How SAS Nos. 134-145 Improve Risk-Based Audits

Course Details

Date

Friday, November 25, 2022

7:00am – 11:00am (Registration: 2:05am)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

4 hours CPE credit

Level of Knowledge

Beginning

Vendor

CPA Crossings

Prerequisites

None

Description

Recent generally accepted auditing standards were written to improve the quality of risk-based financial statement audits, audit reporting, and required by-product communications. This course will discuss the important clarifications and enhancements intended to improve audit quality to ensure better compliance with requirements contained in SAS Nos. 134-145. 
 
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this class include:

  • Key changes to audit report elements intended to improve the understandability of the nature and results of financial statement audits
  • Enhanced required by-product communications with management and those charged with governance to promote more reliable financial statements
  • Clarifications related to obtaining sufficient and appropriate audit evidence, including significant unusual transactions, related parties, going concern uncertainty, and accounting estimates
  • New definitions and requirements related to identifying and evaluating risks of material misstatement
  • Other important matters contained in SAS Nos. 134-145

Objectives

After attending this presentation you will be able to...

  • Identify new requirements related to audit reporting and required by-product communications
  • Recall core concepts fundamental to obtaining sufficient and appropriate audit evidence in compliance with recently-issued auditing standards
  • Recognize recent clarifications and enhancements made to improve the quality of the risk-based audit process
  • Recall significant new requirements of SAS Nos 134-145

Designed For

Anyone with financial statement audit responsibilities

Registration for this course has passed.

Course Pricing

WYOCPA Member Fee
$139.00

Non-Member Fee
$181.00

Your Price
$181.00

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