NEW AUDITING STANDARDS: SAS 142-145 - Download Version
This course provides a concise overview of the recently released auditing standards SAS 142 through SAS 145. SAS No. 142 provides expanded guidance on what comprises audit evidence in a financial statement audit. SAS No. 143 addresses the auditor’s responsibilities relating to accounting estimates. SAS No. 144 makes changes in connection with the use of specialists and price information obtained from external sources. SAS No. 145 makes changes to the auditor's understanding of an entity and the assessment of risks of material misstatement. These SASs include significant changes and understanding their impact will be critical in future audits.
Course Prerequisite: None
Course Level: Overview
Field of Study: Auditing
Course Format: Downloadable Text
Recommended CPE Credit: 4 hours