Top Accounting and Auditing Issues for 2018 CPE Course: Module 2
Author: Pat Patterson
| CPE Credit: |
10 hours for CPAs |
This ten CPE hour course reviews top auditing issues: Government Auditing: Current Developments, Auditing: Employee Benefit Plans, Going Concern (SAS 132), New Clarified Attestation Standards, and Introduction to Preparation Engagements.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: October 2017
Designed For
CPAs, Tax Professionals
Topics Covered
- Auditing
- Current developments
- Going Concern (SAS 132)
- SSAE 18
- SSARS 21
- AR-C Section 70
- SSARS 22
- SSARS 23
Learning Objectives
- Cite the status of generally accepted government audit standards
- Recall key issues surrounding implementation of new uniform guidance on federal award reporting
- Summarize the nature and purpose of internal control of a government or nonbusiness entity
- Describe the revised Ginnie Mae securities guidance in the HUD Audit Guide
- Cite government audit deficiencies identified by the AICPA through its Peer Review Program
- Describe common employee benefit plans and their nature
- Summarize how plan reporting interacts with federal laws and regulations
- List the basic financial statements of common employee benefit plans
- Identify the role that fair value measurements play in plan reporting
- Cite the key audit areas for employee-benefit-plan financial statements
- Explain how a plan's use of service organizations affects the audit
- Recognize the major complexities of the issues of going concern and their impact on reporting and disclosure
- Identify the differences between the GAAP and GAAS issues of going concern
- Properly record, report, and disclose the various issues in the going concern area
- Identify key provisions of SSAE 18, Attestation Standards: Clarification and Recodification
- Understand the requirements relevant to the attestation engagement being performed
- Explain the reporting on the subject matter or assertion
- Communicate as required by the applicable AT-C section
- Understand key concepts of preparation engagements
- Recognize the purpose and requirements of SSARS 21
- Identify the requirements of AR-C Section 70, SSARS 22, and SSARS 23
- Answer frequently asked questions about preparation engagements
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Auditing (10 hours)
Program Prerequisites
Basic knowledge of auditing principles
Advance Preparation
None
