Webcast: I See It! Bringing Into Focus The New Clarified

Description

The AICPAs Auditing Standards Board Clarity Project is no longer on the distant horizon – its here! Find out what the first comprehensive rewrite of the SASs since 1972 entails and its implications on your auditing practice. Prepare now for the clarified SASs that generally will be effective for audits of financial statements for periods ending on or after December 15, 2012. The course materials utilize a highly illustrative format to increase concept comprehension and retention.

Learning Objectives

* Stay current in the complex and ever-changing auditing environment
* Fundamentally understand the who, what, and when of the clarified standards
* Prepare yourself and your firm for implementation of the clarified standards

Major Topics

* Overview of why the Clarity Project was undertaken and how it changed the way standards are written
* The convergence of the AICPA SASs and International Standards on Auditing (ISAs)
* The components of the clarified standards (i.e., introduction; objective; definitions; requirements; and application and other explanatory material)
* The inclusion of special considerations relevant to audits of smaller, less complex entities and audits of governmental entities
* New auditing standards terminology being introduced with the clarified standards (e.g., applicable financial reporting framework, emphasis-of-matter and other-matter paragraphs, and group engagement partner and component auditor)
* Key changes being made to the auditing standards (e.g., changes in report wording, procedures related to detecting illegal acts, and opening balances in initial audits)
* Standards that changed the most and least as a result of the Clarity Project
* Tips for transitioning to the new standards

Provider
Surgent McCoy CPE LLC
Course Level
Basic
CPE Field of Study
Auditing
8.0
Instructor(s)
Laura Lindal
Prerequisites

Basic audit knowledge

Advanced Preparation

None

Register Now
When
Oct 18, 2012
8:30 am - 4:30 pm
Location
Online
Total CPE Credits
8.0
Format
Webinar
Instructor
Laura Lindal

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Webcast: I See It! Bringing Into Focus The New Clarified


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