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


•  Current Developments
   – PCAOB Standard Setting Agenda
      – Quality control standards
      – Supervision of audits

      – Going concern
  – Planned Research Agenda
      – Data and technology
      – Company performance measures

      – Consideration of noncompliance with laws and regualtions
 – Communication with Audit Committees Regarding Independence

•  Critical Audit Matters
   – Requirements for auditors reporting CAMs

      – Definition of a CAM
      – Effective date

      – Required introductory language

      – Audit specific information
      – Material weaknesses

•  Estimates & Specialists
   – Key impacts on:
      – New Standard to auditors
      – Management and those charged with governance

•  Inspection Areas of Focus
   – System of quality control
   – Independence
   – Recurring inspection deficiencies
   – External considerations
   – Cybersecurity risks
   – Software audit tools

   – Digital assets
   – Audit quality indicators
   – Changes in auditor's report

   – Implementation of New Accounting Standards

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


Neal Ballew, Assurance Senior Manager, Ernst & Young LLP

Brett Rembold, Staff Accountant, Ernst & Young LLP

 

Detailed Learning Objectives

Recognize the PCAOB’s current planned research agenda

Identify the PCAOB recommended staff guidance regarding independence violations under Rule 3526

Identify the PCOAB’s expectations regarding Critical Audit Matters

Identify, based on preliminary result, the most common subject matter of CAM reports among large accelerated filers

Recognize those accounts susceptible to accounting bias

Recognize the general characteristics of the PCAOB’s AS 2501, Auditing Accounting Estimates, Including Fair Value Measurements

Identify the PCAOB’s expectations regarding AS 1210, Using the Work of an Auditor-Engaged Specialist

Identify key areas of current PCAOB inspection focus