CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

SAS 134 - New AICPA Auditors Report

4.6 (29)

Melisa Galasso, CPA (US)

Galasso Learning Solutions

Tuesday, February 02, 2021 | 10:30 AM EDT

  • CIA
  • CPA (US)

1 Credit

$20

Subject Area

Auditing

Webinar Qualifies For

1 CPE credit of Auditing for all CPAs

1 CPE credit for Certified Internal Auditors (CIA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

passive activity loss limitations: working with the complex pal rules & real estate tax issues

(1)

Aug 02, 2021 | 09:00 AM EDT View Details

auditing remotely: using current technologies, techniques and methodologies to ensure proper audits during covid-19 pandemic

(1)

Aug 02, 2021 | 09:30 AM EDT View Details

corporate external financial reporting decisions

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

everything you need to know about partnerships

(2)

Aug 02, 2021 | 10:00 AM EDT View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(7)

Aug 02, 2021 | 10:00 AM EDT View Details

excel accountant: pivot tables for data analysis

(1)

Aug 02, 2021 | 10:00 AM EDT View Details

quickbooks: tricky & complex situations for advance learners

(31)

Aug 02, 2021 | 10:00 AM EDT View Details

12 powerful tax saving strategies for your small business owner clients

(6)

Aug 02, 2021 | 10:00 AM EDT View Details

fraud update - latest

(7)

Aug 02, 2021 | 11:00 AM EDT View Details

yellow book boot camp – introduction to nfp and governmental accounting & auditing

Aug 02, 2021 | 11:00 AM EDT View Details

best overview on individual tax updates latest (basic)

Aug 02, 2021 | 11:00 AM EDT View Details

cash and kids: momentum on child tax credit

Aug 02, 2021 | 11:00 AM EDT View Details

s corps: crucial insights: why you should pick s over c, traps in s corp qualification, and more

(3)

Aug 02, 2021 | 11:30 AM EDT View Details

merchant account nightmares: the shady world of credit card processing fees

(47)

Aug 02, 2021 | 12:00 PM EDT View Details

fraud/anti-corruption awareness, prevention and detection

(102)

Aug 02, 2021 | 12:00 PM EDT View Details

Course Description

The auditor’s report is getting a facelift. Following both the IAASB and PCAOB, the AICPA undertook a massive project to update the new report.  SAS No. 134, Auditor Reporting and Amendments, including amendments addressing disclosures in the Audit of Financial Statements makes major changes to the form and content of the non-issuing auditor’s report for non-issuing entities. 

This webinar will cover the new order of the report, changes to the presentation as well as introduce the concept of KAM. We’ll cover when KAM is required as well as what constitutes KAM.  This webinar will also address specific changes to the standards for the auditor’s responsibility in forming an opinion.  SAS 134 changes auditor reporting standards including a new AU-C Section 701, communicating key audit matters in the independent

Major Topics Covered :

  • SAS 134, Auditor Reporting and Amendments
  • AU-C 700
  • AU-C 701
  • Interaction with AU-C 705
  • Key Audit Matters (KAM)

This course is a must for auditors. The new report is effective for periods ending on or after December 15, 2020. This webinar is a must-attend for Auditors from small to large firms involved in the audit of private company financial statements.

Learning Objectives

  • To identify and list the changes to the auditor’s report
  • To recall the definition of Key Audit Matters (KAM)
  • To identify the Differences between AU-C sections and how they apply to the auditor's responsibilities
  • To identify how AU-C sections apply to financial statements
  • To identify how to implement the new and extensive audit report format, disclosures, and procedures

Who Should Attend?

  • Auditors
  • Compliance Officers
  • CPA (Industry)
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Testimonial

Array
(
    [no_of_record] => 29
    [average] => 4.6207
)
 

4.6

(29)
66%
31%
3%
0%
0%

WM

Webinar to be so much full of details that can easily be understood and applied. Melisa's experience and knowledge on these topics was quite impressive which you have poured into your presentation. I am happy I attended your webinar.

RS

Very informative presentation. This webinar was amazing. Melisa provided a lot of information in a very organized manner. I can use this information for myself or my colleague.

PB

Ms.Melisa is an excellent speaker who gave an informative overview of AU-C 700 & AU-C 701. She pointed us to great resources so we can provide advice to our clients.

JG

I found the webinar very informative and covered many points with enough detail to understand the important points of key audit matters and SAS - 134