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

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 Organization & Structure

•  Developments, Research & Standard-Setting Agenda
   – Strategic plan
   – Audit Committee engagement
   – Current developments
   – Holding Foreign Companies Accountable Act (HFCAA)
   – Critical Audit Matter (CAM) requirements
   – Auditor independence
   – Quality Control Standard concept release

•  Inspection Focus Areas & Report Update
   – Changes to and deficiencies in inspection cycle
      – The impact of COVID-19– Auditing in a remote environment
      – Business combinations
      – Inventory
      – Revenue
      – Allowance for loan losses
      – Quality control
      – Customer funds and securities
      – New inspection report format

•  Reporting & CAMs
   – Expected benefits
   – Considerations for audit committees and management
   – Identifying CAMs
   – PCAOB analyses

•  Internal Controls over Financial Reporting (ICFR)
   – Management Review Controls
      – What must MRCs include?
      – Documenting and challenging an audit
      – Expectations of management
      – Assessing MRC challenges
   – Evaluating the Severity of Deficiencies
      – What is a control deficiency?
      – Guidance for management and auditors
      – Material weakness
      – Disclosure considerations

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.