Top Accounting and Auditing Issues for 2018 CPE Course: Module 2 (Currently Unavailable)

Author: Pat Patterson

This ten CPE hour course reviews top auditing issues: Government Auditing: Current Developments, Auditing: Employee Benefit Plans, Going Concern (SAS 132), New Clarified Attestation Standards, and Introduction to Preparation Engagements.

Publication Date: October 2017

Designed For
CPAs, Tax Professionals

Topics Covered

• Auditing
• Current developments
• Going Concern (SAS 132)
• SSAE 18
• SSARS 21
• AR-C Section 70
• SSARS 22
• SSARS 23

Learning Objectives

• Cite the status of generally accepted government audit standards
• Recall key issues surrounding implementation of new uniform guidance on federal award reporting
• Summarize the nature and purpose of internal control of a government or nonbusiness entity
• Describe the revised Ginnie Mae securities guidance in the HUD Audit Guide
• Cite government audit deficiencies identified by the AICPA through its Peer Review Program
• Describe common employee benefit plans and their nature
• Summarize how plan reporting interacts with federal laws and regulations
• List the basic financial statements of common employee benefit plans
• Identify the role that fair value measurements play in plan reporting
• Cite the key audit areas for employee-benefit-plan financial statements
• Explain how a plan's use of service organizations affects the audit
• Recognize the major complexities of the issues of going concern and their impact on reporting and disclosure
• Identify the differences between the GAAP and GAAS issues of going concern
• Properly record, report, and disclose the various issues in the going concern area
• Identify key provisions of SSAE 18, Attestation Standards: Clarification and Recodification
• Understand the requirements relevant to the attestation engagement being performed
• Explain the reporting on the subject matter or assertion
• Communicate as required by the applicable AT-C section
• Understand key concepts of preparation engagements
• Recognize the purpose and requirements of SSARS 21
• Identify the requirements of AR-C Section 70, SSARS 22, and SSARS 23
• Answer frequently asked questions about preparation engagements

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Auditing (10 hours)

Program Prerequisites
Basic knowledge of auditing principles

Advance Preparation
None