This webinar will provide tools and techniques in business development for managers, senior managers and Partners of CPA firms.
In this webinar, we will discuss significant pronouncements by the AASB (Auditing and Assurance Standards Board) and their implications for assurance practitioners.We will also provide action steps to help practitioners affected by current or soon to be effective changes to the assurance standards.These include significant changes to the Canadian Standards on Quality Control, the Canadian Auditing Standards and the Compilation Standards
In this webinar, we will examine the key changes to the revised Canadian Auditing Standards (CAS) 315 Identifying and Assessing the Risks of Material Misstatement. The revisions to this standard will result in significant changes to the audit planning and risk assessment process for all audits. This revised CAS will be effective for audits of financial statements on or after December 15, 2021.
Key changes include:
- Enhanced guidance on the auditor’s understanding of internal controls
- Introduction of new IT-related concepts (including data analytics)
- New concepts and terms related to risk assessment, such as stand-back and spectrum of inherent risk
It is strongly recommended that audit practitioners understand these key changes to CAS 315 as soon as possible as they will significantly affect all firms’ audit methodologies.
In this webinar, we will examine the Canadian Standard on Quality Management (CSQM) 1 and CSQM 2, which is proposed to replace the Canadian Standard on Quality Control (CSQC 1).
CSQM 1 provides a new approach to quality management at the firm level including guidance on a risk assessment process. The standard sets out what is needed in a firm’s quality control to manage the quality of engagements performed by the firm. CSQM 2 provides guidance on engagement quality reviews. Guidance for both quality management and engagement quality reviews are currently contained in CSQC 1.
The webinar will examine key differences between CSQM 1 and 2 compared to CSQC 1 to help firms prepare for the future transition to the new quality management standards.
In this webinar, we will first examine how the coronavirus has disrupted the ways in which auditors traditionally gather evidence such as the use of inquiry, inspection, and observation (CAS 500). For example, how do we gather evidence for the assertions of existence and valuation of inventory if the auditor is not able to observe test counts because of the coronavirus.
It is not hyperbole to say that this is the most challenging time to conduct an audit in our profession’s history. Our ability to communicate with our teams and clients has been complicated by social distancing and working remotely. The consequence for our profession is a need to reexamine how we plan and conduct the audit for many of our clients as the same as last year (SALY) approach may be inefficient and impractical because of the pandemic. Also, there may be increased fraud and significant risk factors to your audit clients resulting from the negative economic consequences of the pandemic.
In this webinar, we will examine key areas of the Canadian Audit Standards and provide alternative ways of gathering evidence that may be more efficient and reliable during the pandemic. We will also provide best practices to help auditors communicate with their teams and clients.
In this webinar, we will use case studies to apply specific areas of the CPA code of professional conduct (“code”) and the Assurance handbook to examine our ethical responsibilities and challenges within our profession.
This webinar will also introduce a critical thinking methodology that will be applied to an ethical decision-making framework. Finally, we will explore current events relevant to the profession to understand how to deepen our ethical decision-making framework.
In this webinar, we will examine how auditors traditionally see and use data analytics which includes summary statistics such as averages, means and standard deviation. However, data analytics are much more than summary statistics. The goal of this webinar is to help auditors move into a data analytics mindset.
The webinar will introduce audit data analytics (ADA) including data visualization techniques. The benefits of ADA can be realized in all phases of the audit process and for clients of all sizes. We will also discuss how the use of data analytics is being integrated into the Canadian Auditing Standards (CAS) such as the revised Canadian Audit Standards 315: Identifying and Assessing the Risks of Material Misstatement.
Blockchain and cryptocurrency are hot topics both as technologies and investments. Ethereum, ICOs and proof of concept are among the buzz words associated with these topics. The blockchain technology has the potential to be a significant disruptor in terms of how business transactions are initiated, authorized and recorded. A question that has not been explored until recently is how this technology will affect the assurance profession.
A published CPA Canada report on blockchain technology (https://www.cpacanada.ca/en/business-and-accounting-resources/audit-and-assurance/canadian-auditing-standards-cas/publications/impact-of-blockchain-on-audit) has urged assurance professionals to understand the implications of this technology on the profession. In this webinar, we will make blockchain technology and cryptocurrency understandable and provide practitioners with action steps to help them prepare for this game changing technology
Artificial Intelligence (AI) has been in our collective awareness since the introduction of the villainous computer HAL 9000 in Stanley Kubrick’s classic film 2001. AI has had a few moments in popular culture such as supercomputer IBM Watson’s appearance on Jeopardy in 2011 but has typically been more science fiction than reality. Today, we are interacting with AI more than we ever have and more than what we might realize.
In the external audit profession, the applied use of artificial intelligence, specifically machine learning, for risk assessment and evidence gathering is also progressing quickly. This live webinar is tended for those external audit practitioners interested in how artificial intelligence will transform the audit.
This is a multiple webinar program ((Three webinars, 3 hrs each) designed to address technical and communication competencies that are important for new managers in a CPA firm. Topics include:
- Planning and designing effective assurance procedures
- Effective use of analytical procedures for engagements (including data analytics and data extraction software)
- Business development and growing your professional network
- Providing and receiving effective feedback