Published: January, 2022
Sometimes it is a little difficult to keep up with the amendments in auditing standards issued by the Accounting Standards Board.
The AICPA Auditing Standards Board (ASB) issued two new Statements on Auditing Standards (SAS) that focus on audit evidence and accounting estimates: SAS No. 142, Audit Evidence, and SAS No. 143, Auditing Accounting Estimates and Related Disclosures. These new standards will impact both management and the auditor, as SAS No. 142 relates to the type, extent, and quality of support the auditor will be requesting as audit evidence, while SAS No. 143 relates to the approach the auditor will take in auditing accounting estimates in an increasingly uncertain economic period.
In this CPE course we will review new pronouncements from the AICPA’s Auditing Standards Board (ASB). This CPE webinar will inform participants of the latest issues from the ASB and the AICPA including implementation issues with new effective dates. New and revised audit standards, attestation standards, and other new pronouncements about auditing will be discussed. The impact of the Corona Virus and the revised auditing standards resulting from COVID-19 will be examined for current application. Any newly released auditing issues will be visited. In this CPE course we’ve also looked at the major audit issues related to SAS 141, SAS 142, and SAS 143.
We’re are going to give you an overview of the latest important changes by covering the following Major Topics:
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.