Skip to main content

How SAS Nos. 134-145 Improve Risk-Based Audits

Wednesday, January 8
 9:00am - 1:00pm

(Check-In )

Add to Calendar

Online

4.00 Credits

Member Price $149.00

Non-Member Price $214.00

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 SAS Nos. 134-145. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives

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 of SAS Nos 134-145

Highlights

The major topics that will be covered in this class 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 SAS Nos. 134-145

Designed For

Anyone with financial statement audit responsibilities

Prerequisites

None

Preparation

None

Notice

You will receive an email from CPA Crossings via Webex with instructions to access the webinar.

Leader(s):

Leader Bios

Jennifer Louis, Surgent McCoy CPE, LLC

Jennifer F. Louis, CPA has over 19 years of experience in designing and presenting high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organizational success. In 2003, she founded Emergent Solutions Group, LLC, a company dedicated to developing and delivering accounting and auditing training services. She was most recently executive vice president/director of training services at AuditWatch, Inc., a highly respected training and consulting firm serving the audit profession. During her six years at AuditWatch, Ms. Louis served in many other capacities, including vice president of product development, and a consultant for the firm’s Audit Productivity Improvement Program TM. She also coauthored a manual on value-added auditing. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.

Return to Top

Non-Member Price $214.00

Member Price $149.00