AICPA Audit Quality Update and Quality Management Standards
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
This session will identify the progress of the AICPA Enhancing Audit Quality Initiative and evaluate whether audit quality is improving. Analyze the trends that are contributing to audit quality and recall the major issues identified and the related resources issued by the AICPA to improve practice quality. This session will also analyze the AICPA’s new Statements on Quality Management Standards (SQMS). It will identify the related implementation challenges and timing and evaluate the potential impact on peer review. Learn about AICPA resources for SQMS implementation. 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...
- 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
Highlights
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
Designed For
CPAs in public practice.
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
Allison Henry, VP-Professional & Technical Standards, Pennsylvania Institute of CPAs
Allison, who has been with the Pennsylvania Institute of Certified Public Accountants (PICPA) since 2003, works to elevate CPA practice quality through advocacy, outreach, and education. She currently administers PICPA’s Joint Ethics Enforcement Program with the American Institute of Certified Public Accountants (AICPA), oversees the administration of the AICPA’s Peer Review Program for Delaware, New York, Pennsylvania, and U.S. Virgin Island firms, monitors emerging global trends in the accounting profession, and serves as the PICPA technical liaison for several statewide committees and working groups that reach out to regulatory agencies in Pennsylvania on behalf of the profession. She frequently shares her expertise by speaking at PICPA events, hosting webinars on key topics, teaching ethics training, writing for the CPA Now blog, writing articles for the Pennsylvania CPA Journal, and fielding technical inquiries.
Before joining the PICPA, Allison spent several years as a senior manager with a regional accounting firm and nine years at Deloitte & Touche LLP, where she worked in the assurance and advisory services group. Allison’s diverse client service experience has included many not-for-profit, health care, and world relief organizations, as well as small and large manufacturing, distribution, and service-oriented entities. She has also served as the designated employee benefits specialist.
Allison is a graduate of Washington University in St. Louis, Mo., and holds an accounting equivalency from the University of Arkansas in Little Rock. She spent four years in internal accounting positions, including the Department of Defense, while her husband served on active duty with the U.S. Army.
Allison recently obtained AICPA’s Blockchain Fundamentals for Accounting and Finance Professionals Certificate.
Allison is a member of the PICPA and AICPA. She volunteers for various local ministries and is a member of River of Live Church. She is a native of St. Louis, Mo. and is an avid runner.
Non-Member Price $124.00
Member Price $89.00