View Catalog

How SAS Nos. 134-145 Improve Risk-Based Audits

ID: 59081
Thursday December 28, 2023 12:00PM - 4:00PM
Topics: Audit + Assurance Business + Economic Update
NON-MEMBERS$186.25
MEMBERS$149.00
YOUR PRICE$186.25
Recent generally accepted auditing standards were written to improve the quality of risk-based financial statement audits, audit reporting, and required by-product communications. This course will discuss the important clarifications and enhancements intended to improve audit quality to ensure better compliance with requirements contained in SAS Nos. 134-145. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

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

  • Key changes to audit report elements intended to improve the understandability of the nature and results of financial statement audits
  • Enhanced required by-product communications with management and those charged with governance to promote more reliable financial statements
  • Clarifications related to obtaining sufficient and appropriate audit evidence, including significant unusual transactions, related parties, going concern uncertainty, and accounting estimates
  • New definitions and requirements related to identifying and evaluating risks of material misstatement
  • Other important matters contained in SAS Nos. 134-145
Who will benefit: Anyone with financial statement audit responsibilities