The Auditing Standards Board of the AICPA has recently completed a project to update its standards surrounding auditor reporting. With more than half a dozen new Statements on Auditing Standards, effecting the entire 700 series of the professional standards, there is a lot to learn about the new requirements. This course will take you through the significant areas of Professional Standards, including highlighting the new areas and requirements. The audit report, while retaining much of the familiar language, is much different under these new standards. Let us walk you through to ensure compliance.
Note: This course does not address SAS No. 136, Forming an Opinion and Reporting on Financial Statements of. Employee Benefit Plans Subject to ERISA. The AICPA offers a companion course which focuses on auditor reports for employee benefit plan engagements. See “Breaking Down the New Auditor's Report for ERISA Plans”
This course features a live instructor and has been specifically designed for the NJCPA.
DESIGNED FOR
Auditors in practice
BENEFITS
- Identify the requirements of the reporting sections of AICPA Professional Standards.
- Recall the form and content of the standard auditor’s report and when and how to modify the standard report.
HIGHLIGHTS
- Standard auditor’s report
- Modified opinions in an auditor’s report
- Other matters in the auditor’s report
- Form and content of the auditor’s report
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None