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Bold New SAS’s

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
  • CBA/MCBA
  • CFIRS
  • CWS

Published: March, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Forming an opinion on the financial statements
    9 mins
  • Reporting on financial statements
    19 mins
  • Management-imposed limitation
    33 mins
  • Audit of financial statements
    44 mins
  • System of quality control and role of the engagement teams
    57 mins
  • Understanding the entity and its environment
    80 mins

Course Description

This is an exciting time in the auditing and attestation space. Standards are changing to keep up with today’s business environment.

Sometimes it is a little difficult to keep up with the amendments in auditing standards issued by the Accounting Standards Board.

We have looked at what will be in effect in December 2021, and we’ve given you bird’s eye view of the latest changes coming very soon.

Major topics covered in this auditing CPE course:

  • SAS 141 - Amendment to the effective dates of SAS nos. 134–140.
  • AU-C Section 700 - Forming an opinion and reporting on financial statements.
  • AU-C Section 705- Modifications to the opinion in the independent auditor’s report.
  • AU-C Section 706- Emphasis-of-matter paragraphs.
  • AU-C Section 200- Overall objectives of the independent auditor and the conduct of an audit
  • AU-C Section 210- Terms of engagement
  • AU-C Section 220- Quality control for engagement
  • AU-C Section 230- Audit documentation
  • AU-C Section 240- Consideration of fraud in a financial statement audit
  • AU-C Section 260- Auditor’s communication with those charged with governance
  • AU-C Section 300- Planning an audit
  • AU-C Section 315- Understanding the entity and its environment and assessing the risks of material misstatement
  • AU-C Section 320- Materiality in planning and performing an audit
  • AU-C Section 330- Performing audit procedures in response to assessed risks
  • AU-C Section 450- Evaluation of misstatements identified during the audit
  • AU-C Section 510- Opening balances — initial audit engagements
  • AU-C Section 540- Auditing accounting estimates including fair value 
  • AU-C Section 600- Special Considerations — Audits of Group Financial Statements
  • AU-C Section 910- Financial statements prepared in accordance with a financial reporting framework generally accepted in another country

To set you up for success, we gathered all the valuable resources and information on these new auditing standards in one place. Subscribe for this auditing CPE webinar now!

Click here for more webinars on Accounting & Auditing | Certificate Course on Internal Auditing

Learning Objectives

  • To examine the background and scope of each standard.
  • To discuss the specific items targeted by each amendment.
  • To describe how to apply each amendment.
  • To determine the effect of the amendments.
  • To review additional disclosure requirements.

Recommended For

  • The CPE course is recommended for CPAs, CIAs, CGAPs, and Other Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities.

Who Should Attend?

  • Accounting and audit managers/practitioners
  • Accounting Practice Owners
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
  • 2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 2 CPE Credit for Internal Audit Practitioner (IAP)
  • 2 CPE Credit for Certified Government Auditing Professional (CGAP)
  • 2 CPE Credit of Auditing for Certified Management Accountants (CMA)
  • 2 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 2 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 2 CPE Credit for Certified Government Financial Manager (CGFM)
  • 2 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

 “Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

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