Insights into the unique challenges in today's auditing landscape Examine the current audit considerations and guidance as you learn about the challenges auditors face in light of recent ASB pronouncements and exposure drafts. In doing so, you'll gain an understanding of topics critical to success in today’s rapidly changing regulatory environment, including:
Unique challenges for audit and attest engagements
Auditor responsibilities and implications for audit planning
Statement on Quality Management Standards (SQMS) No. 1 and SQMS No. 2
Statements on Standards for Accounting and Review Services (SSARSs)
Learning Objectives
Identify key responsibilities related to risk assessment in every audit.
Identify key requirements in recently issued statements on auditing standards and attestation standards.
Distinguish key elements included in the recently issued Statements on Quality Management Standards (SQMSs) and Statements on Standards for Accounting and Review Services (SSARSs).
Major Topics
Updates to auditing and attestation standards
Current environment and implication for audit planning
Statement on Quality Management Standards (SQMS) No. 1 and SQMS No. 2
Statements on Standards for Accounting and Review Services (SSARSs)
