Description
The Chairs of the ASB and the ARSC as well as a senior manager from the AICPA’s Audit and Attest Standards Team will discuss recently issued standards for audits (SASs), preparation, compilation, and review engagement (SSARSs), and attestation engagements (SSAEs). The presenters will also discuss the ASB’s and the ARSC’s active agendas including ongoing efforts to enhance the standard setters’ outreach to stakeholders regarding proposed standards and post-implementation reviews of issued standards.
Also featured will be a discussion of the current status of the ASB’s projects to:
• Revise and expand the auditor’s report
• Focus auditor attention on financial statement disclosures as part of the risk assessment process and throughout the audit process
• Revise the attestation standards to enable a practitioner to perform an examination, review, or agreed-upon procedures engagement without having to request a written assertion from the responsible party
• Revise the auditor’s performance and reporting responsibilities with respect to ERISA audits
Discussions will also include:
• The joint ASB/ARSC project to provide greater flexibility for practitioners performing agreed-upon procedures engagements
• Continuing practice issues with respect to engagements to prepare financial statements as well as preparation and compilation of prospective financial information in accordance with SSARS 23
• Recently issued SSARS 24
Speaker(s):
- Mike
Fleming,
CPA,
Principal,
Rehmann Robson, LLC
- Mike
P. Glynn,
CPA, CGMA,
Senior Manager - Audit & Attest Standards,
AICPA
- Mike
Santay,
CPA,
ASB Chair,
Grant Thornton LLP