SAS 134: Exploring the New Audit Report

Overview

Description:
The standard audit report will soon receive an overhaul. This course investigates major changes to the contents and format of audit reports for private entities while exploring the influence of changes to audit reports for public companies.

Learning Objectives:

After attending the presentation you will be able to...

Identify major changes to the standard audit report
Analyze the way that public company audit reports have impacted reports for private entities
Distinguish required and optional provisions

Program Content:

The major topics that will be covered in this class include:

Examples of current public company audit reports
Implications of SAS No.134
Exploration of illustrative audit report examples
Potential communication of Key Audit Matters (KAMs)

Who should attend: CPAs in public practice who perform audits of private entities and accounting professionals in industry whose financial statements are subject to external audit procedures.

Developed By: Chris Harper, CPA

Instructor: Chris Harper, CPA

CPE Credit: 1.0

Field of Study: Auditing (1 CPE)

Prerequisites: Basic working knowledge of auditing standards.

Advanced Preparation: None

Format: QAS Self Study

Highlights

Examples of current public company audit reports
Implications of SAS No.134
Exploration of illustrative audit report examples
Potential communication of Key Audit Matters (KAMs)

Prerequisites

Basic working knowledge of auditing standards.

Designed For

CPAs in public practice who perform audits of private entities and accounting professionals in industry whose financial statements are subject to external audit procedures.

Objectives

Identify major changes to the standard audit report
Analyze the way that public company audit reports have impacted reports for private entities
Distinguish required and optional provisions