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Friday, December 1, 2017 Live

How to Do A GAAS Audit (E1712341)

8:30 AM - 4:30 PM EST

Registration: 8:00 AM EST

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in AA

OVERVIEW

In arriving at and providing an opinion on the financial statements, auditors follow approximately 1,000 pages of generally accepted auditing standards (GAAS)! It takes a great deal of effort and energy to keep up with the current requirements. Designed for everyone in the firm, this course will replenish your tank with an understanding of GAAS needed to fuel high-performance audits under today’s standards. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of today’s GAAS.

DESIGNED FOR

All auditors.

BENEFITS

  • Save time on audit engagements by understanding where the auditor’s responsibilities start and stop under today’s requirements
  • Proficiently perform audits through an increased knowledge of how the various sections of GAAS interrelate to each other
  • Skillfully apply the requirements used by auditors on a daily basis

HIGHLIGHTS

  • How today's GAAS is organized into seven facets of an audit (i.e., general principles and responsibilities, risk assessment and response to assessed risks; audit evidence; using the work of others; audit conclusions and reporting, special considerations; and special considerations in the United States)
  • Key terminology used in today's audit process
  • Important considerations, determinations and requirements that pertain to each of the seven facets of an audit
  • How the theory in today’s GAAS translates to the real world
  • Answers to frequent questions that arise in the application of GAAS
  • Changes coming to the audit process due to SAS No. 134, Auditor Reporting and
  • Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, and SAS No. 135, Omnibus Statement on Accounting Standards--2019

COURSE LEVEL

Intermediate

PREREQUISITES

Basic audit knowledge.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • Qualifies for Yellow Book.

Course materials are distributed electronically.To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Richard Gesseck

Richard H. Gesseck, CPA

AICPA/Professional Development Institute

Dick Gesseck provides accounting and auditing consulting to CPA firms. He has over 40 years of public accounting experience, including 20 years as an audit partner with Ernst & Young LLP and 10 years as a partner with regional/local CPA firms. He has served publicly and privately held companies in manufacturing, construction, real estate, distribution, service, and not-for-profit industries. He is the author or coauthor of several continuing professional education courses and has led hundreds of accounting and auditing seminars and conferences for which he has received numerous discussion leader awards. Dick updated the AICPA Audit Guide Auditor’s Risk Assessment in a Financial Statement Audit in 2012 for the “clarity standards,” and has coauthored CCH’s Master GAAP Guide for 2013, 2014, 2015, 2016, 2017, and 2018. Dick is a past president of the Connecticut Society of CPAs (CTCPA) and has served and/or chaired many of its committees. He also served for many years as an adjunct professor at the University of New Haven, Quinnipiac University, UConn, and Fairfield University and also taught nationally recognized CPA review programs. Dick served as a member of the Financial Accounting Standards Board Small Business Advisory Committee from 2003 through 2015. In 2015 he completed more than ten years of service as a member of the Connecticut State Board of Accountancy. He also serves on other boards and chairs audit committees. Dick graduated from the University of New Haven in 1970 and received that school’s Distinguished Alumni Award in 2002. He received the 2013 Jack Brooks Leadership Award from the CTCPA.

PRICING

$299.00 - Member

$399.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Surgent

ALSO QUALIFIES FOR