Webinar (CPA Crossings): How SAS Nos. 134-145 Improve Risk-Based Audits

After attending this presentation you will be able to…

• Identify new requirements related to audit reporting and required by-product communications
• Recall core concepts fundamental to obtaining sufficient and appropriate audit evidence in compliance with recently-issued auditing standards
• Recognize recent clarifications and enhancements made to improve the quality of the risk-based audit process
• Recall significant new requirements of SAS Nos 134-145

The major topics that will be covered in this class include:

• Key changes to audit report elements intended to improve the understandability of the nature and results of financial statement audits
• Enhanced required by-product communications with management and those charged with governance to promote more reliable financial statements
• Clarifications related to obtaining sufficient and appropriate audit evidence, including significant unusual transactions, related parties, going concern uncertainty, and accounting estimates
• New definitions and requirements related to identifying and evaluating risks of material misstatement
• Other important matters contained in SAS Nos. 134-145