How SAS Nos. 134-145 Improve Risk-Based Audits WEBINAR
Overview
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.
Highlights
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.
Prerequisites
None.
Designed For
Anyone with financial statement audit responsibilities.
Objectives
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.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Jennifer Louis, Surgent McCoy CPE, LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and presenting high-quality training programs in a wide variety of technical accounting, auditing, and “soft skills” topics needed for professional and organizational success. She is the principal author of audit and attest related courses for Surgent and a frequent speaker at Surgent live programs and seminars. Ms. Louis is also the president of Emergent Solutions Group, LLC, a company she founded in 2003, dedicated to developing and delivering a wide variety of accounting and auditing training services, including audit staff training, audit productivity improvement, and value-added auditing. Prior to that, she was executive vice president/director of training services at AuditWatch, Inc. Before joining AuditWatch, Ms. Louis was the financial/operational internal audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.
Non-Member Price $199.00
Member Price $149.00