Current Audit Environment and ASB Activity

Overview

Explore the current audit environment, and recognize audit challenges triggered by the current environment.

Provide a comprehensive review of recent audit pronouncements and exposure drafts.

Understand topics critical to success in today's rapidly changing regulatory environment.

Prerequisites

Accounting professionals with audit experience

Objectives

• Identify key responsibilities related to risk assessment in every audit.
• Identify key requirements in recently issued statements on auditing standards and attestation standards.
• Recall proposed changes in exposure drafts of new proposed SASs.
• Recognize key elements included in new quality management standards and related SAS and SSARS.

Highlights

Updates to auditing and attestation standards Recently issued exposure drafts Current environment and implication for audit planning