Public Company Auditing Update Self-Study Webinar (1.5 Hours)

Public Company Auditing Update Self-Study Webinar (1.5 Hours)

CPE Credit: 1.5 Hours

Price: $99.00

NASBA Field of Study: Auditing

 

Overview

This self-study webinar from our popular SEC Conference will update financial professionals on the most recent PCAOB rules and standards for audits, and show them how to successfully avoid unnecessary and costly pitfalls.
 

AGENDA HIGHLIGHTS


•  PCAOB Update
   – Current leadership
   – Strategic plan

•  Inspections
   – Background information
   – Key areas of focus
      – System of quality control
      – Independence
      – External considerations
      – Cybersecurity risks
      – Software audit tools
      – Audit quality indicators
      – Changes in the auditor’s report
      – Implementation of new accounting standards
   – Recurring inspection deficiencies
      – ICFR
      – Revenue recognition
      – Rules 3524 and 3526
      – Accounting estimates
   – Observations of good practices
      – Workshops
      – Early Involvement by Engagement Quality Reviewer (EQR)
      – Use of firm specialists in risk assessment
   – Technology
      – Ledgers and digital assets
      – Cybersecurity and software audit tools
•  Reporting & Critical Audit Matters (CAMs)
   – Auditor’s report and communication of CAMs
   – How auditors determine CAMs
   – Trends

•  Internal Controls Over Financial Reporting (ICFR)
   – Management review control challenges
   – COVID points of emphasis
   – Evaluation of a deficiency
   – Cybersecurity incidents

•  Standard Setting
   – PCAOB’s current activities
   – Auditing accounting estimates and fair value measurements
   – The use of specialists
   – Use of other auditors
   – Quality control standards
   – Independence

 

LEARNING OBJECTIVE  To update financial professionals on the most recent PCAOB rules and standards for audits, and show them
how to successfully avoid unnecessary and costly pitfalls.

PREREQUISITE  None.    ADVANCE PREPARATION  None.    PROGRAM LEVEL  Update.   NASBA FIELD OF STUDY  Auditing.
DELIVERY METHOD  Self-Study.

Speakers

SPEAKERS


Wes Kelly, Assurance Partner, PwC

Tina Schmelcke, Director, PwC

Detailed Learning Objectives

Recognize the focus areas within the PCAOB’s strategic plan

Identify the PCAOB’s aspirations in regards to audit committee communication

Identify the characteristics of CAMs

Recognize common CAM subject matters in early reporting results

Identify common ICFR deficiencies

Identify the PCAOB’s perspectives on control deficiencies

Recognize PCAOB’s current research