Many practitioners are requested to perform audits in compliance with multiple sets of auditing standards or in compliance with a set of auditing standards not typically for the majority of the firm’s client base. This course will compare and contrast generally accepted auditing standards (SASs), International Auditing Standards (ISAs), and PCAOB Auditing Standards (ASs).
Comparing the Audit Standards: SASs, ISAs, and PCAOB
Upon completion of this course participants will be able to:
- Discuss the formation and purpose of primary financial statement audit standard setting bodies. • Explain the similarities and differences between the primary financial statement audit standard requirements.
- Describe challenges with complying with multiple standards on the same engagement.
- Discuss an overview of the three primary audit standard-setting bodies.
- Compare and contrast the audit standard requirements of the AICPA, IAASB, and PCAOB. • Explain certain special issues faced in the United States as it relates to financial statement audits. • Describe special considerations when an auditor is required to comply with multiple auditing standards in the same report.
Who Should Attend
Anyone responsible for preparing or attesting upon financial statements