Limiting Auditor Liability
This course will discuss the specific recommendations made by the Chamber of Commerce to save the audit profession and explain the recommendations made by the Big Four report on how to change to global financial reporting and public company audit procedures. This course will also define the AICPA’s top 10 technology issues affecting auditors and identify the problems growing with Sarbanes including the significant costs, proposed changes, and its specific impact on small businesses. Finally, students will be able to discuss the requirements of newly issued SAS No. 103 to 120.

Course Publication Date: September 28, 2015

This course is available with NO ADDITIONAL FEE if you have an active self study membership or can be purchased for $40.00!

Author:Steven Fustolo
Course No:AUD-LIMITLIAB-613
Recommended CPE:4.00
Delivery Method:Self Study
Level of Knowledge:Overview
Prerequisites:General understanding of auditing standards
Advanced Preparation:None
Recommended Field of Study:Auditing
  
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Learning Objectives
  • Indicate the specific recommendations made by the Chamber of Commerce to save the audit profession
  • Recognize the recommendations made by the Big Four report on how to change to global financial reporting and public company audit procedures
  • Identify the AICPA’s top 10 technology issues affecting auditors
  • Identify the problems growing with Sarbanes including the significant costs, proposed changes, and its specific impact on small businesses
  • Recognize the impact changes made by Dodd-Frank will have on auditors
  • Indicate how new laws are driving a new profession of whistleblowers
  • Identify the key deficiencies found in peer review

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Sponsor Number: 109423

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