2025 Auditing and Attestation Standards for CPAs: Spring Update
Author: Pat Patterson
| CPE Credit: |
2 hours for CPAs |
This course reviews new pronouncements, proposals, and issues from the AICPA's Auditing Standards Board (ASB) up to the date of the course. This course informs participants of the latest issues from the ASB and the AICPA for private entities.
New and revised audit standards, attestation standards, audit and attestation interpretations and other new pronouncements about auditing from the AICPA are discussed.
Any newly released auditing issues from the AICPA are visited as deemed appropriate.
Publication Date: April 2025
Designed For
Professionals in public practice, business, industry, government, and education who deal with nonpublic entities and wish to stay current on professional standards should attend.
Topics Covered
- Recently issued Auditing Standards Board SASs from the AICPA
- Recent Auditing Standards Board SSAEs on Attestation Engagements from the AICPA as it relates to Quality Management
- A detailed explanation of SAS 145 and SAS 146 is presented to clarify their importance to the profession
- Issues and challenges for audit and accounting firms including Quality Managment Issues and NOCLAR
Learning Objectives
- Recognize the auditing pronouncements that impact private companies from the Auditing Standards Board (ASB) of the AICPA
- Recognize any new auditing standards recently issued and review the Auditing Standards that are substantive
- Recognize SASs superseding the existing requirements
- Recognize the statements regarding Statement of Quality Management Standards (QMS)
- Identify correct statements with respect to AU-C Section 570
- Recognize which SSAE resulted in the completion of the AICPA ASB's Clarify Project
- Recognize new elements with respect to a firm's system of quality management (SQM) based on the new requirements of quality management (QM) standards
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
Basic understanding of auditing standards.
Advance Preparation
None
