This session provides insights for enhancing the preparation and utilization of budgets. Seasoned accountants will benefit from a refreshed awareness of popular techniques. Budding financial professionals will obtain novel insight regarding fundamental budgeting concepts. All participants will develop an appreciation for the holistic nature of budgeting as an integral tool for planning and control. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event. This course qualifies for Yellowbook.
Learning Objectives
After attending this presentation, you will be able to...
- 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 through SAS 149
Major Topics
The major topics that will be covered in this course include:
- 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, including significant unusual transactions, related parties, going concern uncertainty, and accounting estimates
- New definitions and requirements related to identifying and evaluating risks of material misstatement
- Other important matters contained in recent SASs
