Do you understand PCAOB Auditing Standard 2315: Audit Sampling? Audit sampling is the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic of the balance or class. PCAOB Audit Standard 2315: Audit Sampling provides an overview of the guidance for planning, performing, and evaluating audit samples. The purpose of audit samplin...

This PCAOB Auditing Standard 2105: Consideration of Materiality in Planning and Performing an Audit establishes requirements regarding the auditor's consideration of materiality in planning and performing an audit. In interpreting the federal securities laws, the U.S. Supreme Court has held that a fact is material if there is "a substantial likelihood that the . . . fact would have been viewed by the reasonable investor as having significantly...

This training event covers the two different subsections of the PCAOB Auditing Standard 1300. PCAOB Auditing Standard 1301: Communications with Audit Committees requires the auditor to communicate with the company's audit committee regarding certain matters related to the conduct of an audit and to obtain certain information from the audit committee relevant to the audit. PCAOB Auditing Standard 1305: Communications About Control Deficiencies...

"How to prevent and detect corporate fraud!!" Under COSO 2013, Principle 8: "The organization considers the potential for fraud in assessing risks to the achievement of objectives". Corporate fraud is more prevalent today than ever before. Layoffs, pressures, incentives, anonymity, computerization, and lack of privacy are all contributing factors. This CPE event is focused on presenting the internal controls to fraud prevention and detection....

Do you understand PCAOB Auditing Standard 2315: Audit Sampling? Audit sampling is the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic of the balance or class. PCAOB Audit Standard 2315: Audit Sampling provides an overview of the guidance for planning, performing, and evaluating audit samples. The purpose of audit samplin...

This PCAOB Auditing Standard 2105: Consideration of Materiality in Planning and Performing an Audit establishes requirements regarding the auditor's consideration of materiality in planning and performing an audit. In interpreting the federal securities laws, the U.S. Supreme Court has held that a fact is material if there is "a substantial likelihood that the . . . fact would have been viewed by the reasonable investor as having significantly...

This training event covers the two different subsections of the PCAOB Auditing Standard 1300. PCAOB Auditing Standard 1301: Communications with Audit Committees requires the auditor to communicate with the company's audit committee regarding certain matters related to the conduct of an audit and to obtain certain information from the audit committee relevant to the audit. PCAOB Auditing Standard 1305: Communications About Control Deficiencies...

Corporate Compliance Seminars (CCS) has recently completed an analysis of the 2018 PCAOB inspection reports covering the "Big 12" audit firms. This event provides CCS's observations related to these inspections of audit workpapers. External Auditors may find this information useful as they plan and perform current and upcoming audits in 2021. This information will also be useful to an issuer's professional staffs to understand their auditors b...

Corporate Compliance Seminars (CCS) has recently completed an analysis of the 2018 PCAOB inspection reports covering the "Big 12" audit firms. This event provides CCS's observations related to these inspections of audit workpapers. External Auditors may find this information useful as they plan and perform current and upcoming audits in 2021. This information will also be useful to an issuer's professional staffs to understand their auditors b...

Definition: A social media management audit is a series of steps taken to evaluate and optimize critical processes supporting the social media strategy. Performing a social media audit can help any organization to stay on top of its virtual presence. Conducting a social media audit is a key part of managing the operational risks within this social media driven world. This timely, two hour CPE training event is designed for the experienced inte...