AUU4
ANNUAL AUDITING UPDATE

Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides an overview of the new and recent pronouncements and guidance issued by the AICPA Auditing Standards Board (ASB) and Accounting and Review Services Committee (ARSC). This course will bring you up-to-date on the standard setters' activities and provide you with examples and illustrations to help you apply the guidance in practice. You'll learn about the latest standards, exposure drafts, and guidance focusing on issues applicable to accountants and auditors in public accounting and private industry. This course also includes a compilation and review update specifically covering the new SSARS No. 21, Clarification and Recodification, and other current auditing matters that need to be on your radar.

Major Topics:

  • Overview of the ABS's Clarity Project
  • Recently issued SASs and Exposure Drafts
  • The ARSC's Clarity Project
  • SSARS No. 21, Clarification and Recodification
  • Compilation and review update
  • Other current auditing matters on the radar

Learning Objectives:

       
  • Review recently issued ASB and ARSC pronouncements and guidance
  • Be aware of standard setters' agendas, technical plans, and project updates
  • Understand the new SSARS No. 21 relating to the preparation of financial statements and new guidance on compilations and reviews
  • Be familiar with the latest compilation and review activities
  • Identify important current and emerging auditing matters on the radar

Designed For: Accounting and auditing practitioners at all levels in both public accounting and private industry
Level of Knowledge: Update
Prerequisite: None
Advanced Preparation: None
Credits: 4