Getting SASsy - A Look at Recent Auditing Standards

Overview

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.

Highlights

• • Risk assessment (SAS 145)
  • Quality management standards (SAS 146)
  • Predecessor auditor inquiries (SAS 147)
  • Group financial statement audits (SAS 149)
  

Prerequisites

A basic knowledge of generally accepted auditing standards (GAAS)

Designed For

Public accountants who perform audits or employees of organizations who are subject to audits

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
  

Preparation

None