New Audit Report Standards

4.5 (579)

Alexander Buchholz, CGMA

PKF O'Connor Davies, LLP

Tuesday, March 02, 2021 | 03:00 PM EST

  • CIA
  • CPA
  • CVA
  • IAP
  • QIAL

1 CPE

FREE

Subject Area

Auditing

Webinar Qualifies For

1 CPE credit for Certified Internal Auditors (CIA)

1 CPE credit of Auditing for all CPAs

1 CPE credit for Internal Audit Practitioner (IAP)

1 CPE credit for Qualification in Internal Audit Leadership (QIAL)

1 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

The auditor’s report is the key deliverable communicating the results of the audit process. Every auditor wants to know three things in particular:  

  • How to improve their realizations
  • How to improve their audit quality
  • How to better serve their client 

This webinar explains the new standards, as well as prepares auditors to implement the new audit report standards. Further, the webinar discusses critical concepts related to applying the new audit reports that includes:

  • When the new standards are applicable
  • The types of engagements involved in new standards
  • The relationship between new audit report standard and other standards
  • Importance of being compliant with new audit reporting standard

New audits standards are intended to be more informative for the benefits of various stakeholders of business. They will provide relevant information that will result into better communication between them and auditor resulting into better decision making.

Learning Objectives

  • To get overview of Changed AU-C Sections
  • To identify Communications Impacted
  • To recognize changes to the Auditor’s Report on Financial Statements
  • To recall illustration of the Auditor’s Report: For-Profit Entity
  • To communicate Key Audit Matters as per new standards

Who Should Attend?

  • Bookkeeper
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Auditors
  • Young CPA
  • Entrepreneurial CPA
  • Accounting Practice Owners
  • Senior Accountant
  • Accounts Director
  • Accounting Managers
  • Staff of Accounting Firm

Testimonial

4.5

(579)
60%
32%
8%
1%
0%

HP

Great presenter.

BK

good learning experience

AA

Webinar was about explaining certain updates in audit standards with effect from mid December 2021 in particular of location of openion paragraph and it's basis in addition to several other details with effect on content and structure of external audit report. Thanks to the experienced and respected presenter.

AK

Fine learning experience to gather cpe

RB

Great webinar

PB

Excellent Webinar!