Assuring Compliance and Preventing
Financial Statement Errors
CD of Teleconference with Q&A
Conducted on Tuesday, July 8, 2008
Now available on CD
Sponsored by State Income Tax Monitor,
Tax Incentives Alert and Sales & Use Tax Monitor
Accounting Teleconference Advisory Board
Auditing firms continue to wrestle with how to best assess risk of material misstatements in clients' financial statements, under the AICPA’s Auditing Standards Board's Statements on Auditing Standards Nos. 104 through 111.
Along with SAS No. 112 on how auditors should communicate deficiencies to clients, the landscape of financial statement audits has been redrawn over the last year. Generic audits by accounting firms will no longer pass muster in this tougher regulatory environment.
Listen as our panel of accounting profession veterans gives your audit staff not only the letter, but also the intent and nuance, of every material portion of SAS Nos. 104-111.
The panel included:
John Fogarty, Partner, Chairman of Global Auditing Policy Group, Deloitte & Touche, Wilton, Conn.
Jeff Davis, Partner, Rothstein Kass, Roseland, N.J. He has a dozen years of experience in public accounting and has worked on audit engagements for public and private clients in a variety of industries. He was integral in his firm's adoption of SAS 104-111. He is extensively involved with the firm's employee benefits practice and its in-house technology and best practices committees.
Craig Funkhouser, Executive, Crowe Chizek and Co., Oak Brook, Ill. He runs the firm's Assurance and Financial Advisory Services Practice and also supervises audits involving manufacturer and distributor clients. He previously helped multi-national clients with M&A activities.
The panel gives you a more strategic understanding of the new standards and of what you’ll need to do with respect to:
- Understanding the client’s environment and internal controls
- Assessing the risks of material misstatements in financial statements
- Crafting procedures that appropriately respond to the risks
- Improving your documentation between the assessed risks and audit procedures
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $247 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
Self-study CPE is not offered on CD purchases.