Getting SASsy - A Look at Recent Auditing Standards

Overview

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
  

Highlights

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