In this CPE training event on AS 1201: Supervision of the Audit Engagement, we explore the key points and requirements of AS 1201, which focuses on strengthening audit supervision and ensuring the accuracy and effectiveness of audit engagements. Our goal is to equip you with the knowledge and skills to enhance your audit supervision practices.
- Understanding the Objective: The objective of AS 1201 is to emphasize the importance of proper supervision in audit engagements. Supervision ensures that engagement team members perform their work accurately and effectively.
- Strengthened Planning and Execution: The amendments to AS 1201 aim to enhance lead auditors' supervision of other auditors involved in the engagement. Proper planning and execution of audits are crucial for maintaining high-quality standards.
- Requirements for Supervision: AS 1201 establishes clear requirements for lead auditors in planning and supervising audits. Supervision includes overseeing the work of team members and ensuring compliance with auditing standards.
- Maintaining Audit Quality: Effective supervision helps maintain the overall quality and integrity of the audit process. It ensures that all audit procedures are performed with due care and in accordance with professional standards.
- Enhancing Client Confidence: By implementing robust supervision practices, auditors can build trust and instill confidence in their clients. Clients rely on auditors to provide accurate financial information, and proper supervision helps achieve this goal.
As auditors, it is essential to understand and implement the requirements of AS 1201 to enhance the supervision of audit engagements. This one-hour CPE training event has provided you with an overview of the key points covered in AS 1201, emphasizing the importance of proper planning, execution, and supervision. By adopting these practices, you can strengthen the quality of your audits, build trust with clients, and ensure compliance with professional standards.
Each participant will earn 1 CPE hours (YB) and receive a certificate of completion, validating their proficiency in applying PCAOB Auditing Standard 1105.
Don't miss this opportunity to enhance your understanding of audit risk and its role in forming reliable audit opinions. Register now to gain valuable insights and techniques that will elevate your effectiveness in conducting PCAOB regulated audits.
PCAOB AS 1201: Supervision of the Audit Engagement
Being offered on Thursday every six weeks at 1:00 p.m. to 2:00 p.m. Central Time.