CAQ October 24 Webcast on New PCAOB Standard
by Terri Eyden on
The Center for Audit Quality (CAQ) will host an October 24 webcast, Communications with Audit Committees: Requirements and Leading Practices, which will examine the PCAOB's new Auditing Standard 16 (AS 16), Communications with Audit Committees.
The webcast will explore effective two-way communication between the auditor and the audit committee, which benefits the audit committee in overseeing the financial reporting process and external audit as well as the auditor in performing the audit.
The CAQ supports proactive engagement between the audit committee and the external auditor on inspections and quality control programs, and it recently released the CAQ Practice Aid, Discussions with Audit Committees about Inspection Findings and Quality Control Matters, to share best practices with public company auditors. The practice aid is consistent with the objectives in the PCAOB's recently released Information for Audit Committees about the PCAOB Inspection Process, intended to inform audit committees about the PCAOB inspection process and the meaning of inspection findings.
The CAQ's webcast will look at these new reports and provide for auditors, audit committees, and others with practical pointers on AS 16 to enhance the relevance, timeliness, and quality of the auditor's communications to the audit committee. Viewers will also hear thoughts and perspectives on leading practices for both auditors and audit committees to promote robust and candid dialogue on significant audit and financial statement matters as well as PCAOB inspections results and other quality control matters.
Date: Wednesday, October 24
Time: 2:30 to 4:00 p.m. ET
- Jay Hanson - Board Member, PCAOB
- Michele Hooper - President and CEO, The Directors' Council; Audit Committee Chair, PPG Industries, Inc.; Member, CAQ Governing Board
- Joe Ucuzoglu - National Managing Partner, Regulatory and Public Policy, Deloitte LLP
Moderator: Cindy Fornelli - Executive Director, Center for Audit Quality
The webcast is free of charge unless CPE is desired. To register, contact Jake Leon, the CAQ's deputy director of communications at (202) 609-8048 or firstname.lastname@example.org.
Source: October 18, 2012, Center for Audit Quality Press Release
You may like these other stories...
The Governmental Accounting Standards Board (GASB) on Monday defined two approaches for measuring assets and liabilities, which officials said will guide the standard-setting organization in establishing accounting and...
The criteria for reporting a discontinued operation on financial statements was revised by the Financial Accounting Standards Board (FASB) on Thursday.According to Accounting Standards Update No. 2014-08, Presentation of...
Tax writers seek Section 179 extensionTwo tax writers – representatives Pat Tiberi (R-OH) and Ron Kind (D-WI) – are seeking to extend long-term a tax break that allows small businesses to immediately deduct the...
Upcoming CPE Webinars
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.