CPE Course New Auditor Report Standards
June 24, 2022
8:30am — 12:30pm
Location
Curriculum Auditing
Field of Interest Accounting and Auditing, Auditing
Level Intermediate
CPAs in small to medium size public accounting firms that conduct audits of non-public entities.
Objective
Participants will be able to:
• Identify changes in the reporting model
• Identify how the report letter will set users’ expectations
• Identify Key Audit Matters (KAM) and when they are required to communicate them
• Review examples for the form and content of the report
Highlights
• Modifications, replacements, and additions to guidance
• Format and content of auditor report with examples
• New requirements to disclosure Key Audit Matters
• New requirements for going concern
• Performance requirements for ERISA audits
• Reporting on ERISA required supplemental schedules
• Effect of new standards on procedures, communication of reportable conditions, and auditor responsibilities for other information included in annual reports
• Effect of new standards on related party transactions, fraud, and communication with those charged with governance
Instructors
Kenn Heaslip
Prerequisites
Knowledge of Statements on Auditing Standards
Developer
Kaplan Financial Institute
