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How SASs No. 134-145 Improve Risk-Based Audits   (Governmental) (Z2-407)

200 Minutes
On demand - Video

On Demand - Video

4 CPE Credits in AA

OVERVIEW

Recent generally accepted AA standards were written to improve the quality of risk-based financial statement audits, audit reporting, and required by-product communications. This course will discuss the important clarifications and enhancements intended to improve audit quality to ensure better compliance with requirements contained in SAS Nos. 134-145.

BENEFITS

  • Identify new requirements related to audit reporting and required by-product communications
  • Recall core concepts fundamental to obtaining sufficient and appropriate audit evidence in compliance with recently-issued AA standards
  • Recognize recent clarifications and enhancements made to improve the quality of the risk-based audit process
  • Recall significant new requirements of SAS Nos 134-145

HIGHLIGHTS

  • Key changes to audit report elements intended to improve the understandability of the nature and results of financial statement audits
  • Enhanced required by-product communications with management and those charged with governance to promote more reliable financial statements
  • Clarifications related to obtaining sufficient and appropriate audit evidence, including significant unusual transactions, related parties, going concern uncertainty, and AA estimates
  • New definitions and requirements related to identifying and evaluating risks of material misstatement
  • Other important matters contained in SAS Nos. 134-145

COURSE LEVEL

Basic

PREREQUISITES

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

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PRICING

$116.00 - Member

$136.00 - Nonmember

Event Cancelled

This event has been cancelled.

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COURSE DEVELOPER

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