Substantive Analytic Procedures - Strengthening Evidence to Satisfy Audit Objectives will provide the tips and best practice techniques for strengthening substantive analytic procedures in order to reduce over-reliance on tests of details. One of the ways to perform a more effective and efficient audit is to maximize the use of substantive analytic procedures in the detailed audit plan. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for analytical procedures. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

• How analytic procedures enhance audit quality
• Elements of strong analytic procedures
• Selecting the proper analytic, and altering the strength for the intended purpose
• Disaggregating data to make more informed expectations
• Evaluating the data used in generating expectations, including corroborating inquiry
• Improving documentation, including evaluating sufficiency and appropriateness of the audit evidence obtained
• Resolving significant differences resulting from analytic procedures and concluding on audit results

Who will benefit: Accountants responsible for strengthening analytic procedures for a more effective and efficient audit

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

Reviewing Workpapers - Embracing Responsibilities for Quality Control will provide the tips and tools for satisfying important workpaper reviewer responsibilities. Audit documentation provides the principal support for an auditor's report. Therefore, it is critical for workpaper reviewers to perform quality control procedures to ensure that technical, professional, and regulatory standards are met. In addition, the workpaper review process should be used as a tool for professional development and promoting efficient audits. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has workpaper review responsibilities. 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 covered in this course include:

• Documentation as a means of audit quality
• Responsibilities of the workpaper reviewer
• Appropriate review notes at various phases of the engagement, including before and after audit report date and report release
• Important tips for providing reviews notes that will promote an effective and efficient financial statement audit

Who will benefit: Anyone who has workpaper review or quality control responsibilities on audits or other attest engagements

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

What’s new in Peer Review?
During this quarterly webcast, we will update peer reviewers on key recent developments in the AICPA Peer Review program. Please be sure to submit your questions and suggested topics to Peer Review staff so it can be addressed during the presentation!

Learning Objectives:
· Identify recent developments related to the Peer Review Program, including recent Peer Review Board decisions

Who will benefit:
Peer reviewers and those familiar with the report acceptance process and administration of peer reviews.

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING CENTER. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.

This CPE course provides an examination of the recent reports from a selection of Single Audit results. The instructor will go over the most common deficiencies found in Yellow Book and Single Audits and common peer review findings and OIG investigations. This course will also provide examples of common controls, best practices, and mitigation techniques. 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 covered in this course include:

• Overview of Single Audit
• Consequences of Noncompliance
• Overview of findings and observations by compliance requirement
• Single Audit findings and observations from AICPA Peer Review and OIG
• Ways to prevent findings

Who will benefit: CPAs interested in Single Audit updates.

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

This CPE course provides an overview and changes with respect to ASU 2016-14 Presentation of Financial Statements and ASU 2016-18 Restricted Cash and Cash Equivalents in Statement of Cash Flows for Not-for-Profit Entities. This course provides common pitfalls and tips on functional expense reporting and, how to manage liquid resources, common peer review findings related to ASU 2016-14, and tips and suggestions on a successful audit. This course also reviews items to consider, given COVID-19, when preparing for an audit and reviewing financial statements. The instructor will explain the key facts and impacts of ASU 2018-08 Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made, ASU 2019-03: Updating the Definition of Collections, ASU 2019-06: Extending the Private Company Accounting Alternatives on Goodwill and Certain Identifiable Intangibles to NFP Entities, and ASU 2020-07 Presentation and Disclosures by NFP Entities for Contributed Nonfinancial Assets. Lastly, this course will cover Cybersecurity Issues. 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 covered in this course include:

• Presentation of NFP financial statements focusing on ASU 2016-14 and ASU 2016-18 with example disclosures
• Common pitfalls on functional expense reporting
• Tips to consider on functional expense reporting
• Ways to manage liquid resources
• Peer review findings relating to implementation of ASU 2016-14
• Items to consider when preparing for an audit and reviewing financial statements related to COVID-19 (underwater endowments, liquidity, going concern, subsequent events etc.)
• Key facts and impacts on current ASUs
• Cybersecurity issues

Who will benefit: CPAs who want to know changes in respect to NFP reporting and presentation.

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

Audit Reporting Advanced Concepts - Understanding the Impact of General Audit Procedures on Disclosures and Audit Report Modifications will provide guidance for properly altering financial statements and audit reports for certain complex transactions and events that are often uncovered through general audit procedures, such as subsequent testing, reviewing minutes, and more. Each set of financial statements and auditor's report thereon must properly address the unique circumstances of the specific reporting entity's circumstances. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for audit reporting and general audit procedures. 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 covered in this course include:

• Common reasons for modifying audit opinions
• Emphasis-of-matter or other-matter explanatory paragraphs
• General audit procedures to identify relevant transactions and events impacting financial statement presentation and disclosure
• Drafting relevant general footnotes, such as related party transactions, subsequent events, loss contingencies, and more
• Improving the footnote drafting process

Who will benefit: Accountants responsible for drafting footnote disclosures and audit reports

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

Wednesday, December 6, 2023 - *Offered Online Only 

8:30 a.m. – 4:30 p.m. 

8 A&A CPE Credits

Course description: 

Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive course covers relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting, auditing, review, compilation, and preparation engagement arenas. Let us sort through the complexities and help you identify and apply recently issued FASB, PCAOB, ARSC, and ASB standards and guidance. With the rate of change in today’s regulatory environment, you must stay current on the topics impacting the profession — don’t get left behind! 

Learning Objectives: 

Identify key points related to recently issued FASB standards and guidance. 

Recognize the effect of recently issued auditing standards, attestation standards, and standards on accounting and review services. 

Identify key concepts related to exposure drafts and other projects in accounting, auditing, compilation, preparation, and review services. 

Topics Discussed: 

- Recently issued ASUs 

- Current FASB exposure draft and projects 

- Audit and attest engagements update 

- Recent PCAOB guidance 

- Latest activity from ARSC

This session explores tools and techniques that can enhance the efficiency and effectiveness of client engagements and business processes using data analysis tools. We will introduce some of today's popular and software tools and examine the AICPA's Five-step approach to incorporating data analytics into public accounting engagements. 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 covered in this class include:

• Explore new tools and client engagement techniques using data analytics
• Introduction of popular software tools
• Examine the AICPA's Five-Step Approach to data analytics in an audit engagement

Who will benefit: CPAs in public practice or members in industry seeking to better understand how to use data analytics in an audit engagement.

THIS WEBCAST IS HOSTED ON CPA CROSSINGS PLATFORM. ATTENDEES WILL RECEIVE INSTRUCTIONS ON HOW TO ATTEND THE WEBCAST VIA E-MAIL.

Strengthen core competencies in financial accounting, audit & assurance, tax, and ethics at CoreCon 2023. Do more than simply check the compliance box by engaging in next-level learning with national, state and local thought leaders. Get the latest updates for you and your organization on: 

• Financial reporting and auditing 
• State and local tax developments including a legislative update 
• Professional standards and responsibilities
• The economy and what's ahead in 2024

Your documentation matters

Understanding different parts of the employee benefit plan (EBP) audit process and knowing how to think holistically about your audit documentation are essential to successful EBP audits.

Learn the appropriate level of documentation while auditing employee benefit plans in this all-new webcast. Join us to gain valuable knowledge specific to EBP audits, including necessary testing that is not typically performed in other audits.

Real-life examples

Augment your understanding through real-life examples and solutions, as a former employee benefit plan expert panel member and peer reviewer guides you through the webcast.

Apply your new knowledge by working in templates to truly understand EBP audit documentation while learning best practices to incorporate into your audits.

Learning Objectives:
· Recognize areas in employee benefit plan audits that commonly lead to documentation deficiencies.
· Recall the AICPA professional standards that address audit documentation.
· Recall the practical aspects of unique EBP audit planning procedures.
· Recognize effective documentation of all elements of risk assessment.
· Recognize effective documentation of system narratives and walk-throughs.
· Recall documentation concepts for investments and participant notes receivable.
· Identify best practices for documenting audit procedures surrounding contributions and benefit payments.
· Recall documentation for other audit areas not related to specific accounts.

Who will benefit:
· Auditors of employee benefit plans

THIS IS AN AICPA HOSTED WEBCAST. YOU WILL LAUNCH THE COURSE FROM YOUR OSCPA LEARNING CENTER. AICPA WILL ISSUE AND MAINTAIN YOUR CREDITS. PLEASE MAKE SURE TO DOWNLOAD YOUR CPE CERTIFICATE FROM AICPA WEBCAST PORTAL AT THE CONCLUSION OF THE WEBCAST.