In this 2 hour course Pat Patterson will review the new pronouncements from AICPA’s Auditing Standards Board, their proposals, and issues up to date of the course.
This course informs participants of the latest issues from the ASB and the AICPA for private entities.
Newly released auditing issues from the AICPA are visited as deemed appropriate.
Items regarding Quality Management Standards are highlighted.
Publication Date: September 2025
Designed For
Professionals in public practice, business, industry, government, not-for-profits, and education who deal with nonpublic entities and wish to stay current on professional auditing standards.
Topics Covered
- New releases, SASs 142, 143, 144, 145, 146, 147, 148, and 149 from the AICPA's Auditing Standards Board (ASB) plus any other SASs and Ethics changes from the AICPA including NOCLAR
- New releases for SQMS No. 1, No. 2 and No. 3. plus, any later SASs from the AICPA regarding Quality Management
- New Attestation Standards (SSAEs) released
- Further updates that impact the auditing professional standards including new Quality Management Standards and their requirements
- Discussion of other matters and releases deemed appropriate and timely
Learning Objectives
- Recognize the auditing pronouncements that impact private companies from the ASB of the AICPA and identify other new audit releases that may affect the non-issuing (Private) entities
- Recognize any new auditing standards recently issued and identify some of the Auditing Standards that are substantive
- Recognize SASs that supersede the existing requirements
- Recognize the statements regarding Statement of Quality Management Standards nos. 1, 2, and 3 and related SAS 146, SSARS 26, and SSAE 23
- Recognize new elements with respect to a firm's system of quality management based on the new requirements of quality management (QM) standards
- Identify correct procedures and statements with respect to SAS 145
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
Basic understanding of auditing standards
Advance Preparation
None
Instructor
Pat Patterson
Cecil Patterson, (Pat), CPA, MBA, is an award-winning, nationally recognized author, speaker, and discussion leader for continuing education courses and numerous state societies. He has experience at the local and national CPA-firm level and as an adjunct university professor.
Pat holds an MBA from the University of North Florida and is a CPA and owner of the firm of Cecil Patterson, CPA. His firm provides, accounting, tax preparation and tax planning services, wealth management services, and consulting for businesses and other professional firms.
Pat has served on the AICPA Council, the FICPA Council, and the FICPA Educational Foundation Board of Trustees.