Public Company Auditing Update Webinar
Overview
Public company auditing standards and regulatory expectations continue to evolve as the PCAOB increases focus on audit quality, technology-enabled procedures, documentation, firm quality control systems, and emerging applications of technology and AI in the audit process. This course provides a practical update on recent PCAOB developments, including inspection trends, common deficiency findings, newly adopted standards, and emerging rulemaking initiatives affecting auditors of public companies and broker-dealers. Participants will discover:
- Recent PCAOB developments, inspection trends, and recurring audit deficiency findings
- New and proposed PCAOB standards affecting audit documentation, audit evidence, confirmations, and technology-assisted procedures
- Practical considerations for strengthening audit quality, compliance, and quality control processes
Objective
To provide CPAs and other finance professionals with a practical update on current PCAOB standards, inspection findings, and regulatory developments, enabling them to better understand evolving audit requirements, assess compliance risks, and strengthen audit quality and documentation practices.
Emphasis
- PCAOB changes and updates:
– Staff changes
– Budget approvals - PCAOB inspection results:
– Inspections by selection method
– Audit inspections by industry
– Audit deficiency findings
– Common PCAOB deficiencies for brokers and dealers - PCAOB inspection areas of focus in the current inspection cycle
- New PCAOB standards and rules:
– AS 1215: audit documentation
– AS 2310: confirmation process
– Designing and performing audit procedures that involve technology-assisted analysis of information in electronic form
– AS 1105: audit evidence
– New quality control standard - Newly proposed amendments to existing PCAOB standards and rules
- Recent regulatory actions and sanctions by the PCAOB
- QC 1000 implementation developments
- Technology-assisted auditing and emerging AI considerations
Speakers
Zohaib Qamar, Partner, Citrin Cooperman & Company LLP
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