On June 3rd, the PCAOB Board introduced a comprehensive proposal, PCAOB Release No. 2023-003, outlining new auditing standards. These proposed standards mandate auditors to consider a company's compliance with laws and regulations while conducting audits.
The proposal, known as "Responding to Noncompliance With Laws and Regulations" (NOCLAR), entails significant revisions and amendments to current auditing standards. Its primary aim is to identify laws and regulations that, if disregarded, could have a substantial impact on a company's financial statements during the audit process.
Under the NOCLAR proposal, auditors will be required to gain a deep understanding of a company's operations, including the legal and regulatory landscape, as well as management's processes related to identifying laws and regulations that could significantly affect the financial statements.
This event will shed light on the major changes to the PCAOB AS requirements triggered by the NOCLAR proposal. It will also provide participants with an overview of the NOCLAR framework. The primary focus of this one-hour morning CPE training event will be on educating CPA firm staff members responsible for ethics and client management. However, CPAs working outside of assurance services will also be informed of their new responsibilities.
Each attendee will be granted 1 CPE Hour (YB) upon completion of the event, and a certificate of completion will be issued.To participate in this valuable CPE seminar, the retail cost per attendee is $75.00.
PCAOB NOCLAR - Non-compliance with Laws and Regulations
Offered every six weeks on Tuesdays at 1:00 p.m. to 2:00 p.m. Central Time in one CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.