Public Company Auditing Update Webinar

To provide CPAs and other finance professionals with a practical update on current PCAOB standards, inspection findings, and regulatory developments, enabling them to better understand evolving audit requirements, assess compliance risks, and strengthen audit quality and documentation practices.

• PCAOB changes and updates:
  – Staff changes
  – Budget approvals
• PCAOB inspection results:
  – Inspections by selection method
  – Audit inspections by industry
  – Audit deficiency findings
  – Common PCAOB deficiencies for brokers and dealers
• PCAOB inspection areas of focus in the current inspection cycle
• New PCAOB standards and rules:
  – AS 1215: audit documentation
  – AS 2310: confirmation process
  – Designing and performing audit procedures that involve technology-assisted analysis of information in electronic form
  – AS 1105: audit evidence
  – New quality control standard
• Newly proposed amendments to existing PCAOB standards and rules
• Recent regulatory actions and sanctions by the PCAOB
• QC 1000 implementation developments
• Technology-assisted auditing and emerging AI considerations

Zohaib Qamar, Partner, Citrin Cooperman & Company LLP

To provide CPAs and other finance professionals with a practical update on current PCAOB standards, inspection findings, and regulatory developments, enabling them to better understand evolving audit requirements, assess compliance risks, and strengthen audit quality and documentation practices.

DETAILED LEARNING OBJECTIVES

• Identify proposed legislative changes affecting the PCAOB’s structure and oversight responsibilities

• Recognize recent PCAOB leadership and governance changes

• Identify common audit deficiency areas highlighted in recent PCAOB inspection reports

• Understand PCAOB inspection selection priorities related to economic and geopolitical risks

• Recognize new auditor confirmation requirements under PCAOB standard AS 2310

• Understand the risk-based approach required under the PCAOB’s new Quality Control standard

• Identify key changes to auditor responsibilities and documentation timelines under PCAOB standard AS 1000

• Understand proposed PCAOB requirements related to noncompliance with laws and regulations (NOCLAR)

• Recognize proposed updates to substantive analytical procedures to reflect risk assessment and technology use

• Identify common themes in recent PCAOB enforcement actions and sanctions

• PCAOB changes and updates:
  – Staff changes
  – Budget approvals
• PCAOB inspection results:
  – Inspections by selection method
  – Audit inspections by industry
  – Audit deficiency findings
  – Common PCAOB deficiencies for brokers and dealers
• PCAOB inspection areas of focus in the current inspection cycle
• New PCAOB standards and rules:
  – AS 1215: audit documentation
  – AS 2310: confirmation process
  – Designing and performing audit procedures that involve technology-assisted analysis of information in electronic form
  – AS 1105: audit evidence
  – New quality control standard
• Newly proposed amendments to existing PCAOB standards and rules
• Recent regulatory actions and sanctions by the PCAOB
• QC 1000 implementation developments
• Technology-assisted auditing and emerging AI considerations

Zohaib Qamar, Partner, Citrin Cooperman & Company LLP