Surgent’s Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment

Description

The AICPA continues to reshape the auditing profession through an unprecedented pace of standard setting, with increased emphasis on technology, professional skepticism, risk assessment, and engagement quality. Since 2019, numerous new and revised auditing standards have significantly changed how audits are planned, performed, and evaluated.

This course provides an update on recent AICPA standard setting activities, including SASs 142 through 149. It also addresses the AICPA’s quality management standards, which replace traditional quality control requirements with a risk based approach to managing quality at both the firm and engagement levels. In addition, the program highlights emerging developments in fraud related auditing guidance, including the AICPA’s proposed fraud standard currently in exposure draft form.

Designed for accounting and auditing practitioners at all levels, this course helps participants stay current on key changes affecting audit performance, documentation, and engagement quality in a rapidly evolving professional environment.

Objective

Identify and summarize the key requirements of recently issued AICPA auditing standards, including SASs 142–149 Understand recent and proposed changes to fraud-related auditing guidance and their relationship to risk assessment and professional skepticism Evaluate how recent standard-setting developments affect audit planning, performance, and documentation Apply high-level implementation considerations to enhance engagement quality and compliance with evolving AICPA standards

Advanced Preparation

None

Required Knowledge

Experience in accounting and auditing

Who Should Attend

Accounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards

Credit Types

CPE – Auditing