Major Audit Issues - 2026
Date: Tuesday, November 24, 2026
Instructor: Salvatore Collemi
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Rapid changes in auditing standards, increased regulatory scrutiny, and evolving Quality Management requirements continue to reshape the audit landscape. This update-focused course provides a comprehensive overview of the most significant issues affecting private‑company audits heading into 2026. Participants will gain clarity on newly issued SASs, the implementation impacts of SQMS No. 1 and No. 2, common deficiencies identified in recent peer reviews, and other authoritative releases that influence audit quality and risk assessment.
Designed for practitioners who need to remain current on AICPA Auditing Standards Board (ASB) pronouncements, this course delivers timely insights, practical implications, and actionable guidance to strengthen engagement performance and ensure compliance with U.S. GAAS. Auditors will leave equipped with updated knowledge to navigate emerging challenges and confidently apply new professional standards.
Who Should Attend
This course is ideal for professionals responsible for conducting, supervising, or reviewing audit engagements.
Topics Covered
- Key audit issues identified in recent peer review cycles
- Newly issued SASs and their practical implications
- Quality Management Standards: SQMS No. 1 and No. 2 updates
- Additional AICPA releases affecting audit performance and documentation
- Implementation challenges and common pitfalls in applying new standards
- Emerging matters and timely industry‑wide issues impacting auditors
Learning Objectives
- Identify new auditing pronouncements issued by the ASB and evaluate their impact on private‑company audit engagements.
- Recognize newly effective SASs and determine which existing requirements they supersede.
- Explain the purpose, structure, and implementation requirements of the new Quality Management Standards (SQMS No. 1 and No. 2)
- Discuss significant audit issues raised in recent peer review findings and how to avoid common deficiencies
- Determine the effective dates for clarified SASs and apply transition considerations in upcoming audits
- Integrate emerging professional standards and interpretations into audit planning, risk assessment, and reporting
Level
Update
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
Basic understanding of auditing standards
Advance Preparation
None
