Major Changes to

Auditing Standards

Course Description:

  This course explains the significant changes made to auditing standards by the Auditing Standards Board's Clarity Project that resulted in the issuance of SAS Nos 122-133. The course is written in a format that provides an overview by allowing the reader to review, recall and identify key provisions within the new standar

Learning Objectives:

Upon successful completion of this course, participants will be able to:

•    Recall the structure of the new ASB Clarity Project and how each new standard is segregated
•    Identify examples of headings that should be in the new auditor report
• Identify categories of laws and regulations that are found in AU-C 250
• Identify the scope of communications an auditor should make with respect to non-compliance with laws and regulations
• Identify some of the different types of deficiencies in internal control found in a financial statement audit