major Topics
The major topics that will be covered in this class include:
- Analysis of the ''Preparation of Financial Statements'' standards as amended by SSARS 26 with detailed implementation guidance.
- Analysis of the ''Compilation'' standards as amended by SSARS 26 with implementation guidance.
- Analysis of the ''Review'' standards as amended by SSARS 26 with detailed implementation guidance.
- Common mistakes made in SSARS engagements as identified in peer reviews and in litigation.
