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The AICPA has issued a suite of standards updating the auditor’s report. In this course, we review SAS 134 in detail which provides the basis for the updated audit report and introduces the concept of KAM. Then we provide an overview of the impact of this suite on other information included in an annual report, ERISA reports, special purpose frameworks, and compliance audits. This course is essential for auditors of all levels and will provide the overview you need to consider how to draft your updated audit reports.

Course Key Concepts: New audit report, Materiality, EBP reporting.

Learning Objectives

  • Identify changes to the auditor's report.
  • Recognize changes to the ERISA report.
  • Identify and recall conforming amendments to the 800 and 900 section of the auditing standards.
Last updated/reviewed: May 8, 2022

1 Review (5 ratings)Reviews

5
Member's Profile
This course was tough! Lots of new terms to learn, but it was worth it. Thanks!

Prerequisites

Course Complexity: Intermediate

Prior experience with audit standards of the AICPA

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  0:34Introduction to The New Auditors Report
  9:10SAS 141 and SAS 134
  12:27AU-C 700
  18:05AU-C 700 Cont'd
  9:48AU-C 701
  12:01SAS 135
  6:29SAS 136
  12:58New Report
  12:16SAS 137 and SAS 138
  11:22SAS 139 and SAS 140
CONTINUOUS PLAY
  1:45:10SAS 134-141: The New Auditor’s Report
SUPPORTING MATERIAL
  PDFSlides: The New Auditor’s Report
  PDFThe New Auditor’s Report Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM