- Relevant Ethical Requirements
- Management’s Responsibilities
- Key Audit Matters
- How to Select KAM
- Significant Audit Attention
- Free Sign up
Subject Area
Accounting
Webinar Qualifies For
1 CPE credit of Accounting for all CPAs
1 General Educational credit for Tax Professionals / Bookkeepers / Accountants
Selfstudy Webinars
anatomy of an irs criminal investigation
anatomy of an irs audit
eq and you
hold on to your goods – preventing & detecting inventory fraud
who stole my cheese – profiles of different fraud perpetrators and how to prepare for them
irs form 1099 reporting req. including updates on form 1099-nec (latest 2020)
practical guide to iras – contributions & distributions for traditional, roth, sep & simple iras
the efficacy and application of 30 common trusts
new form 941, form 7200, erc, tax credits under ffcra, & other payroll updates in covid-19
documenting economic damages from covid-19 and civil unrest
tax updates latest (business & payroll)
estate planning fundamentals for iras 2020
estate planning for iras payable to trusts after the secure act
taxes on cryptocurrency & digital assets with latest irs guidance
section 199a update
Overview
Course Description
The American Institute of CPAs’ Auditing Standards Board has posted a group of standards for audit reports and auditing financial statements. The auditor’s report is getting a facelift. Following both the IAASB and PCAOB, the AICPA undertook a massive project to update the new report. SAS 134, Auditor Reporting and Amendments―Addressing Disclosures in the Audit of Financial Statements, was issued in April 2019.
These Auditor Reporting suite of standards will benefit users of audited financial statements throughout the U.S. by placing the auditor’s opinion at the front of the report for added visibility and providing necessary transparency into the basis for the auditor’s opinion and the responsibilities of both entity management and auditors.
Major Topics Covered :
- SAS 134 amendments
- AU-C 700
- AU-C 701
- Key Audit Matters
- AU-C 705
We’ll cover the new order of the report, changes to presentation as well as introduce the concept of KAM. We’ll cover when KAM is required as well as what constitutes KAM. The new report is effective for periods ending on or after December 15, 2020. Recommended for professionals in public practice, business, industry, government, and education who deal with nonpublic entities and need a course on how to handle the new major auditing issues of auditor reporting.
Learning Objectives
- To identify the List changes to the auditor’s report
- To identify Communicating Key Audit Matters in Independent Auditor's Report
- To identify how to review illustrations of New Auditor Reporting
- To recognize the new form and content of modifications to the opinion in the Independent Auditor's Report
- To identify and differentiate how the new and revised International Standards on Auditing (ISAs) for reporting on audited financial statements affect key audit matters (KAMs)
Who Should Attend?
- Accountant
- CPA - Small Firm
- CPA - Mid Size Firm
- CPA (Industry)
- Auditors
- Young CPA
- Entrepreneurial CPA
- Senior Accountant
- Entrepreneurial Accountant
- Accounting Managers
- Staff of Accounting Firm
Testimonial
WM
Webinar to be so much full of details that can easily be understood and applied. Melisa's experience and knowledge on these topics was quite impressive which you have poured into your presentation. I am happy I attended your webinar.
RS
Very informative presentation. This webinar was amazing. Melisa provided a lot of information in a very organized manner. I can use this information for myself or my colleague.
PB
Ms.Melisa is an excellent speaker who gave an informative overview of AU-C 700 & AU-C 701. She pointed us to great resources so we can provide advice to our clients.
JG
I found the webinar very informative and covered many points with enough detail to understand the important points of key audit matters and SAS - 134
