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22WS-1254: Surgent's Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Monday, December 19, 2022
Time 8:00am - 11:30am
Central Time
Location Online
CPE credits CPE 4.0
of study
Auditing - Technical (4.0)
Instructor Margaret Thomas, CPA, MHA
Standard Member Fee $159.00
Standard Nonmember Fee $159.00


Professional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of data analytics and artificial intelligence will play a key role in an audit. We are seeing changes already as the AICPA has recently issued standards that significantly modify the form of the independent auditor's report. In addition, its Omnibus standard modifies several professional standards including those on related parties, consideration of fraud and the auditor's communication to those charged with governance. The new auditing standard on employee benefit plan audits makes significant changes in the auditor's report as well as other aspects of an employee benefit plan audit. Another revision, which has also affected the SSARs and SSAEs is a change to the definition of materiality. Other major revisions to professional standards include an updated standard on Audit Evidence and Auditing Accounting Estimates. This program will cover SASs 134 through 143.

Recently issued Statements on Standards for Accounting and Review Services (SSARS) have addressed the consideration of going concern and other significant issues (SSARS 24) and a change in the definition of materiality and changes to the review report (SSARS 25). The AICPA has also recently issued new Statements on Standards for Attestation Engagements on Agreed-Upon Procedures (SSAE 19) and materiality (SSAE 20). Clearly, with regard to professional standards, the only constant is change. This course will provide both insights into the new standards including how to best implement them.

Who should take this program?

Accounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards

Major subjects

  • New SASs on reporting and key audit matters
  • Updated guidance on employee benefit plan audits
  • Going concern considerations in all professional engagements
  • Proposed SSARS on conforming U.S. and international standards
  • Recent changes to the Standards on Attestation Engagements
  • Other AICPA hot topics and standard setting initiatives

Learning objective(s)

  • Identify and understand the requirements of recently issued SASs and SSARS
  • Develop implementation tips and best practices related to these new standards
  • Implement best practices for enhancing engagement quality


Course code Code 22WS-1254
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Experience in accounting and auditing

If you have questions about this event, please call us at 952-831-2707.