Update on the AICPA's Enhancing Audit Quality Initiative

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Course Description
Course Qualification
Presenter
Faq

Course Description

Overview

Enhancing audit quality (EAQ) intiative

1 mins
Changes in firm practices

9 mins
COVID-19 audit risk

24 mins
Noncompliance with laws and regulations (NOCLAR)

35 mins
Assessing the control environment

48 mins
Confirm client's work authentic

72 mins
Objective of quality control system

85 mins

Course Description

As business and regulatory environments evolve and become increasingly complex, the CPA profession’s commitment to performing quality audits becomes more essential than ever. Quality should be the primary focus of all engagements.

The AICPA’s Enhancing Audit Quality (EAQ) initiative is ongoing, with a purpose for improving audit quality in an increasingly complex world. Since initiating its Enhancing Engagement Quality initiative in 2014, the AICPA has been using its peer review program as a way to assess the improvement in engagement quality.

The AICPA’s initiative to enhance audit quality is going strong. It offers updates within areas that have to do with improving the results of audits. It presents useful informative items that touch on areas to help entities and auditors gain for the insights provided by this initiative.

This Auditing CPE course will help you in understanding this initiative’s trends and focus for 2021 as it covers the following major topics:

Pandemic related challenges and solutions
Internal control assessment strategies
Step by step overview of the new GAAP revenue recognition standard
Non-profit special considerations
System of quality control assessment
Documentation and disclosures

Learning Objectives

To discuss the implications of audits in the pandemic environment
To discover strategies for changed controls
To apply the new revenue recognition standard
To discuss key quality control issues
To review audit improvement approaches

Recommended For

This CPE course for CPAs is recommended for accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters' activities
All the professionals who perform audit engagements on public and non-public entities and are interested in improving their audit quality and efficiency should attend this CPE webinar, including audit partners, audit managers, and audit staff.
This CPE course will benefit you as an external auditor, as well as your firm’s entire audit team.

Who Should Attend?

Certified Public Accountant
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 CPE Credit of Accounting & Auditing for Certified Internal Auditors (CIA)
2 CPE Credit for Certified Government Auditing Professional (CGAP)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)

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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Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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