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Various professional standard setters are committed to continuously strengthening audit quality. Depending on the nature of the entity being audited, the auditors will need to comply with generally accepted auditing standards (GAAS) promulgated by the American Institute of Certified Public Accountants (AICPA) Statements on Auditing Standards (SAS), Public Company Accounting Oversight Board (PCAOB) Auditing Standards (AS), or Government Accountability Office (GAO) Generally Accepted Government Auditing Standards (GAGAS), also known as the Yellow Book. 

This course focuses on the top issues that these standard setting bodies will focus on in upcoming financial statement audit quality reviews. 

The course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.

Learning Objectives

  • Discover the role that each professional standard setter plays in relation to high quality financial statement audits.
  • Explore the biggest audit issues most likely to be faced in the upcoming audit cycle.
  • Identify the most complex and judgmental audit considerations that can negatively impact audit quality.
Last updated/reviewed: October 17, 2018

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

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
  1:14Introduction to Top Issues that the AICPA, PCAOB, and GAO will Focus on in Their Upcoming Financial Statement...
  4:18Overview of Professional Standard Setters
  10:34Professional Conduct
  10:49Transitioning to New Standards
  9:46Properly Identifying and Responding to Audit Risk
  8:19Cybersecurity Risks
  7:36GAO Special Considerations
CONTINUOUS PLAY
  52:35Top Issues that the AICPA, PCAOB, and GAO will Focus on in Their Upcoming Financial Statement....
SUPPORTING MATERIALS
  PDFSlides: Top Issues
  PDFTop Issues Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM