Many practitioners are requested to perform audits in compliance with multiple sets of auditing standards or in compliance with a set of auditing standards not typically for the majority of the firm's client base. This audit standards CPE course will compare and contrast generally accepted auditing standards (SASs), International Auditing Standards (ISAs), and PCAOB Auditing Standards (ASs).
Learning Objectives
Upon completion of this course, participants will be able to:
Recall the formation and purpose of primary financial statement audit standard setting bodies.
Explain the similarities and differences between the primary financial statement audit standard requirements.
Identify challenges with complying with multiple standards on the same engagement.
Major Topics
Discuss an overview of the three primary audit standard-setting bodies.
Compare and contrast the audit standard requirements of the AICPA, IAASB, and PCAOB.
Explain certain special issues faced in the United States as it relates to financial statement audits.
Describe special considerations when an auditor is required to comply with multiple auditing standards in the same report.
