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Courses/Audit & Assurance/External Audit

The New AICPA Auditor's Report

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Created byMelisa Galasso
4.6
(8 reviews)
IntermediateUpdated Apr 29, 2020
The New AICPA Auditor's Report

What You'll Learn

check_circleUnderstand the major changes introduced by SAS 134 to the auditor’s report.
check_circleIdentify the new structure and presentation requirements of the revised audit report.
check_circleDefine Key Audit Matters (KAM) and determine when they must be included.
check_circleApply best practices for implementing the new reporting standards in your audit engagements.

About This Course

Stay up to date with the most significant change to auditor reporting in decades. This course provides a clear and concise overview of SAS 134, Auditor Reporting and Amendments―Addressing Disclosures in the Audit of Financial Statements, issued by the AICPA. You’ll learn about the new structure and language of the auditor’s report, including the reordering of sections and enhanced transparency.

We’ll also explore the introduction of Key Audit Matters (KAM), including what they are, when they’re required, and how they should be communicated. If you’re an auditor working with financial statements, this course is essential to ensure compliance with new standards effective for periods ending on or after December 15, 2020.

Your Instructor

Melisa Galasso
Melisa Galasso

CPA and Certified Professional in Talent Development

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star404 reviews

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting. Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.

Credit Information

What Students Are Saying

4.6
Student's Choice
8 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.