New Audit Report Standards

Alexander Buchholz, CPA, CGMA, MBA

PKF O'Connor Davies, LLP

  • CIA
  • CPA
  • CVA
  • IAP
  • QIAL

1 Credit


Subject Area


Webinar Qualifies For

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

1 CPE credit for Internal Audit Practitioner (IAP)

1 CPE credit for Certified Internal Auditors (CIA)

1 CPE credit of Auditing for all CPAs

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

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

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

The topic is also scheduled as live webinar on the following dates

May 17, 2021 | 01:30 PM EDT Register


  • Overview of Changed AU-C Sections
    5 mins
  • Changes to the Auditor's Report on Financial Statements
    11 mins
  • Illustration of the Auditor's Report: Not for Profit Entity
    22 mins
  • Communicating Key Audit Matters
    31 mins
  • Consideration of Going Concern
    41 mins

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 CPE 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?

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