Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment WEBCAST

Wednesday, May 19 12:00pm - 4:00pm PDT

Add to Calendar

Your Desk

4.0 Credits

Member Price $155.00

Non-Member Price $205.00

Overview

Professional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of data analytics and artificial intelligence will play a key role in an audit. We are seeing changes already as the AICPA has recently issued standards that significantly modify the form of the independent auditor’s report. In addition, its Omnibus standard modifies several professional standards including those on related parties, consideration of fraud and the auditor’s communication to those charged with governance. The new auditing standard on employee benefit plan audits makes significant changes in the auditor’s report as well as other aspects of an employee benefit plan audit.
Recently issued Statements on Standards for Accounting and Review Services (SSARS) have addressed the consideration of going concern and other significant issues. In addition, the AICPA has proposed a new SSARS that will conform its standards with international standards for such engagements. Clearly, with regard to professional standards, the only constant is change. This course will review recently issued SASs and SSARS and provide both insights into the new standards including how to best implement them.

Highlights

New SASs on reporting and key audit matters, Updated guidance on employee benefit plan audits, Going concern considerations in all professional engagements, Proposed SSARS on conforming U.S. and international standards, Other AICPA hot topics and standard setting initiatives

Prerequisites

Experience in accounting and auditing

Objectives

Identify and understand the requirements of recently issued SASs and SSARS, Develop implementation tips and best practices related to these new standard, Implement best practices for enhancing engagement quality

Preparation

None

Notice

None

Leader(s):

Leaders

Marty Van Wagoner

Child, Van Wagoner & Bradshaw, PLLC / Salt Lake City, UT

Marty Van Wagoner is a partner at Child, Van Wagoner & Bradshaw, PLLC, (CVB) a firm specializing in national and international SEC clients, subsidized housing entities and taxes. He earned a BA in accounting and an MBA at the University of Utah, after which he went directly to work for KPMG. In his ten years at KPMG he specialized in the audits of manufacturing companies. After KPMG, he worked about a year and a half at placement agencies and then formed his own CPA firm.

During that time Marty did contract work quite consistently with the same individuals; it was decided they formally join forces to create (CVB). His emphasis at CVB is the audit of SEC filing companies with an emphasis on international businesses.

Return to Top

Non-Member Price $205.00

Member Price $155.00