Surgent's Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment
Overview
Professional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of technology will play a key role in an audit and professional skepticism, independence, and quality are emphasized. We are seeing changes already as the AICPA has issued 15 new standards since 2019. This program will discuss SASs 134 through 149.
Highlights
- AICPA hot topics and standard setting initiatives
- Discussion of suite of nine integrated SASs effective for years ended December 31, 2021
- Discussion of the standard on audit evidence effective for years ended December 31, 2022
- Discussion of the standard on auditing accounting estimates and disclosures effective as of December 31, 2023
- Discussion of the two standards on use of specialists and information from a pricing service, and the newly updated risk assessment standard effective for years ended December 31, 2023
- Discussion of standards that are effective beginning in 2025, including those dealing with client acceptance and questions asked of the predecessor auditor, the partner’s responsibility for engagement quality, group audits, conforming changes to compliance auditing, and more
Prerequisites
Experience in accounting and auditing
Designed For
Accounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards
Objectives
- Identify and understand the requirements of recently issued SASs and SSARS
- Develop implementation tips and best practices related to these new standards
- Implement best practices for enhancing engagement quality
Preparation
None
Leader(s):
Leader Bios
Marci Thomas, Surgent McCoy Self Study
Marci Thomas, MHA, CPA, CGMA, licensed as a CPA in Georgia and North Carolina, is an author and nationally recognized speaker on various accounting and auditing topics to companies, nonprofits, CPA firms, and state societies of CPAs around the country. Marci writes and teaches courses in governance, grants accounting, grant compliance, auditing, internal control and not-for-profit accounting. She is an adjunct professor in the School of Public Health at the University of North Carolina at Chapel Hill. She also works with numerous accounting firms, performing quality control and efficiency reviews; and with boards on strategic planning, internal control, and governance issues. Marci serves on the Not-for-Profit Committee for the North Carolina Association of CPAs. She is a frequent speaker at local, regional, and national conferences. Marci is an author of a book published by Jossey Bass in 2020, Health Care Financial Management. Her book Best of Boards: Sound Governance and Leadership for Nonprofit Organizations was published by the AICPA and Wiley Publishing in 2018, and is on its second printing. Marci received her Bachelor in Business Administration with a concentration in accounting from the Georgia State University and her Masters in Health Administration at the University of North Carolina at Chapel Hill.
Non-Member Price $199.00
Member Price $179.00