This session provides an overview regarding recent standards that should be top-of-mind for auditors in addition to providing insight regarding auditing standards that will soon be effective.
Learning Objectives
Apply provisions for incorporating risk assessment into audits Recognize fundamental expectations for quality management standards Recall expectations regarding inquiries of a predecessor auditor regarding fraud and noncompliance with laws and regulations Identify salient changes regarding audits of group financial statements
Major Topics
Risk assessment (SAS 145) Quality management standards (SAS 146) Predecessor auditor inquiries (SAS 147) Group financial statement audits (SAS 149)
