NAA2410. ASB/ARSC Update

The Chairs of the ASB and the Accounting and Review Services Committee (ARSC), along with the AICPA Chief Auditor, will discuss current issues facing the two boards, as well as recently issued standards for audits and attestation engagements and recent activities of the ARSC for reviews, compilations and financial statement preparation engagements performed in accordance with Statements on Standards for Accounting and Review Services (SSARSs). The discussion will also include the Auditing Standards Board and ARSC's active agendas including ongoing efforts to modernize auditing and attestation standards and enhance outreach to stakeholders regarding proposed standards.

Learning Objectives:

• Identify auditing, attestation, and accounting and review services issues leading to ASB and ARSC activities.
• Recognize the ASB and ARSC current workplan.
• Recognize standard setting trending topics.