FMN Auditing

FMN - 2017/December, Seg.2 - Are You Ready for the New Auditor's Report?

Course Overview
The Public Company Accounting Oversight Board recently adopted a new standard, designed to enhance the relevance and usefulness of the auditor’s report by providing investors and users with a discussion of critical audit matters. These are matters that have been communicated to the audit committee, particularly those involving "especially challenging, subjective or complex auditor judgment." Michael R. Young, a partner of Willkie Farr & Gallagher LLP, reviews the dilemma that auditors and financial executives may now face: how to prevent the new disclosure from influencing or inhibiting their frank discussions.



Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize what a critical audit matter is;
  • Identify the speaker’s concerns with the proposed PCAOB standard on critical audit matters;
  • Recognize what is involved in the critical audit matter test; and
  • Identify the issues related to auditor term limits.

Content Partner:

FMN online

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.


Prerequisites/Advanced Preparation:

Work experience in financial reporting or auditing, or an introductory course in auditing.

Speaker / Author:

FMN Online
SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 9 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Sound card with speakers/headphones
  • Windows or Mac OS

Buy

Price (USD)

Standard Rate: $69.90

Details

Course Code : FMN1233-FM

Release Date : 11/08/2017
Expire Date : 07/13/2019
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Auditing

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