Events Search
  Summary & Check Out (0)
Monday, July 21, 2025 Live Webcast

How Recent Auditing Standards Improve Risk-Based Audits (X2-54246)

2:00 PM - 6:00 PM EDT
webcast

Vendor Platform

4 CPE Credits in AA

OVERVIEW

Recent generally accepted auditing standards were written to improve the quality of risk-based financial statement audits, audit reporting, and required by-product communications. This course will discuss the important clarifications and enhancements intended to improve audit quality to ensure better compliance with requirements contained in the SASs.

DESIGNED FOR

Anyone who provides attest services on financial statements

BENEFITS

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

HIGHLIGHTS

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 

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

Read bio