Author : | Steven C Fustolo, CPA, MBA |
Course Length : | Pages: 139 ||| Review Questions: 50 ||| Final Exam Questions: 40 |
CPE Credits : | 8.0 |
IRS Credits : | 0 |
Price : | $71.95 |
Passing Score : | 70% |
Course Type: | NASBA QAS - Text - Technical - NASBA Registry |
Primary Subject-Field Of Study: | Auditing - Auditing for Course Id 1380 |
Description : | This course explains the significant changes made to auditing standards by the Auditing Standards Board’s Clarity Project that resulted in the issuance of SAS Nos. 122-133. The course is written in a format that provides an overview by allowing the reader to review, recall and identify key provisions within the new standards. |
Usage Rank : | 0 |
Release : | 2020 |
Version : | 1.0 |
Prerequisites : | General understanding of auditing standards. |
Experience Level : | Overview |
Additional Contents : | Complete, no additional material needed. |
Additional Links : |
Major Changes to Auditing Standards NASBA Registry
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Advance Preparation : | None. |
Delivery Method : | QAS Self Study |
Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
Revision Date : | 18-Dec-2019 |
NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - 1380 |
Keywords : | Auditing, Major, Changes, Auditing, Standards, Auditing, Standards, Board, Clarity, Project, SAS, Nos., 122-133, v10, cpe, cpa, online course |
Learning Objectives : |
Course Learning Objectives After reading the course material, you will be able to:
Chapter I
Chapter II
Chapter III
Chapter IV
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Course Contents : | Chapter I - ASB’s Clarity Project Objectives Introduction Mapping of Old SASs to Replacement Standards Chapter II - Replacement SASs with Substantive Changes AU-C Section 250: Consideration of Laws and Regulations in an Audit of Financial Statements Review Questions and Suggested Solutions AU-C Section 265: Communicating Internal Control Related Matters Identified in an Audit Review Questions and Suggested Solutions AU-C Section 700: Forming an Opinion and Reporting on Financial Statements AU-C Section 705: Modifications to the Opinion in the Independent Auditor’s Report Review Questions and Suggested Solutions AU-C Section 706: Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor’s Report Review Questions and Suggested Solutions AU-C Section 600: Special Considerations- Audits of Group Financial Statements (Including the Work of Component Auditors) AU-C Section 800: Special Considerations- Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks Review Questions and Suggested Solutions Chapter III - Other Selected New SASs- Clarifying Changes Only AU-C Section 200: Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards AU-C Section 210: Terms of Engagement AU-C Section 220: Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards AU-C Section 510: Opening Balances-Initial Audit Engagements, Including Reaudit Engagements AU-C Section 580: Written Representations AU-C Section 805:Special Considerations- Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement AU-C Section 505: External Confirmations Review Questions and Suggested Solutions Chapter IV - SAS Nos. 128-133 SAS No. 128: AU-C Section 610: Using the Work of Internal Auditors SAS No. 129: Amendment to Statement on Auditing Standards No. 122 Section SAS No. 130: An Audit of Internal Control Over Financial Reporting That Integrates with an Audit of Financial Statements SAS No. 131: Amendment to Statement on Auditing Standards No. 122 Section 700, Forming an Opinion and Reporting on Financial Statements SAS No. 132: The Auditor's Consideration of an Entity’s Ability to Continue as a Going Concern SAS No. 133: Auditor Involvement with Exempt Offering Documents Review Questions and Suggested Solutions Glossary |