Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment
Online
4.00 Credits
Member Price $160.00
Price will increase by $20 after 6/8
Non-Member Price $225.00
Price will increase by $20 after 6/8
Overview
Professional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of technology will play a key role in an audit and professional skepticism, independence, and quality are emphasized. We are seeing changes already as the AICPA has issued 15 new standards since 2019. This program will discuss SASs 134 through 149.
Objectives
- Identify and understand the requirements of recently issued SASs and SSARS
- Develop implementation tips and best practices related to these new standards
- Implement best practices for enhancing engagement quality
Highlights
- AICPA hot topics and standard setting initiatives
- Discussion of suite of nine integrated SASs effective for years ended December 31, 2021
- Discussion of the standard on audit evidence effective for years ended December 31, 2022
- Discussion of the standard on auditing accounting estimates and disclosures effective as of December 31, 2023
- Discussion of the two standards on use of specialists and information from a pricing service, and the newly updated risk assessment standard effective for years ended December 31, 2023
- Discussion of standards that are effective beginning in 2025, including those dealing with client acceptance and questions asked of the predecessor auditor, the partner's responsibility for engagement quality, group audits, conforming changes to compliance auditing, and more
Designed For
Accounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards
Prerequisites
Experience in accounting and auditing
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.
Leader(s):
Leader Bios
Thomas Sheets
Thomas M. Sheets, CPA Tom Sheets is a Certified Public Accountant with over 35 years’ experience in auditing and tax return preparation for businesses and individuals. He established his own consulting, tax, and accounting practice 19 years ago in Enid, Oklahoma. He provides consulting, auditing, and tax planning and preparation services for a wide variety of individual clients and industries. Mr. Sheets started with a Big Eight accounting firm in Tulsa, Oklahoma and then was with a large, local CPA firm in Enid, Oklahoma for 15 years. He has written and led seminars for leading providers of CPE for over 29 years on various topics including real estate accounting, construction accounting and tax, fraud, bank auditing, tax issues for nonprofit organizations, compilation and review, cash and tax basis financial statements, and nonprofit accounting and auditing.
Non-Member Price $225.00
Member Price $160.00