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Overview

4.0 Credits
ONLINE

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

Objectives

  • 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 auditing 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

    • Major Topics

  • 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
  • New requirements related to identifying and evaluating risks of material misstatement
  • Other important matters contained in SAS Nos. 134-145


     

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    Designed For

    Anyone who provides attest services on financial statements

    Prerequisite

    None

    Advanced Preparation

     
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