GOV2438. Auditing Standards Update
This session will provide an update from the Auditing Standards Board, with a focus on the key adjustments presented in SAS Nos. 143–149, as well as outline how the new standards impact previous audit procedures and reporting practices. Attendees will gain an understanding of the clarified focus on assertion-level risk assessments and the impact of significant estimates on audit risk assessments. This session will also investigate best practices identified from the implementation of the new standards and review upcoming standards and updates.
Learning Objectives:
- Analyze the impact the new auditing standards on audit risk assessments.
- Apply best practices learned from the application of the new SASs under different audit methodologies.
- Identify key changes in terminology outlined in the standards.
- Recognize upcoming standards and other updates.
Date/Time
–
CPE Credits
1.5
NASBA Field of Study
Auditing
Level
Update
Prerequisites
For participants with a background in the subject area who desire to keep current
Advanced Preparation
None