Surgent's Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment (USS4)
Date/Time
11/5/2026
1:30 PM - 5:00 PM Central
1:30 PM - 5:00 PM Central
Course Registration
Credits
4 Credits
Event Type(s)
Webinars
Event Description
Auditing and assurance professional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of technology will play a key role in an audit and professional skepticism, independence, and quality are emphasized. We are seeing changes annually lately as the AICPA has issued over a dozen new standards since 2019.
The Quality Management Standards are here to stay, and monitoring should already be underway. SAS No. 145 is continuing to present unique issues for firms despite becoming effective in 2023. And the AICPA continues to modernize its other standards to meet the moment. As your one stop shop for AICPA standard setting, this program will discuss SASs 145 through 149, the Quality Management Standards, and other recently issued standards that you need to understand to perform the highest quality engagements in 2026. Let us be your guide so you spend the time where it is needed most — with your clients and with your engagement teams.
Objectives:
Presenters:
Marci Thomas, MHA, CPA, CGMA
Field of Study:
Auditing (4)
Major Topics:
The Quality Management Standards are here to stay, and monitoring should already be underway. SAS No. 145 is continuing to present unique issues for firms despite becoming effective in 2023. And the AICPA continues to modernize its other standards to meet the moment. As your one stop shop for AICPA standard setting, this program will discuss SASs 145 through 149, the Quality Management Standards, and other recently issued standards that you need to understand to perform the highest quality engagements in 2026. Let us be your guide so you spend the time where it is needed most — with your clients and with your engagement teams.
Objectives:
- Understand the reasons why so many standards have been issued in such a short time and what has changed the most with their issuance
- Identify the AICPA’s priorities for 2026
- Gain familiarity with the standards that are on the horizon in 2026 and beyond
- Understand the key components of the AICPA’s Quality Management Standards that your firm must be applying and adhering to in 2026
- Discuss the components of SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, and identify best practices on your audit
- Discuss the components of the newest standards on 2026 calendar year ends and beyond
- 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
Presenters:
Marci Thomas, MHA, CPA, CGMA
Field of Study:
Auditing (4)
Major Topics:
- AICPA recently issued standards, 2026 priorities, and standard setting initiatives
- SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
- SAS No. 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
- SAS No. 147, Inquiries of the Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations
- SAS No. 148, Amendment to AU-C Section 935
- SAS No. 149, Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors and Audits of Referred-to Auditors)
- Statements on Quality Management Standards (SQMS): SQMS No. 1, A Firm’s System of Quality Management; SQMS No. 2, Engagement Quality Reviews; SQMS No. 3, Amendments to QM Sections 10, A Firm’s System of Quality Management, and 20, Engagement Quality Reviews
- Discussion of other standards that are effective beginning in 2025, including those dealing with client acceptance and questions asked of the predecessor auditor, the partner’s responsibility for engagement quality, group audits, conforming changes to compliance auditing, and more
Location
Webinar
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