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Auditing

Surgent’s Auditing PP&E, Including Leases (Audit Skills Training – Level 2) (A2M3) (SSAA10/19)

By |2019-04-23T15:46:39-04:00June 30th, 2019|

Property, plant and equipment can range from low-risk to a high-risk audit area, depending on the nature of transaction and events engaged in by the reporting entity. Construction, capitalized interest and complex leasing arrangements tend to result in higher risk of material misstatement. This module will address tips and techniques for auditing PP&E for various assessed risk levels.

Surgent’s Accounting, Audit, and Attest Update for Practitioners with Small-Business Clients (SMBP) (SSAA107/19)

By |2019-04-23T15:50:51-04:00June 30th, 2019|

Specifically tailored for practitioners who do not perform audits, but provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, compilation, and review standards, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the material in practice.

Surgent’s Advanced Concepts in SSARS 21 and Nonattest Services (SAR4) (SSAA106/19)

By |2019-04-23T15:51:26-04:00June 30th, 2019|

Practitioners who provide non-audit services must strike the right balance between complying with relevant professional and regulatory standards while mitigating litigation and other practice management risks. This course contains many best practices for managing the accounting, reporting, and performance issues associated with the attest services of compilations and reviews where reports are issued, as well as the SSARS 21 preparation of financial statements nonattest service.

Surgent’s Avoiding Audit Documentation and Engagement Wrap-Up Deficiencies (ADED) (SSAA46/19)

By |2019-04-23T15:48:15-04:00June 30th, 2019|

Important activities occur during the engagement wrap-up phase of the engagement that support the auditor's opinion regarding whether the financial statements are materially misstated due to fraud or error. Insufficient audit documentation and engagement wrap-up can result in audit deficiencies that negatively impact audit effectiveness and efficiency. Appropriate quality control procedures can mitigate risk of noncompliance with relevant professional and regulatory standards.

Surgent’s Annual Accounting and Auditing Update (ACAU) (SSAA44/19)

By |2019-04-23T15:51:14-04:00June 30th, 2019|

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of recent standard setting activities of the PCC, FASB, ASB, and ARSC. Not only will this course bring you up-to-date on the requirements, it also provides you with many hands-on examples and illustrations to help you apply the guidance in practice. You'll learn about the latest standards, exposure drafts, and guidance focusing on issues applicable to accountants and attestation practitioners in public accounting and private industry. This course also includes a discussion of common audit quality issues noted in peer reviews; updates practitioners on the latest developments impacting compilation, preparation, and review engagements; and discusses other matters of interest to all accountants.

Surgent’s Auditing Basic Inventory — Performing Observations (Audit Skills Training – Level 2) (A2M4) (SSAA11/19)

By |2019-04-23T15:46:59-04:00June 30th, 2019|

The nature of goods classified as inventory varies widely with the nature of the entity and industry. Depending on the complexity of the inventory and the related pricing model, risk of material misstatement will vary widely as well. This module will primarily focus on performing the inventory observation, while introducing other risk concepts.

Surgent’s Annual Auditing Update (AUU4) (SSAA54/19)

By |2019-04-23T15:46:48-04:00June 30th, 2019|

Designed for accounting, audit and attestation practitioners at all levels in both public accounting and business and industry, this course provides an overview of the new and recent pronouncements and guidance issued by the AICPA Auditing Standards Board (ASB) and Accounting and Review Services Committee (ARSC), as well as other current attestation matters on the radar. This course will bring you up-to-date on the standard setters' activities and provide you with examples and illustrations to help you apply the guidance in practice. You'll learn about the latest standards, exposure drafts, and guidance focusing on issues applicable to accountants and attestation practitioners in public accounting and private industry. This course also includes a financial statement preparation, compilation and review update specifically covering the new SSARS No. 21, Clarification and Recodification and other new SSARS issued during the past year and well as the recodified attestation standards issued under SSAE No. 18.

Surgent’s A&A Hot Topics: Getting a Grasp on the Big Issues Facing the Industry (AAYR) (SSAA42/19)

By |2019-04-23T15:51:20-04:00June 30th, 2019|

With so much going on in the Accounting, Compilations and Review, and Auditing arena lately, it's easy to have missed some of the more important issues and challenges facing the profession today and into the near future. This course, designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, will provide you with a year in review look at some of the more important issues and challenges facing CPAs. We will identify and discuss specific areas within the profession that are likely to affect you and your clients, thereby keeping you "in the know" on these critical topics. Examples and illustrations provide hands-on application to further enhance your understanding of the matters presented.

Surgent’s Annual Accounting and Auditing Update (ACAU) (SSAA43/19)

By |2019-04-23T15:51:22-04:00June 30th, 2019|

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides a comprehensive review of recent standard setting activities of the PCC, FASB, ASB, and ARSC. Not only will this course bring you up-to-date on the requirements, it also provides you with many hands-on examples and illustrations to help you apply the guidance in practice. You'll learn about the latest standards, exposure drafts, and guidance focusing on issues applicable to accountants and attestation practitioners in public accounting and private industry. This course also includes a discussion of common audit quality issues noted in peer reviews; updates practitioners on the latest developments impacting compilation, preparation, and review engagements; and discusses other matters of interest to all accountants.

Surgent’s Small-Business Accounting, Audit, and Attest Update (SMP4) (SSAA108/19)

By |2019-04-23T15:51:07-04:00June 30th, 2019|

Specifically tailored for practitioners who do not perform audits, but provide other attest and non-attest services to small and medium-sized businesses, this course is a comprehensive update covering recently issued accounting, compilation, and review standards, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the material in practice.

Surgent’s Enhancing Audit Quality: Best Practices in Documenting and Reviewing Your Work (SWLD) (SSAA112/19)

By |2019-04-23T15:46:46-04:00June 30th, 2019|

Reviewing workpapers is a critical internal quality control safeguard that ensures issued audit reports are appropriate given the specific engagement's circumstances. There is a presumption that more experienced engagement team members should review work performed by less experienced staff. But, even sole practitioners must be concerned about complying with quality control standards and proper ethical conduct. This course will provide tips and techniques for effective and efficient review of audit workpapers, the success of which heavily depends on an auditor's proper application of critical financial statement audit concepts such as assessing audit risk, applying strong substantive analytical procedures, and evaluating areas of estimates and uncertainty.

Surgent’s Accounting and Reporting Update for Tax Practitioners (AAUP) (SSAA40/19)

By |2019-04-23T15:50:10-04:00June 30th, 2019|

Designed for all tax practitioners, including those who prepare tax basis financial statements for their clients, this course will replenish your accounting and reporting tank with an update of recent standard setting activities at the PCC, FASB, ASB, and ARSC, including the new revenue recognition, lease and financial instruments accounting standards. The course will also review recent FASB updates that impact income tax accounting for stock based compensation and the presentation of deferred taxes on the balance sheet. We will also review the authoritative standards and guidance for performing and reporting on engagements found in SSARS No. 21, Clarification and Recodification and other recently issued SSARS. The course will focus on any changes to common book-tax temporary differences which will result from applying this new guidance and will utilize plenty of hands-on examples and illustrations to increase your overall understanding and application of the material.

Surgent’s Construction Contractors: Critical Accounting, Auditing, and Tax Issues in Today’s Environment (CONS) (SSAA61/19)

By |2019-04-23T15:46:13-04:00June 30th, 2019|

Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also, construction engagements are, in many instances, more "dangerous" than most lines of businesses due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting are so complex, and discuss the relationship between the contractor and the surety, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit, and we will discuss key areas of tax compliance concentrating on those areas which make construction unique including the impact the Tax Cuts and Jobs Act has on the construction industry.

Surgent’s Responsibilities When Reviewing Workpapers (Audit Skills Training – Level 4) (A4M2) (SSAA24/19)

By |2019-04-23T15:47:29-04:00June 30th, 2019|

Audit documentation provides the principal support for an auditor's report. Therefore, it is critical for workpaper reviewers to perform quality control procedures to ensure that professional and regulatory standards are met. In addition, the workpaper review process should be used as a tool for professional development and promoting efficient audits. This module will provide the tips and tools for satisfying these important workpaper reviewer responsibilities.

Surgent’s Auditing Estimates (Audit Skills Training – Level 4) (A4M5) (SSAA27/19)

By |2019-04-23T15:47:31-04:00June 30th, 2019|

Accounting estimates are an approximation of a monetary amount in the absence of a precise means of measurement. The risks of material misstatement for areas of estimation tend to be higher due to the dependence on future events and the intended actions of management. This module will discuss tips and techniques for gathering sufficient appropriate audit evidence to support conclusions related to accounting estimates.

Surgent’s How to Do a GAAS Audit (GAAS) (SSAA84/19)

By |2019-04-23T15:49:12-04:00June 30th, 2019|

In arriving at and providing an opinion on the financial statements, auditors follow approximately 1,000 pages of generally accepted auditing standards (GAAS)! It takes a great deal of effort and energy to keep up with the current requirements. Designed for everyone in the firm, this course will replenish your tank with a deep understanding of GAAS needed to fuel high-performance audits under today's standards. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of today's GAAS.