Auditing Developments- 2020

  • Credits: 16
  • Format: Self-Study eBook
  • Field of Study: Auditing
  • Author/ Speaker: Steven C. Fustolo, CPA

Course ID: Advanced Preparation: Experience Level:
SF-207 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© April 2020 General understanding of auditing standards eBook | Self-Study

COURSE DESCRIPTION

The objective of this course is to review the latest developments affecting audit engagements. Part of planning an audit involves consideration of the business and economic environment in which the client operates. Thus, auditors need to be aware of the various types of fraud that clients and employees may be committing, especially in light of myriad lawsuits against auditors and accountants. In addition to applying techniques to limit their liability to their clients and third parties, auditors are confronting other major problems facing the accounting field, including compliance with the Sarbanes-Oxley Act. The peer review comments and new auditing statements provide further guidance on current issues. To deal with the volatility in the business climate, auditors should focus their efforts in key areas and should take lessons from litigation. Additionally, in this course, auditors will learn how to perform more efficient engagements, understand the new auditor’s report guidance found in SAS Nos. 134-139, agreed-upon engagements in SSAE No. 19, and much more. The course focuses on recalling, recognizing, and identifying rules related to auditing standards including new developments pertaining to those standards. The course also addresses auditing issues related to the coronavirus (COVID-19).

Who Should Attend:

  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

Qualifies and approved with all state boards of accountancy and the following sponsorships:

NASBA
IRS
CTEC