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A NASACT Training Webinar
Wednesday, February 29, 2012
2:00 - 3:50 Eastern Time
NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of training events addressing timely issues in government auditing and financial management.
It has been years in the making, but with the issuance of SAS No. 122, Statements on Auditing Standards: Clarification and Recodification, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants completed a major portion of its “Clarity Project.”
SAS No. 122 (also known as the “Super SAS”) brings together and codifies 39 clarified SASs that the ASB had finalized, but had not issued, during the past three years. Because the Clarity Project spanned several years, some of the earlier clarified standards needed to be updated to reflect, among other things, amendments to certain SASs and changes in SAS titles, terminology, and formatting that were introduced towards the latter part of the project. In preparation for SAS No. 122, the clarified SASs were reviewed and fine-tuned to identify and eliminate inconsistencies and to verify cross-references.
SAS No. 122 also adds a preface to the Codification of Statements on Auditing Standards titled, Principles Underlying an Audit Conducted in Accordance With Generally Accepted Auditing Standards. These principles provide a framework that is helpful in understanding and explaining an audit. Further, these principles address the purpose of an audit, the personal responsibilities of the auditor, the auditor’s actions in performing an audit, and auditor reporting.
This webinar, the first of a two-part series on the clarity standards, will provide an overview on:
- Which standards changed?
- Which standards are still being worked on?
- How much is different?
- How will the new standards affect my audits?
- What do I need to know now?
This webinar will discuss the answers to those questions and allow you the opportunity to ask your own.
Join Randy C. Roberts, Professional Practice Director for the Arizona Office of the Auditor General, for this informative two-hour training session. Randy served as a member of the Auditing Standards Board from 2008 through 2010 during the majority of the deliberations of the Clarity Project. He has served, and continues to serve, on various AICPA task forces.
| Date: |
Wednesday, February 29, 2012 |
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| Time: |
2:00 - 3:50 p.m. ET |
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| Speakers: |
Randy C. Roberts, Professional Practice Director for the Arizona Office of the Auditor General, and former member of the AICPA Auditing Standards Board |
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| CPE: |
Two credits |
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| Cost: |
$249.00 per group (unlimited attendance); $50 per person; |
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Agenda: |
2:00 - 2:05 |
Welcoming Remarks - Kinney Poynter, Executive Director, National Association of State Auditors, Comptrollers and Treasurers |
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2:05 - 3:20 |
Clarifying the Clarity Standards: An Overview
Randy C. Roberts, Professional Practice Director for the Arizona Office of the Auditor General, and former member of the AICPA Auditing Standards Board |
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3:20 - 3:45 |
Live Q&A - moderated by Kinney Poynter |
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3:45 - 3:50 |
Wrap-up - Kinney Poynter |
| Register: |
Register HERE |
Instructions and Materials: |
An email will be sent Monday, February 27, by 4:30 p.m. ET to all who have registered for this conference with the instructions on how to join the webinar and a link to the materials. Please note the instructional email will be sent only to the email address attached to the registration. |
Learning Objectives: |
At the conclusion of this webinar, participants will be able to:
- Identify the major revisions of recently issued SAS No. 122 (the “Super SAS”)
- Understand how the new requirements differ from the previous standards
- Apply the new standards in future audits
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Delivery Method: |
Group-Live (for group settings) or Group-Internet Based (for individuals) |
Level of Knowledge: |
Overview |
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Experience Prerequisite: |
All government officials and employees are encouraged to attend. No prerequisites are required. No advance preparation is necessary. |
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The National Association of State Auditors, Comptrollers and Treasurers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. |
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Speaker Bio: |
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Randy C. Roberts, Professional Practice Director for the Arizona Office
of the Auditor General, and former member of the AICPA Auditing
Standards Board |
Bio |
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Presentation: |
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Randy C. Roberts, Professional Practice Director for the Arizona Office
of the Auditor General, and former member of the AICPA Auditing
Standards Board |
PPT |
PDF |
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(Attending as Individuals) |
| CPE Request Form |
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CPE Request Form |
| Evaluation Form |
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Evaluation Form |
| Sign-In Sheet |
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Sign-In Sheet |
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