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RECENT AUDIT STANDARDS

CPE Processing Fee$10.00  Webinar TranscriptionN/A     Presentation Length Hour(s)1.0 hour  CPE1.0  Subject AreaAuditing  Course LevelBasic  Instructional MethodQAS Self-Study   PrerequisitesNone  Advance PreparationNone  Recorded DateJul 11, 2017  Date OfferedAug 15, 2017  Who should attend?CFO / Controller
CPA - small firm
CPA - medium firm
CPA - large firm 
Course Description

Each year, companies and their outside accountants have to deal with various new auditing, review, and compilation standards. Often, these standard are issued a couple of years in advance of being effective. The earlier that companies and their outside accountants are aware of the standards and their effect, the earlier that companies can ready their financial reporting systems to be ready to respond to an outside accountant’s requests, thus possibly aiding in a more efficient engagement with the outside accountant. This presentation will take an overview of the standards issued so far this year to help companies, and their outside accountants, understand coming changes.

Learning Objectives

  • Identify changes in attest audit standards, and identify circumstances in which they apply.

Testimonials

"A great deal of detailed material presented in a very effective manner. Great presenter."

"Excellent presentation and great handout materials thanks to Steven and CPA Academy."

"Great content, Informative on audit standard updates with relevant examples."

"Great information and insight shared regarding new auditing standards."

"One of the best speakers I have ever heard on your site and it is a very difficult topic to explain. His statements were concise and to the point, he had great examples and he wrapped everything up in perfect timing."

"Steve Morrison is a wealth of information and an excellent communicator. He presented the information clearly, effectively and engaging! I would greatly appreciate more webinars from him."

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Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 12:00 minutes
QUESTION 2: 36:00 minutes
QUESTION 3: 59:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Steven Morrison, CPA, is a principal in the Audit Department at MBAF and works with both public and private companies in various industries including those with international operations. Steven is active in the planning and execution of audit engagements bringing experience in a variety of industries including automotive dealerships, freight forwarding/mail courier, retail, and wholesale/distribution. Steven also addresses specific issues for companies in a variety of other industries and has experience in effectively communicating simple and complex technical matters to all levels of personnel at clients. His responsibilities also include advising engagement teams on accounting and auditing matters. He is a member of the AICPA’s Auditing Standards Board, a senior committee for auditing, attestation and quality control applicable to the performance and issuance of audit and attestation reports for non-issuers. The board’s responsibilities include developing, updating and communicating comprehensive standards and practice guidance that enable practitioners to provide high-quality objective audit and attestation services in an effective and efficient manner. Previously, he was a member and chair of the Florida Institute of CPAs Accounting Principles and Auditing Standards Committee which develops responses to exposure drafts of various authoritative accounting and auditing bodies such as the AICPA, FASB, and PCAOB. Also, he was previously a member of the AICPA National Advanced Accounting and Auditing Technical Symposium (NAAATS) Steering Committee.

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NASBA Approved

CPAwebengage, Inc. (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211

About Our Presenter

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Founded in 1969, MBAF is ranked nationally as a Top 40 accounting and advisory firm and has been named one of the Best of the Best firms in the country by INSIDE Public Accounting for many years running because of our demonstrated long-term consistency and exceptional performance. More than 500 highly qualified principals and employees serve domestic and international clients across a broad range of industries and practices from our offices across the country.