GOV2211 - AICPA's upcoming standards SAS 142-145 - Impact on SLG

Description

The AICPA has issued a series of auditing standards that will become effective over the next two years:

• SAS 142 - Audit evidence (effective for 12/15/2022 FYEs)
• SAS 143 - Auditing Accounting Estimates and Related Disclosures (effective for 12/15/2023 FYEs)
• SAS 144 - The Use of Specialists and the Use of Pricing Information Obtained From External Sources (effective for 12/15/2023 FYEs)
• SAS 145 - Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement (effective for 12/15/2023 FYEs)

This session will address the key changes from these standards, and the impact they will have on the audits of state and local governments.

Learning Objectives:

• Identify important changes to auditing standards impacting state and local governments.
• Analyze auditor considerations and documentation requirements of the new standards.
• Recognize the key types of audit evidence and when to use them.

Speaker(s):

• Jodi Dobson, CPA, Partner, Baker Tilly
• Stephen W. Blann, CPA, CGFM, CGMA, Owner | Public Sector QC Director, Rehmann

Category: Concurrent Session Onsite and Online