An Overview of AICPA SAS 145: Understanding the Entity & Its Environment & Assessing the Risks of Material Misstatement: Governmental A&A Conference
Available Until Monday, March 31, 2025
Online
1.60 Credits
Member Price $49.00
Non-Member Price $70.00
Overview
This course will give participants a thorough understanding of the objectives and principles of SAS 145 and aim to give a succinct overview of the key changes introduced by SAS 145 and their implications on their audits.
Highlights
Specifically, we’ll look at:
• Key Changes of SAS 145
• New risk assessment requirements
• The revised definition of significant risk
• Requirements to evaluate internal controls, including IT general controls.
• Guidance regarding scalability
• Guidance on maintaining professional skepticism.
• Guidance on the new “stand back” requirement.
• Brief discussion on how SAS 145 relates to SAS 148, which amends AU-C 935, Compliance Audits
Designed For
CPAs involved in governmental accounting and auditing. Also appropriate for government finance officers.
Leader(s):
Leader Bios
Philip Marciano, Managing Director, CBIZ Marks Paneth
Phil is a Shareholder in our New York City office and the Government Services Practice Leader for the Metro New York Not-For-Profit & Government Practice. A Certified Public Accountant and Certified Government Financial Manager, he is recognized as a national resource for government and nonprofit accounting and federal single audits (Uniform Guidance). He has audited various types of governmental entities such as towns, counties, villages, schools, libraries, other special purpose entities and component units, and various types of nonprofit organizations. Phil is a member of the AICPA and the New York State Society of CPAs and is a member of the NYSSCPA’s Nonprofit Organizations Committee and Governmental Accounting and Auditing Committee. He is also a NYSSCPA board member. Phil teaches for the AICPA and Surgent, where he has led numerous courses on accounting and auditing updates. Phil also presents at various conferences in the NY metro area on nonprofit and government accounting and federal single audits.
Non-Member Price $70.00
Member Price $49.00