PCAOB Talks Audit Committees

Learning Objectives

• To discover the reasons and trends concerning BDA and PCAOB that require posting these new guidelines.
• To identify the Top Ten areas that require strengthening between Audit Committee and the External auditors.
• To uncover practical advice that can help strengthen relationships.

Course Description

Are you concerned about audit quality within your organization? The Board of Directors Association (BDA) recently highlighted the need for improvement in this critical area. In response, the Public Company Accounting Oversight Board (PCAOB) has issued guidelines specifically tailored to Audit Committees, aiming to enhance their effectiveness in collaborating with external auditors.

This CPE Auditing Webinar is designed to equip attendees with the knowledge and practical steps needed to enhance the relationship between the Audit Committee and external auditors. We will delve into the PCAOB guidelines, providing valuable insights and strategies to strengthen this crucial partnership within your organization.

Major Topics Covered:

• Introduction to PCAOB
• Who is BDO?
• Audit committee responsibility
• 10 Areas
• Risk of fraud
• Risk assessment and internal controls
• Business strategy
• Auditing and accounting risk
• Role of the audit committee and accounting/audit risk
• Digital assets and related technology
• Role of AC in auditing digital assets
• PCAOB Release No. 2022-002 - Work of others
• Independence

Join this CPE webinar where industry expert Denise Cichella will guide you through the PCAOB guidelines and provide actionable steps to strengthen the Audit Committee-External Auditor relationship.

Overview

• Who is PCAOB?

  3 mins
• Risk of fraud

  16 mins
• Risk assessment and internal controls

  28 mins
• Role of Audit committee and Accounting/Audit risk

  41 mins
• Merger and acquisition activity

  54 mins
• Independence

  68 mins
• Cybersecurity

  72 mins