CPE Webinars

New Auditor Report Standards (March 10, 2021, 12:00 - 4:00 PM CST)

Get ahead by evaluating the impact of this additional suite of standards designed to refocus on the auditor’s report with additional information communicated to users. Changes in the language and position of the auditor’s opinion and basis of the opinion will be presented in the front of the auditor’s report letter. Other changes as a result of the auditor’s report letter language will include the engagement letter and the representation letter.

An immediate and thorough evaluation of the impact of these standards will be required. The objective of this group of standards will be to provide value to users by relocating the auditor’s opinion and the basis for the auditor’s opinion to a more visible position in the front of the report. Also, the revised language will be more transparent in defining the responsibilities of the auditor as well as the entity’s management.

These SASs address concerns of users for more communication and better understanding of issues encountered by the auditor during the conduct of the audit. Generally accepted auditing standards will now align with the Standards of the PCAOB and the IAASB.

Designed For...

CPAs in small to medium size public accounting firms that conduct audits of non-public entities.

Learning Objectives:

  • 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



Speaker / Author:

Rebecca Lee, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader for Kaplan Financial Education, powered by Loscalzo Institute, and a founding Principal with Brooke, Freeman & Lee. She serves as the assurance, quality control, and compliance principal with responsibilities for the audit practice.

She has served on numerous AICPA and state society committees, including the AICPA Management Consulting Service Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, and Council of the AICPA. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. Rebecca currently serves on the Illinois Society of CPAs Peer Review Committee, which serves multiple state societies of CPAs.

Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College. Rebecca holds a BS degree in accounting from Jacksonville State University, along with a master’s degree in Accounting from Birmingham Southern College. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection

Price (USD)

Standard: $120.00

Details

Course Code : ACE-19073_LZ

Event Date : 03/10/2021 12:00 PM
Course Level : Intermediate
Course Type : Group Internet-Based

Format Type : Webinar
Field Of Study : Auditing

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