The New Clarified GAAS - SAS No 122  (NCAS)

8.00 CPE Credit Hours

The AICPA Clarified Auditing Standards are now effective. As you are implenting the standards, make sure you are focusing in on the most critical issues.

Designed For
All CPAs.

Objective
To familiarize CPAs with the newly issued codification of AICPA Generally Accepted Auditing Standards, applicable to all GAAS audits.

Highlights
Key changes to critical GAAS provisions. The ASB Clarity Project. New GAAS codification document. Overall objectives of the independent auditor. Fundamental principles that govern and audit. New format and organization of all U.S. GAAS. Risk assessment issues. Changes to audit documentation requirements. Revised definition of fraud. Newly established "preconditions" for an audit. New engagement letter. New management representation letter. Revised guidance of the use of external confirmations. Expanded communication to those charged with governance. Revised reporting requirements. Audits of group financial statements.

Prerequisites
General knowledge of U.S. Generally Accepted Auditing Standards

Advanced Preparation
None

Developer
Paul Koehler CPA

Presenters
Paul Koehler,

Level of Knowledge
Update