CPAR Auditing Practice

CPAR - 2021/Nov, Seg 3 - Auditing Standards Update: NOCLAR, Management Specialists and Pricing Services

The AICPA has issued guidance in 2021 on a number of issues that impact the auditor's work. In February, an Exposure Draft was issued dealing with Non-Compliance with Laws and Regulations (NOCLAR). In June, new guidance was issued on the use of specialists and pricing information. Ahava Goldman, associate director with the AICPA, reviews the standards in detail and explains the implications of the new rules.

Learning Objectives:

  • Describe the AICPA changes dealing with Non-Compliance with Laws and Regulations (NOCLAR);
  • Recognize how to make and document inquiries related to NOCLAR;
  • Describe the new AICPA guidance for situations where a specialist is used and when pricing information is obtained from external sources; and
  • Identify the factors that may affect the relevance and reliability of the management specialist's work and that of pricing information.

Prerequisites/Advanced Preparation:

Work experience in financial reporting or auditing, or an introductory course in auditing.

Speaker / Author:

Ahava Goldman, CPA, CGMA, is an associate director with the Association of International Certified Professional Accountants (AICPA) Audit and Attest Standards team. Ahava is the staff liaison for the AICPA Auditing Standards Board and supports their standard-setting activities. She is also serving as a technical advisor on the International Audit and Assurance Standards Board (IAASB).


Price (USD)

Standard: $69.90


Course Code : CPAR1541-FM

Release Date : 11/29/2021
Expire Date : 01/13/2023
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Auditing

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