Overview
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Enhancing audit quality (EAQ) intiative
1 mins
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Changes in firm practices
9 mins
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COVID-19 audit risk
24 mins
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Noncompliance with laws and regulations (NOCLAR)
35 mins
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Assessing the control environment
48 mins
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Confirm client's work authentic
72 mins
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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)
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Young CPA