The Auditing Standards Board has been busy over the last 4 years issuing auditing standards some of which are effective now and others which will be effective for calendar 2023 year-end audits. The standards are interrelated, and some are more challenging to digest than others. This course covers SAS 134-146. After a refresher of the important points of SASs 134-140 we will discuss implementation issues related to the newer and more challenging standards. The primary focus will be on the most recently issued standards (SASs 142-146). We will provide examples using newer accounting literature such as revenue recognition, leases and the standard on current expected credit losses which are applicable to many engagements.
Participants will be able to:
- Identify the requirements of the recently issued standards
- Apply the standards to audits of financial statements
Prerequisites/Advanced Preparation: None
Qualifies for the 24-hour Yellow Book requirement. Determination as to the qualification of certain courses for the Yellow Book 24-hour requirement should be made on an auditor-specific basis depending on that auditor’s Yellow Book clients. Note that the determination of course qualification is a matter of an auditor’s professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80-hour requirement.
Registration ends 8/4/24
Members: Free Non-Members: $75