AICPA Audit Quality Update and Quality Management Standards (X2-48157)

After attending this presentation, you will be able to...

• Evaluate the AICPA's enhancing audit quality initiative and the AICPA's new SQMS
• Recall trends in the practice landscape
• Evaluate how AICPA's Enhancing Audit Quality Initiative is improving practice quality
• Identify SQMS implementation resources

The major topics that will be covered in this class include:

• Analysis of the AICPA's Enhancing Audit Quality Initiative
• Trends in audit quality
• Latest on the DOL's audit quality study
• Peer review findings and practice tips for achieving high practice quality
• AICPA's new SQMS - Overview, implementation considerations, timeline, and AICPA implementation resources
• PCAOB and IAASB quality management standards and the potential impact on AICPA standards