Surgent's Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment
4.00 Credits
Member Price $159
Non-Member Price $179
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 technology will play a key role in an audit and professional skepticism, independence, and quality are emphasized. We are seeing changes already as the AICPA has issued 15 new standards since 2019. This program will discuss SASs 134 through 149.
Highlights
- AICPA hot topics and standard setting initiatives
- Discussion of suite of nine integrated SASs effective for years ended December 31, 2021
- Discussion of the standard on audit evidence effective for years ended December 31, 2022
- Discussion of the standard on auditing accounting estimates and disclosures effective as of December 31, 2023
- Discussion of the two standards on use of specialists and information from a pricing service, and the newly updated risk assessment standard effective for years ended December 31, 2023
- Discussion of standards that are effective beginning in 2025, including those dealing with client acceptance and questions asked of the predecessor auditor, the partner’s responsibility for engagement quality, group audits, conforming changes to compliance auditing, and more
Prerequisites
Experience in accounting and auditing
Designed For
Accounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards
Objectives
- 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
Preparation
None
Leader(s):
Leader Bios
Marci Thomas, Kaplan Financial Education
Marci Thomas, CPA, MHA, is an author and discussion leader for Loscalzo Associates Ltd. Ms. Thomas is a principal and director of quality control for Metcalf-Davis, a CPA firm in Atlanta. She is also a clinical assistant professor at the University of North Carolina at Chapel Hill where she teaches Healthcare Consulting, Governance and Internal Control. Ms. Thomas also works with accounting firms, performing quality control and efficiency reviews. She works with nonprofit boards on strategic planning and governance issues. From 1986 through 1999 and again in 2005, Ms. Thomas worked for Deloitte, primarily in the accounting and advisory services department. Most recently, she was Director in Deloitte Consulting in strategy and operations practice in the Atlanta office. Marci specializes in working with not-for-profit organizations including those in the healthcare and higher education arenas. In addition to those areas she is also a nationally recognized author and speaker on OMB Circular A-133 and Governance.
Non-Member Price $179
Member Price $159