2024 Auditing and Attestation Standards for CPAs: Spring Update (Completed)

Review new pronouncements, proposals, and issues from the AICPA's Auditing Standards Board (ASB) up to the date of the course. This course will inform participants of the latest issues from the ASB of the AICPA for private entities. New and revised audit standards, attestation standards, audit and attestation interpretations and other new pronouncements about auditing from the AICPA will be discussed. Any newly released auditing issues from the AICPA will be visited as deemed appropriate.

Who Should Attend
Professionals in public practice, business, industry, government, and education who deal with nonpublic entities and wish to stay current on professional standards.

Topics Covered

• Update on recent Auditing Standards Board SASs from the AICPA
• Update on recent Auditing Standards Board SSAEs from the AICPA
• Update on other related issues

Learning Objectives

• Recognize the auditing pronouncements that impact private companies from the ASB of the AICPA and to review other new audit releases that may affect the non-issuing entities
• Recognize any new auditing standards recently issued and to review some of the Auditing Standards that are substantive
• Recognize SASs superseding the existing requirements
• Recognize the statements regarding Statement of Quality Management Standards
• Identify correct statements with respect to AU-C Section 570
• Recognize which SSAE resulted in the completion of the AICPA ASB's Clarify Project
• Identify the date all clarified SASs became effective for audits of financial statements
• Recognize new elements with respect to a firm's system of quality management based on the new requirements of quality management (QM) standards

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Basic understanding of auditing standards.

Advance Preparation
None