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Auditing Standards Update: Preparing for the Changes Ahead

AUDITING STANDARDS UPDATE: PREPARING FOR THE CHANGES AHEAD

Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 11, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Course Description

Auditing standards have some significant changes coming for both public company and private company audits. There is a new auditor's report for private company audits and a new auditing standard for audits specific to employee benefit plans. For PCAOB, on the horizon are new requirements for auditing estimates and use of the work of specialists. Many auditors, and by extension, many of those in industry, will likely have to prepare for these changes. This session, which is geared for not only auditors, but those in industry as well, will give an overview of the changes and the background of the changes to help drive an understanding of what is ahead.

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Steven Morrison

CohnReznick
Partner, National Assurance
[email protected]
(646) 601-7740

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Steven Morrison is the National Director of Audit at CohnReznick bringing experience as a client service engagement partner, quality control reviewer, and as a standard setter. He has worked with entities in a variety of industries, including automotive dealerships, employee benefit plans, freight forwarding/mail courier, not-for-profit, retail, and wholesale/distribution. His experience encompasses effectively addressing unique accounting and audit issues of entities in the United States, Asia, Europe, Oceania, and the Americas. Steven addresses specific issues for companies in a variety of other industries and has extensive experience in effectively communicating simple and complex technical matters to all levels of personnel. His current responsibilities include firm methodology and consulting on complex accounting, auditing, attestation, and reporting matters.

From 2015 to 2018, he served on the AICPA Auditing Standards Board (ASB), a senior committee that promulgates U.S. Generally Accepted Auditing Standards. Currently, he is a member of the PCAOB’s Standards and Emerging Issues Advisory Group (SEIAG) which advises on existing standards, proposed standards, potential new standards, and on matters other than standards, such as emerging issues, that are of significance to the PCAOB in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports. 
 

About Our Presenter

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From their origins in 1919, an innovative and client-centric culture has flourished at CohnReznick. They believe that this mindset defines them in many ways. First, they have an affinity for their clients — they understand your drive. Second, they recognize leadership — talent shapes the direction of the Firm. And third, they view their success as a call to action — a means to improve communities, promote beneficial legislative policies, and progress the high standards of the accounting profession.