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Tuesday, September 28, 2021 Live Webcast

Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment (X1-USS4-2021-01-WEBNR-271-01)

9:00 AM - 12:30 PM EDT
webcast

Vendor Platform

4.0 CPE Credits in AA

OVERVIEW

Professional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of data analytics and artificial intelligence will play a key role in an audit. We are seeing changes already as the AICPA has recently issued standards that significantly modify the form of the independent auditor’s report. In addition, its Omnibus standard modifies several professional standards including those on related parties, consideration of fraud and the auditor’s communication to those charged with governance. The new auditing standard on employee benefit plan audits makes significant changes in the auditor’s report as well as other aspects of an employee benefit plan audit. Further, recently issued Statements on Standards for Accounting and Review Services (SSARS) have addressed the consideration of going concern and other significant issues. In addition, the AICPA has proposed a new SSARS that will conform its standards with international standards for such engagements. The AICPA has also recently issued new Statements on Standards for Attestation Engagements on Agreed-Upon Procedures and materiality. Clearly, with regard to professional standards, the only constant is change. This course will review recently issued SASs and SSARS and provide both insights into the new standards including how to best implement them.

DESIGNED FOR

Accounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards.

BENEFITS

  • Identify and understand the requirements of recently issued SASs and SSARS
  • Develop implementation tips and best practices related to these new standards
  • Implement best practices for enhancing engagement quality

HIGHLIGHTS

  • New SASs on reporting and key audit matters
  • Updated guidance on employee benefit plan audits
  • Going concern considerations in all professional engagements
  • Proposed SSARS on conforming U.S. and international standards
  • Recent changes to the Standards on Attestation Engagements
  • Other AICPA hot topics and standard setting initiatives

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in accounting and auditing.

ADVANCE PREPARATION

None

INSTRUCTOR

Richard Daisley

Richard Daisley, CPA

Surgent Professional Education

Rich is Vice President of Accounting and Auditing Curriculum at Surgent CPE. He is a CPA and has over 30 years of experience in the accounting and auditing field. He has worked in both the client service setting as well as in internal capacities as a facilitator of accounting and auditing courses. He was an assurance manager with PwC, spending time in both the assurance practice as well as with PwC’s Capital Markets and Accounting Advisory Services group, where he advised clients on the implementation of new accounting pronouncements as well as on issues related to public offerings. Rich also worked in PECO Energy’s Merger and Acquisition group, where he performed financial due diligence that supported PECO’s acquisition activity in the energy sector. He has experience in the manufacturing, health care, energy, and pharmaceutical industries. Prior to joining Surgent, Rich also has more than 10 years of experience as a course developer and facilitator, creating and leading training courses on such topics as revenue recognition, stock based compensation, equity instruments and performing integrated audits under the Sarbanes-Oxley legislation. He also designed and delivered courses on instructor development and facilitation skills to senior PwC internal course instructors. In 2015 he joined Surgent as Director, Accounting & Financial Reporting Content. In this role, he manages Surgent’s A&A curriculum, including researching and developing the technical content for Surgent’s Accounting and Financial Reporting curriculum.

PRICING

$139.00 - Member

$159.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

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COURSE DEVELOPER

Surgent