Top Audit Quality Control Review Issues for the AICPA, PCAOB, and GAO 1 CPE

Various professional standard setters are committed to continuously strengthening audit quality. Depending on the nature of the entity being audited, the auditors will need to comply with generally accepted auditing standards (GAAS) promulgated by the American Institute of Certified Public Accountants (AICPA) Statements on Auditing Standards (SAS), Public Company Accounting Oversight Board (PCAOB) Auditing Standards (AS), or Government Accountability Office (GAO) Generally Accepted Government Auditing Standards (GAGAS), also known as the Yellow Book. 

This course focuses on the top issues that these standard setting bodies will focus on in upcoming financial statement audit quality reviews. 

The course reviews pertinent technical guidance and uses real-world examples and case studies to reinforce key points along the way.

Prerequisites

No advanced preparation or prerequisites are required for this course.

Learning Objective

• Discover the role that each professional standard setter plays in relation to high quality financial statement audits.
• Explore the biggest audit issues most likely to be faced in the upcoming audit cycle.
• Identify the most complex and judgmental audit considerations that can negatively impact audit quality.

Last updated/reviewed: March 12, 2024