BEGIN:VCALENDAR VERSION:2.0 PRODID:-//South Carolina Association of CPAs - ECPv6.16.4//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-ORIGINAL-URL:https://sc.cpa X-WR-CALDESC:Events for South Carolina Association of CPAs REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/Detroit BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20260308T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20261101T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20270314T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20271107T060000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:20280312T070000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:20281105T060000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222318Z LAST-MODIFIED:20260613T051107Z UID:10006033-1814356800-1814356800@sc.cpa SUMMARY:(SSAA266/27) Surgent's Surging Auditors: Internal Out of Control DESCRIPTION:Event Description\nIn this hands-on game\, participants are helping to prepare an internal control testing plan for Home D?cor & More (HDM). They must assess controls related to HDM’s inventory cycle to determine which financial statement assertions each control satisfies\, the quality of the control’s design\, and whether there is adequate segregation of duties. Then\, they will complete the HDM control testing plan\, including the level of reliance to place on each control and the test of control methods. Each participant wants to be spot-on with the evaluation before submitting the information to a manager for feedback. \nDesigned For\nAccounting and financial service professionals needing a refresher on internal control testing plans and related standards \nObjectives\n\nExplain the professional standards related to and rationale for understanding and testing internal controls\n Discuss the professional standards related to testing controls for operating effectiveness\n Illustrate the appropriate level of linkage between the work performed in testing internal controls\, control reliance and reporting on internal controls\n Identify impact of a control reliance strategy on the detailed audit plan\n\nMajor Subjects\nRefresher on understanding internal controls When testing internal controls is required When testing of internal controls is an effective strategy to reduce substantive testing Designing tests of controls Responses when deviations are discovered in the design or operating effectiveness of internal control \nInstructions\nNone URL:https://sc.cpa/event/ssaa266-27-surgents-surging-auditors-internal-out-of-control/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222510Z LAST-MODIFIED:20260613T051212Z UID:10006052-1814356800-1814356800@sc.cpa SUMMARY:(SSAA101/27) Surgent's Fundamentals of Internal Controls DESCRIPTION:Event Description\nObtaining an understanding of the entity and its environment is critical part of assessing the risk of material misstatement. The auditor obtains an understanding of internal controls by evaluating the design and implementation of key controls over relevant systems as well as entity level and financial reporting controls. This module will provide the participant with an understanding of how to perform the work and document the understanding. Participants may also want to register for the audit skills module on testing internal controls. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 1.) \nDesigned For\nProfessionals new to evaluating the design and implementation of internal control \nObjectives\n\nDiscuss the evolution of Internal Controls \n Discuss the five of the COSO Internal Control – Integrated Framework\n Document the auditor’s understanding of a systems description narrative\n Understand the requirements when systems are outsourced to a third party\n Identify controls that are responsive to the risk of fraud \n\nMajor Subjects\nGaining an understanding of the evolution of internal controls Components of the COSO Internal Control – Integrated Framework Approaches for documenting and evaluating the design and implementation of internal control over financial reporting Critical elements of entity-level and transactional-level controls covering all assertions Internal controls that are responsive to the risk of fraud Case studies related to identifying deficiencies in internal control documentation \nInstructions\nNone URL:https://sc.cpa/event/ssaa101-27-surgents-fundamentals-of-internal-controls/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222513Z LAST-MODIFIED:20260613T044513Z UID:10006057-1814356800-1814356800@sc.cpa SUMMARY:(SSAA181/27) Surgent's Compilations\, Reviews\, and Preparations: Engagement Performance and Annual Update DESCRIPTION:Event Description\nSpecifically designed for preparation\, compilation\, and review practitioners\, this course will provide you with a comprehensive review and hands-on application for performing financial statement preparation\, compilation\, and review engagements. You will learn the ins and outs of applying SSARS No. 21\, Clarification and Recodification\, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22-26 by the ARSC. In addition to SSARS 26\, the entire suite of quality management standards is discussed.However\, knowing the standards is not enough. You need to be able to effectively apply them. To support this\, the course will review recent peer review feedback on SSARS engagements\, providing insights on how to successfully apply this guidance.Not only will this course bring you up to date on SSARS requirements and guidance\, but more importantly\, it will provide you with practical examples and illustrations to help you effectively and efficiently perform these types of engagements. This course is intended to be your go-to reference for training your staff and managing your SSARS No. 21-26 services in compliance with professional\, ethical\, and technical requirements. \nDesigned For\nAccounting practitioners and their staff performing and managing compilation\, preparation\, and review engagement services \nObjectives\n\nUnderstand and apply SSARS No. 21\, Clarification and Recodification\n Be familiar with changes due to the issuance of SSARS Nos. 22-26\n Be familiar with compilation and review program examples and disclosure illustrations\n Identify and apply compilation\, preparation\, and review procedures\n Be aware of the most recent compilation and review reports and other communications\n Utilize hands-on examples and illustrations to increase your overall understanding and application of the material\n\nMajor Subjects\nSSARS No. 21\, Clarification and Recodification\, and updates to SSARS No. 21 due to the issuance of SSARS No. 23\, Omnibus Statement on Standards for Accounting and Review Services SSARS No. 22\, Compilation of Pro Forma Financial Information SSARS No. 24\, Omnibus Statement on Standards for Accounting and Review Services – 2018 SSARS No. 25\, Materiality in a Review of Financial Statements and Adverse Conclusions SSARS No. 26\, Quality Management for an Engagement Conducted in Accordance With Statements on Standards for Accounting and Review Services Sample comprehensive engagement work programs for preparation\, compilation\, and review engagements Reporting and disclosure illustrations for each level of service\, including attesting on personal financial statements\, prescribed form\, special purpose frameworks\, and other engagement variations Other communication requirements\, such as sample engagement letters and management representation letters \nInstructions\nNone URL:https://sc.cpa/event/ssaa181-27-surgents-compilations-reviews-and-preparations-engagement-performance-and-annual-update/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222608Z LAST-MODIFIED:20260613T044625Z UID:10006079-1814356800-1814356800@sc.cpa SUMMARY:(SSAA210/27) Surgent's Fraud Case Studies: Schemes and Controls DESCRIPTION:Event Description\nFraud is prevalent – especially since COVID-19 relief packages passed by legislatures around the world opened the till. The overwhelming majority of fraud cases are never publicized. In this course we will build on our knowledge of why people commit fraud to dissect the schemes and discuss transactional controls to help stop fraud faster. \nDesigned For\nCPAs in public practice and industry who wish to educate clients or colleagues further on how to better prevent fraud from occurring at the source – would-be fraudsters – as well as to seek means to improve anti-fraud controls \nObjectives\n\nConsider the ways perpetrators evade both soft and hard controls\n Identify teachable moments\n Look for the common red flags that ought to draw our attention to a potential fraud scheme\n\nMajor Subjects\nRecent fraud cases Common fraud schemes perpetrated by those within and outside victim organizations Consider the lessons learned Best practices to further our fraud prevention \nInstructions\nNone URL:https://sc.cpa/event/ssaa210-27-surgents-fraud-case-studies-schemes-and-controls/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222717Z LAST-MODIFIED:20260613T044731Z UID:10006101-1814356800-1814356800@sc.cpa SUMMARY:(SSAA112/27) Surgent's Preparing and Reviewing Client Prepared Financial Statements DESCRIPTION:Event Description\nThe ultimate objective of a financial statement audit is to issue the independent auditor’s report. This module discusses the process\, introduces key elements of financial statements\, and provides best practices for auditors who either prepare or review the client’s financial statements. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.) \nDesigned For\nAccountants who have responsibilities for drafting financial statements or reviewing client prepared financial statements. \nObjectives\n\nExplain the key elements and variations of the auditor’s report\n Understand the appropriate treatment for accounting changes and error corrections\n Discuss the basic financial statements\, their key elements and required disclosures\n Understand the Codification layout and be able to perform research on presentation and disclosure issues that arise\n Use a framework to prepare or review client prepared financial statements\n Identify best practices for financial statement preparation or review of client prepared financial statements.\n\nMajor Subjects\nObjective of financial reporting Inter-relationships of financial statements and disclosures Accounting changes Financial statement preparation and review process Best practices for financial statement preparation and review \nInstructions\nNone URL:https://sc.cpa/event/ssaa112-27-surgents-preparing-and-reviewing-client-prepared-financial-statements/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222811Z LAST-MODIFIED:20260613T044839Z UID:10006115-1814356800-1814356800@sc.cpa SUMMARY:(SSAA132/27) Surgent's Accounting and Auditing Credit Losses Under ASC 326 DESCRIPTION:Event Description\nASC 326 significantly changes the accounting for credit losses. Given its pervasive scope\, virtually every company will need to at least assess the impact of the new ASC 326 guidance and potentially record a material adjustment to implement the new accounting guidance.In this module\, we will review the scope of ASC 326\, the key provisions of the accounting model and how entities can estimate credit losses for a variety of in-scope financial assets. As the CECL and other credit loss methodologies under ASC 326 represent accounting estimates\, the module will also review both the current and soon to be effective auditing guidance related to this often complex area. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 5.) \nDesigned For\nAccountants who have an intermediate level of audit experience \nObjectives\n\nIdentify key components of ASC 326 and the CECL model\n Recall the scope of ASC 326\n Identify common models used to estimate credit losses\n Recall how to transition to ASC 326\n Recall key presentation and disclosure requirements of ASC 326\n Recall key approaches to auditing accounting estimates\n Identify the key provisions of SAS 143\n\nMajor Subjects\nScope and overview of ASC 326 Applying ASC 326 and the CECL model Transitioning to ASC 326 Presentation and disclosure requirements of ASC 326 Auditing accounting estimates Key changes to auditing estimates due to the issuance of ASC 326 \nInstructions\nNone URL:https://sc.cpa/event/ssaa132-27-surgents-accounting-and-auditing-credit-losses-under-asc-326-2/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222811Z LAST-MODIFIED:20260613T045116Z UID:10006116-1814356800-1814356800@sc.cpa SUMMARY:(SSAA125/27) Surgent's SAS 134 and Other Reporting Considerations DESCRIPTION:Event Description\nFor all the work performed on the audit\, the one thing that the public sees is the auditor’s report. So we need to make sure that the opinion is correct. With the effective date of SAS 134\, the auditor’s report underwent significant changes. This session will cover the format of the revised auditor’s report and discuss the responsibilities of both management and the auditors which are now explicitly identified in the revised report. The session will also cover other conforming changes made to the auditor’s report with the effective date of SAS 137-140.Lastly\, the session will address both when\, and how\, the auditor would issue qualified and adverse opinions and when the auditor would disclaim an opinion. The session will also address when the auditor is required to add either an Emphasis of Matter or Other Matter paragraph and its contents. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 4.) \nDesigned For\nAccountants with several years in the auditing profession \nObjectives\n\nIdentify key changes to auditor’s reporting with the effective dates of SASs 134-140\n Identify circumstances when the auditor would issue an other than unqualified report\n Recall when an auditor would issue a qualified auditor’s opinion and its wording\n Recall the appropriate wording and location of emphasis of matter and Other Matter paragraphs\n\nMajor Subjects\nRevised format of audit opinion under SAS 134 Additional responsibilities of both management and the auditors under SAS 134 Additional requirements related to SASs 135-140 Qualified auditor reports\, their wording\, and when the auditor would issue one of them Circumstances requiring the addition of Emphasis of Matter and Other Matter paragraphs to the standard unqualified audit report \nInstructions\nNone URL:https://sc.cpa/event/ssaa125-27-surgents-sas-134-and-other-reporting-considerations/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222906Z LAST-MODIFIED:20260613T045125Z UID:10006130-1814356800-1814356800@sc.cpa SUMMARY:(SSAA143/27) Surgent's Annual Accounting and Auditing Update DESCRIPTION:Event Description\nDesigned as an all-you-need-to-know update for accounting\, auditing\, and attestation practitioners at all levels in public accounting and industry\, this course provides a comprehensive review of recent standard-setting and rulemaking activities of the Financial Accounting Standards Board (FASB)\, American Institute of Certified Public Accountants (AICPA)\, Public Company Accounting Oversight Board (PCAOB)\, and Securities and Exchange Commission (SEC).On the financial accounting front\, we will cover the FASB’s Post-Implementation Review (PIR) report for revenue recognition under ASC 606 and discuss the best practices in applying the standard and identifying any ongoing issues practitioners are experiencing with applying the standard. We will also discuss the more than a dozen ASUs the FASB has issued since the beginning of 2023 and into 2025 covering crypto assets\, disaggregated expenses\, business combinations\, and leases for entities under common control.Our focus on AICPA standards includes a detailed discussion of revamped AICPA quality management standards. The AICPA updated and modernized the standards by issuing Statement on Quality Management Standards 1\, 2\, and 3 (SQMS 1\, SQMS 2\, and SQMS 3\, respectively)\, SSARS No. 26\, and SAS 146\, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards (SAS 146). These standards\, effective December 15\, 2025\, modernize quality management standards to reflect an increased focus on risk assessment\, technology use\, and the presence of outside experts on engagements.We will also cover new rules impacting public company audits and present case studies on recent fraudulent accounting stories and best practices for detecting and preventing such frauds.In summary\, the course is your go-to source for all things A&A and will prepare you for your upcoming engagements throughout the rest of the year. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters’ activities \nObjectives\n\nReview and apply recently issued and proposed FASB\, PCAOB\, SEC\, and AICPA pronouncements;\n Recall and apply AICPA quality management standards (SQMS 1\, SQMS 2\, and SQMS 3)\n Understand the major findings of the FASB’s PIR report for ASC 606 and best practices in applying ASC 606\n Be familiar with other important A&A practice matters you should be aware of\n Recall key provisions in SAS 146 and SSARS No. 26\n Utilize hands-on examples and illustrations to increase your overall understanding and application of the material\n\nMajor Subjects\nRecently issued FASB Accounting Standards Updates\, PCC Update and items on the FASB’s Technical Agenda Recently issued ASUs covering common control leases\, crypto assets (e.g.\, cryptocurrency)\, and income tax disclosures Statement on Quality Management Standards: SQMS 1\, SQMS 2\, and SQMS 3 Post-Implementation Review Report for revenue recognition under ASC 606 and best practices in applying ASC 606 Fraud case studies Recently issued SASs and other AICPA activity Recently issued PCAOB standards and SEC rulemaking activities Other important A&A practice matters \nInstructions\nNone URL:https://sc.cpa/event/ssaa143-27-surgents-annual-accounting-and-auditing-update/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222907Z LAST-MODIFIED:20260613T045127Z UID:10006132-1814356800-1814356800@sc.cpa SUMMARY:(SSAA134/27) Surgent's Advanced Audits of 401(k) Plans: Best Practices and Current Developments DESCRIPTION:Event Description\nLooking to improve the quality of your 401(k) benefit plan audits? This is the course for you. Based on recent data from the U.S. Department of Labor and peer reviews on employee benefit plan audits\, we know auditors need to up their game to meet stakeholder demands and provide the best possible audit services.In this advanced course\, we will discuss the audit and reporting requirements in accordance with auditing standards. We will also discuss laws and regulations (such as ERISA) that are unique to employee benefit plans and provide practical guidance on their application. Course topics will focus on the most common compliance issues identified in 401(k) audits by the Department of Labor and peer reviews\, as well as recommended corrections. Auditors will identify best practices for auditing areas such as payroll and compensation\, participant loans\, hardship distributions\, investments\, and plan mergers and acquisitions. \nDesigned For\nExperienced practitioners responsible for planning and performing employee benefit plan audit engagements \nObjectives\n\nIdentify key provisions of recently issued SASs\n Identify the current year changes to the rules and regulations affecting 401(k) plans\n Understand the most common compliance issues encountered in 401(k) plan audits\, pitfalls to watch out for\, and strategies to ensure compliance\n Perform efficient and effective procedures associated with planning\, internal controls\, risk assessments\, and detailed audits\n Explain the documentation and procedures related to plan mergers and acquisitions\n Discuss the best practices associated with advanced audit areas\, including participant loans\, payroll\, compensation\, and investments\n Understand the risks associated with a benefit plan audit engagement\n\nMajor Subjects\nAudit requirements for ERISA Section 103(a)(3)(C) audits An annual update of the changes affecting 401(k) plans Compliance issues associated with eligibility and enrollments\, remittances\, lack of oversight\, compensation\, vesting\, and other topics Best practices for engagement planning\, internal controls\, risk assessment\, and detailed testing Avoiding common mistakes while performing audit procedures Plan mergers and acquisitions Common audit reporting and disclosure issues \nInstructions\nNone URL:https://sc.cpa/event/ssaa134-27-surgents-advanced-audits-of-401k-plans-best-practices-and-current-developments/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222912Z LAST-MODIFIED:20260613T045222Z UID:10006140-1814356800-1814356800@sc.cpa SUMMARY:(SSAA105/27) Surgent's Auditing Accounts Payable\, Accrued Expenses and Debt DESCRIPTION:Event Description\nThis module will discuss the audit of accounts payable\, accrued liabilities and typical debt arrangements found in nonpublic entities. Contingencies\, income taxes and more complex debt arrangements are covered in other modules. The audit of liabilities normally focuses on the timing of a purchase of an asset\, recognition of expense or recording of a deposit to recognize accounts-accounts payable and accrued liabilities\, GAAP requires that liabilities be recorded at the point of the passage of title to the goods or with the receipt of benefit from the performance of services. In the case of debt when the entity signs a loan or similar agreement and draws down funding a liability exists. In some cases\, the entity may be obligated for fees and such even when funds have not been drawn. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 1.) \nDesigned For\nAccountants responsible for auditing accounts payable\, accrued expenses and debt \nObjectives\n\nIdentify the accounting treatment for accounts payable\, accrued liabilities and debt typically found in less complex private entities and not-for-profits (more complex debt is discussed in another module)\n Identify the internal controls responsive to accounts payable\, accrued liabilities and debt\n Understand the risks involved in accounts payable\, accrued liabilities and debt at the assertion level\n Tailor the audit plan in response to assessed risk of material misstatement\n Evaluate results from a search for unrecorded liabilities\n Assess the propriety of accrued estimates\n Evaluate debt covenant compliance\n\nMajor Subjects\nAccounting basics for accounts payable\, accrued expenses and debt Risk associated with accounts payable\, accrued expenses and debt Key controls related to accounts payable\, accrued expenses and debt Procedures commonly used to audit debt\, including compliance with restrictive covenants \nInstructions\nNone URL:https://sc.cpa/event/ssaa105-27-surgents-auditing-accounts-payable-accrued-expenses-and-debt-2/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222913Z LAST-MODIFIED:20260613T043028Z UID:10006141-1814356800-1814356800@sc.cpa SUMMARY:(SSAA249/27) Surgent's Preparation and Compilation Engagements Under the SSARS DESCRIPTION:Event Description\nBe the go-to person on financial statement compilation and preparation engagements. Specifically designed for those performing preparation and compilation engagements\, this course will provide you with a hands-on application for performing preparation and compilation engagements under AR-C Section 70 and 80\, respectively. You will learn the ins and outs of applying SSARS No. 21\, Clarification and Recodification\, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22-24 and SSARS Nos. 26-27 by the ARSC. In addition to SSARS No. 26\, the entire suite of quality management standards is discussed.Most importantly\, you will be provided with practical examples and illustrations to help you effectively and efficiently perform those engagements\, including a detailed discussion of the reporting requirements under AR-C 80 related to compilation engagement. Lastly\, the course will review recent peer review feedback on these types of engagements\, highlighting areas where you can improve engagement quality. \nDesigned For\nAccounting practitioners and their staff performing and managing preparation and compilation engagement services \nObjectives\n\nUnderstand and apply relevant sections of SSARS No. 21\, Clarification and Recodification\n Be familiar with guidance impacting preparation and compilation engagements that is contained in SSARS Nos. 22\, 23\, 24\, 26\, and 27\n Be familiar with preparation and compilation work program examples\n Be aware of the most recent reports and other required communications\n Keep abreast of relevant ARSC agenda items and projects\n Utilize hands-on examples and illustrations to increase your overall understanding and application of the material\n\nMajor Subjects\nRelevant sections of SSARS No. 21\, Clarification and Recodification SSARS No. 21\, Clarification and Recodification\, and updates to SSARS No. 21 due to the issuance of SSARS No. 23\, Omnibus Statement on Standards for Accounting and Review Services SSARS No. 22\, Compilation of Pro Forma Financial Information SSARS No. 24\, Omnibus Statement on Standards for Accounting and Review Services – 2018 SSARS No. 26\, Quality Management for an Engagement Conducted in Accordance With Statements on Standards for Accounting and Review Services SSARS No. 27\, Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement Comprehensive sample engagement work programs for preparation and compilation engagements Prescribed form\, specified line item\, pro forma\, and other engagement variations Complete illustrations of relevant engagement letters\, reporting\, and other required communications for preparation and compilation engagements \nInstructions\nNone URL:https://sc.cpa/event/ssaa249-27-surgents-preparation-and-compilation-engagements-under-the-ssars/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T222918Z LAST-MODIFIED:20260613T045229Z UID:10006148-1814356800-1814356800@sc.cpa SUMMARY:(SSAA133/27) Surgent's Quality Management and Peer Review DESCRIPTION:Event Description\nRegulators\, investors\, other capital markets stakeholders and users of the financial statements need accurate and transparent financial information for decision making. One reason that why the capital markets are as efficient as they are today\, is that users believe that they can trust audited financial statements\, in part\, due to the fact that they are audited. The AICPA instituted its Enhancing Audit Quality Initiative in 2014 to help to improve regulator and stakeholder trust when it was being questioned. Education\, outreach and changes to the peer review program have helped to increase audit quality over the subsequent years. New standards will require a risk-based approach to quality management and enhance the guidance on the role of the engagement quality reviewer and the audit partner. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 5.) \nDesigned For\nAccountants who have an intermediate level of audit experience \nObjectives\n\nIdentify key elements of the AICPA’s Enhancing Audit Quality initiatives;\n Recognize key trends noted in recent peer reviews \n Identify the components of the current System of Quality Control required for firms by the AICPA\n Recognize changes to the firm’s system of Quality Control \n\nMajor Subjects\nAICPA’s Engagement Quality Initiative When peer reviews are required and how they work Recent deficiencies noted by peer reviewers in audit\, review and compilation engagements System of Quality Control required by the Auditing Standards Board (ASB) Changes to the system of Quality Control \nInstructions\nNone URL:https://sc.cpa/event/ssaa133-27-surgents-quality-management-and-peer-review/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223013Z LAST-MODIFIED:20260613T043054Z UID:10006155-1814356800-1814356800@sc.cpa SUMMARY:(SSAA183/27) Surgent's Compilation and Review Overview DESCRIPTION:Event Description\nSpecifically designed for practitioners and their staff wanting an overview of compilation and review engagements\, this course will introduce you to the objectives of compilation and review engagements\, SSARS No. 21\, Clarification and Recodification\, which is currently applicable and is the most significant change to the compilation and review standards since their inception over thirty years ago\, and the basic components and characteristics of financial statement preparation\, compilation\, and review engagements. The course will also address the changes in professional standards for compilations and reviews due to the issuance of SSARS No. 22-25\, including SSARS No. 25’s guidance on materiality and reporting. This course will also provide you with a review of the ins and outs of accepting and planning compilation and review engagements. \nDesigned For\nAccounting practitioners and their staff wanting an overview of engagements prepared under SSARS No. 21\, Clarification and Recodification\, and related professional guidance \nObjectives\n\nUnderstand the objectives of financial statement preparation\, compilation\, and review engagements\n Be familiar with SSARS No. 21\, Clarification and Recodification\n Identify changes in professional standards due to the issuance of SSARS No. 22-25\n Identify the basic components and characteristics of financial statement preparation\, compilation\, and review engagements\n Review the ins and outs of accepting and planning financial statement preparation\, compilation\, and review engagements\n\nMajor Subjects\nObjectives of financial statement preparation\, compilation\, and review engagements SSARS No. 21\, Clarification and Recodification Components and characteristics of financial statement preparation\, compilation\, and review engagements Accepting and planning financial statement preparation\, compilation\, and review engagements Overview of SSARS No. 22-25 \nInstructions\nNone URL:https://sc.cpa/event/ssaa183-27-surgents-compilation-and-review-overview/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223024Z LAST-MODIFIED:20260613T045402Z UID:10006171-1814356800-1814356800@sc.cpa SUMMARY:(SSAA255/27) Surgent's Performing an Effective Audit Risk Assessment DESCRIPTION:Event Description\nRecent feedback from the AICPA has emphasized the importance of performing an effective risk assessment to identify and evaluate the risk of material misstatement in a financial statement audit. SAS 145\, the 2023 amendment to AU-C 315\, makes significant changes to the extant risk assessment standard and certain changes to other standards as well. The amendments clarify confusion that the AICPA believes auditors experienced under the existing standard and also conforms\, for the most part\, to the IAASB standard on the same topic. SAS 145 has been effective for two years now starting with December 31\, 2023 audits.This course will focus on how to perform the risk assessment process under the new standard\, providing participants with a summary of the changes to existing guidance. It will discuss linking the results of the risk assessment to further testing (internal control and substantive testing) and procedures performed in concluding on the evidence obtained. In addition\, it will also discuss documentation and audit communications. \nDesigned For\nAll auditors involved in applying the risk assessment requirements \nObjectives\n\nRecall key concepts in the risk assessment standards\, including various requirements\n Recognize how to implement the standards in practice\n Identify approaches to comply with professional standards while auditing in a virtual environment\n\nMajor Subjects\nAudit process and planning Materiality\, performance materiality\, and tolerable misstatement Assessing the risk of material misstatement Understanding internal controls and when the auditor must evaluate the design and implementation of internal controls Designing procedures to test the effectiveness of controls Issues noted related to performing substantive procedures Documentation Communication with the Client and Governance \nInstructions\nNone URL:https://sc.cpa/event/ssaa255-27-surgents-performing-an-effective-audit-risk-assessment-2/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223025Z LAST-MODIFIED:20260613T045519Z UID:10006172-1814356800-1814356800@sc.cpa SUMMARY:(SSAA189/27) Surgent's Fraud Basics: Protecting the Company Till DESCRIPTION:Event Description\nThe focus of this course is reducing the overall risk of fraud. To that end\, instruction will cover the factors that play a role in turning honest employees into fraudsters. Discussion will touch on integrity and ethics\, as well as how the reactions of people in certain situations may impact the prevalence of fraud. The course will also explore the dark net and cryptocurrency fraud. \nDesigned For\nCPAs in public practice and industry who wish to educate clients or colleagues on preventing fraud from occurring at the source \nObjectives\n\nRecognize the prevalence of fraud\n Understand the ways an organization may unintentionally cause fraud\n Identify the costs of fraud\n Comprehend how the new COSO framework for internal control focuses on fraud\n Grasp the importance of an internal control environment\n Understand how people may respond differently to certain factors\n See that there are many layers involved in fraud defense\n\nMajor Subjects\nThe price of fraud – ACFE’s Report to the Nations and ancillary costs The current economy – microeconomics and analysis COSO internal control framework\, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments) Power of morale – shrinking the fraud triangle and employee motivation Why good folks go bad – interesting findings and red flags \nInstructions\nNone URL:https://sc.cpa/event/ssaa189-27-surgents-fraud-basics-protecting-the-company-till/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223026Z LAST-MODIFIED:20260613T043125Z UID:10006173-1814356800-1814356800@sc.cpa SUMMARY:(SSAA130/27) Surgent's Effective Communications with Management and Those Charged with Governance DESCRIPTION:Event Description\nAs a byproduct of the audit\, the auditor has a responsibility to communicate certain information to management and those charged with governance\, primarily related to risk and internal control deficiencies. In some cases the auditor may be required to report outside the entity\, for example\, when fraud is identified. Some of these communications to management and those charged with governance occur at the beginning of the audit\, others during the audit and at the end of the audit. Two-way communication is very important to meet professional responsibilities and also as a client service. This module will discuss the most significant of the required communications and explore how to make them more effective. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 5.) \nDesigned For\nAccountants who have a basic level of audit experience \nObjectives\n\nDescribe the communications required to be made to those charged with governance at the beginning and end of the audit. (AU-C 260)\n Describe the communications related to deficiencies noted in internal control that are required to be made to management and those charged with governance (AU-C 265)\n Describe other communications that need to be made outside the entity in certain circumstances\n Create effective communications that enhance client service\n\nMajor Subjects\nRelevant literature Communications to those charged with governance Internal controls communications to management and those charged with governance \nInstructions\nNone URL:https://sc.cpa/event/ssaa130-27-surgents-effective-communications-with-management-and-those-charged-with-governance/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223106Z LAST-MODIFIED:20260613T045522Z UID:10006176-1814356800-1814356800@sc.cpa SUMMARY:(SSAA265/27) Surgent's Surging Auditors: Professional Skeptic DESCRIPTION:Event Description\nParticipants play the role of an auditor collecting information\, making inquiries\, and documenting findings around the audit of Home D?cor and More. They develop professional skepticism skills as they analyze data obtained from an interview with Courtney the Controller\, comparing\, confirming\, and corroborating it against information provided by the CFO. Some things aren’t matching up and the player uses Courtney’s responses and their own questioning mind to consider the next step. They need to be alert to conditions that may indicate possible misstatement due to fraud or error\, and a critical assessment of the audit evidence to develop a sense of when things just don’t look right. \nDesigned For\nAccounting professionals in auditing needing to develop professional skepticism skills \nObjectives\n\nIdentify the importance of professional skepticism on engagements;\n Recall ways to demonstrate professional skepticism on engagements\n\nMajor Subjects\nDemonstrating professional skepticism Assessing audit evidence Responding to contradictory evidence Assessing the sufficiency of audit evidence \nInstructions\nNone URL:https://sc.cpa/event/ssaa265-27-surgents-surging-auditors-professional-skeptic/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223108Z LAST-MODIFIED:20260613T045525Z UID:10006178-1814356800-1814356800@sc.cpa SUMMARY:(SSAA113/27) Surgent's Compilations\, Review\, And Attestation Engagements DESCRIPTION:Event Description\nMost CPA firms perform some level of compilation and review engagements. And some perform engagements under attestation standards. Building off what you learned in the training in Level 1\, Module 4\, this course offers builds provides a deeper dive into the most frequently missed issues in compilations and reviews engagements. We will also focus on attestation engagements and the various types of engagements an auditor can perform. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.) \nDesigned For\nAccountants who perform compilations\, reviews\, and attestation engagements. \nObjectives\n\nRecall SSARS Basics \n Understand advanced SSARS reporting issues\, such as complying with international standards and preparing compilations of proforma information.\n Explain how to avoid peer review deficiencies in compilation and review engagements.\n Identify the distinction between different levels of engagements performed in accordance with the attestation standards (examinations\, reviews and agreed upon procedures)\n\nMajor Subjects\nFrequently missed issues in compilation and review engagements as noted by peer reviewers Understand how to comply with AR-C 100 on International Standards and AR-C 120\, Compilations of Proforma Information Introduction to attestation standards (AT) Performing attestation examination engagements Performing attestation review engagements Performing Agreed Upon Procedures \nInstructions\nNone URL:https://sc.cpa/event/ssaa113-27-surgents-compilations-review-and-attestation-engagements/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223111Z LAST-MODIFIED:20260613T045527Z UID:10006184-1814356800-1814356800@sc.cpa SUMMARY:(SSAA272/27) Surgent's Small-Business Accounting\, Audit\, and Attest Update DESCRIPTION:Event Description\nSpecifically tailored for practitioners who not only perform audits but also provide other attest and nonattest services to small and medium-sized businesses\, this course is a comprehensive update covering recently issued accounting\, auditing\, and SSARS standards\, as well as other professional guidance impacting small and medium-sized business accountants. The course uses practical examples and illustrations to help you understand and apply the new guidance and will get you up to speed on the things that are most important to your smaller and medium-sized clients.This course covers recently released FASB ASUs\, AICPA Auditing Standards\, AICPA SSARSs\, and the soon-to-be-effective Statements on Quality Management Standards (SQMS). Lastly\, we will cover the results of the FASB’s final PIR report on ASC 606\, Revenue. \nDesigned For\nPractitioners at all levels who provide nonaudit and nonattest services to small and medium-sized businesses desiring to remain up to date on recent pronouncements and other standard setters’ activities and professional guidance \nObjectives\n\nUnderstand recently issued Accounting Standards Updates (ASUs) relative to nonpublic business entities\n Review recently issued accounting and nonaudit attestation pronouncements\, including PCC activities\n Understand new guidance applicable to auditing\, SSARS\, and attest engagements\n Be aware of other important AICPA guidance affecting small and medium-sized business practitioners\n Understand key provisions of the Stage 3 final report from the FASB on ASC 606\n\nMajor Subjects\nSmall and medium-sized business-related FASB ASUs\, including recent PCC activities Recently issued AICPA standards Ethics and independence updates and interpretations Newly issued SSARS and SSAE standards SASs effective for 2025 audits and beyond \nInstructions\nNone URL:https://sc.cpa/event/ssaa272-27-surgents-small-business-accounting-audit-and-attest-update/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223112Z LAST-MODIFIED:20260613T043041Z UID:10006187-1814356800-1814356800@sc.cpa SUMMARY:(SSAA182/27) Surgent's Compilations\, Reviews\, and Preparations: Engagement Performance and Annual Update DESCRIPTION:Event Description\nSpecifically designed for preparation\, compilation\, and review practitioners\, this course will provide you with a comprehensive review and hands-on application for performing financial statement preparation\, compilation\, and review engagements. You will learn the ins and outs of applying SSARS No. 21\, Clarification and Recodification\, as well as the additional guidance related to SSARS engagements through the issuance of SSARS Nos. 22-26 by the ARSC. In addition to SSARS 26\, the entire suite of quality management standards is discussed.However\, knowing the standards is not enough. You need to be able to effectively apply them. To support this\, the course will review recent peer review feedback on SSARS engagements\, providing insights on how to successfully apply this guidance.Not only will this course bring you up to date on SSARS requirements and guidance\, but more importantly\, it will provide you with practical examples and illustrations to help you effectively and efficiently perform these types of engagements. This course is intended to be your go-to reference for training your staff and managing your SSARS No. 21-26 services in compliance with professional\, ethical\, and technical requirements. \nDesigned For\nAccounting practitioners and their staff performing and managing compilation\, preparation\, and review engagement services \nObjectives\n\nUnderstand and apply SSARS No. 21\, Clarification and Recodification\n Be familiar with changes due to the issuance of SSARS Nos. 22-26\n Be familiar with compilation and review program examples and disclosure illustrations\n Identify and apply compilation\, preparation\, and review procedures\n Be aware of the most recent compilation and review reports and other communications\n Utilize hands-on examples and illustrations to increase your overall understanding and application of the material\n\nMajor Subjects\nSSARS No. 21\, Clarification and Recodification\, and updates to SSARS No. 21 due to the issuance of SSARS No. 23\, Omnibus Statement on Standards for Accounting and Review Services SSARS No. 22\, Compilation of Pro Forma Financial Information SSARS No. 24\, Omnibus Statement on Standards for Accounting and Review Services – 2018 SSARS No. 25\, Materiality in a Review of Financial Statements and Adverse Conclusions SSARS No. 26\, Quality Management for an Engagement Conducted in Accordance With Statements on Standards for Accounting and Review Services Sample comprehensive engagement work programs for preparation\, compilation\, and review engagements Reporting and disclosure illustrations for each level of service\, including attesting on personal financial statements\, prescribed form\, special purpose frameworks\, and other engagement variations Other communication requirements\, such as sample engagement letters and management representation letters \nInstructions\nNone URL:https://sc.cpa/event/ssaa182-27-surgents-compilations-reviews-and-preparations-engagement-performance-and-annual-update/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223113Z LAST-MODIFIED:20260613T045532Z UID:10006188-1814356800-1814356800@sc.cpa SUMMARY:(SSAA201/27) Surgent's Fraud 101: Understanding Basic Fraud Schemes DESCRIPTION:Event Description\nThis course will discuss common fraud schemes found in business transactions. The course also includes a conversation with Nathan Mueller\, a reformed white-collar offender who committed financial statement fraud from a large financial institution.This is the first of five 2-hour courses in Surgent’s Fraud Certificate Program. This program includes a combination of lectures\, animated videos\, and live interviews with white-collar offenders and whistle-blowers. Each course is designed to be engaging and informative and will enhance your understanding of fraud. \nDesigned For\nProfessionals who want to understand common fraud schemes and red flags commonly missed \nObjectives\n\nBe familiar with various types of embezzlement and financial statement fraud schemes\n Recognize and identify red flags that are often missed\n\nMajor Subjects\nCommon embezzlement schemes Common financial statement fraud schemes Commonly missed red flags \nInstructions\nNone URL:https://sc.cpa/event/ssaa201-27-surgents-fraud-101-understanding-basic-fraud-schemes/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223206Z LAST-MODIFIED:20260613T044210Z UID:10006200-1814356800-1814356800@sc.cpa SUMMARY:(SSAA203/27) Surgent's Why Do They Do It? The Psychology of Fraud DESCRIPTION:Event Description\nThis course will discuss the psychology behind white-collar crime. It will conclude with a conversation with Abby Ellin\, author of Duped. This is the third of five 2-hour courses in Surgent’s Fraud Certificate Program. This program includes a combination of lectures\, animated videos\, and live interviews with white-collar offenders and whistle-blowers. Each course is designed to be engaging and informative and will enhance your understanding of fraud. \nDesigned For\nProfessionals who want to understand the psychological background of acts of fraud \nObjectives\n\nRecognize the reasons why fraud is committed by understanding a variety of psychological theories behind it\n\nMajor Subjects\nThe fraud triangle The truth default theory The concept of cognitive dissonance Confirmation bias Availability \nInstructions\nNone URL:https://sc.cpa/event/ssaa203-27-surgents-why-do-they-do-it-the-psychology-of-fraud/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223207Z LAST-MODIFIED:20260613T044212Z UID:10006202-1814356800-1814356800@sc.cpa SUMMARY:(SSAA280/27) Surgent's Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment DESCRIPTION:Event Description\nProfessional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of technology will play a key role in an audit and professional skepticism\, independence\, and quality are emphasized. We are seeing changes already as the AICPA has issued 15 new standards since 2019. This program will discuss SASs 134 through 149. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards \nObjectives\n\nIdentify and understand the requirements of recently issued SASs and SSARS\n Develop implementation tips and best practices related to these new standards\n Implement best practices for enhancing engagement quality\n\nMajor Subjects\nAICPA hot topics and standard setting initiatives Discussion of suite of nine integrated SASs effective for years ended December 31\, 2021 Discussion of the standard on audit evidence effective for years ended December 31\, 2022 Discussion of the standard on auditing accounting estimates and disclosures effective as of December 31\, 2023 Discussion of the two standards on use of specialists and information from a pricing service\, and the newly updated risk assessment standard effective for years ended December 31\, 2023 Discussion of standards that are effective beginning in 2025\, including those dealing with client acceptance and questions asked of the predecessor auditor\, the partner’s responsibility for engagement quality\, group audits\, conforming changes to compliance auditing\, and more \nInstructions\nNone URL:https://sc.cpa/event/ssaa280-27-surgents-update-on-recent-aicpa-standard-setting-staying-current-in-a-changing-environment/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223208Z LAST-MODIFIED:20260613T044216Z UID:10006204-1814356800-1814356800@sc.cpa SUMMARY:(SSAA247/27) Surgent's Performing a Compilation Engagement Under AR-C Section 80 DESCRIPTION:Event Description\nBe the go-to person for financial statement compilation engagements. Specifically designed for compilation practitioners and their staff\, this course will provide you with a hands-on application for performing compilation engagements under AR-C Section 80. You will learn the ins and outs of relevant sections of SSARS No. 21\, Clarification and Recodification\, the most significant change to the SSARS since their inception over thirty years ago. This course will bring you up to date on all SSARSs requirements and guidance as it relates to compilations\, including SSARS No. 25\, effective for 2021 reporting.The course will also provide an overview of the different services that an accountant can provide under the SSARS and review the requirements of AR-C Section 60 as it relates to compilation engagements. \nDesigned For\nAccounting practitioners and their staff performing and managing preparation and compilation engagement services \nObjectives\n\nIdentify differences in engagements performed under the SSARS\n Recall general requirements for all SSARS engagements\n Identify requirements for compilation engagements under AR-C Section 80\n\nMajor Subjects\nRelevant sections of SSARS No. 21\, Clarification and Recodification Updates to SSARS No. 21 guidance due to issuance of SSARS Nos. 22-25 Review of AR-C Section 60 requirements for all SSARS engagements Detailed guidance on performing compilation engagements under AR-C Section 80 \nInstructions\nNone URL:https://sc.cpa/event/ssaa247-27-surgents-performing-a-compilation-engagement-under-ar-c-section-80-2/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223209Z LAST-MODIFIED:20260613T044220Z UID:10006208-1814356800-1814356800@sc.cpa SUMMARY:(SSAA107/27) Surgent's Auditing Accounts Receivable: An Overview DESCRIPTION:Event Description\nAccounts receivable tends to carry higher risk of material misstatement due to the complexity and subjectivity involved with recognition\, measure\, and valuation. In addition\, revenue recognition is presumed to be a significant fraud risk. This module will discuss the risks associated with accounts receivable and the allowance for doubtful accounts as well as techniques for auditing those areas. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.) \nDesigned For\nAccountants with responsibilities for auditing accounts receivable \nObjectives\n\nIdentify audit risks and special audit considerations\n Tailor a detailed audit plan for accounts receivable based on the assessed risk\n Evaluate confirmation responses and identify areas for follow-up\n Evaluate and conclude on the valuation for the allowance for doubtful accounts\n\nMajor Subjects\nRisks of material misstatement associated with auditing accounts receivable Internal controls associated with accounts receivable Substantive procedures used in auditing accounts receivable External confirmation audit considerations\, including evaluating responses for propriety Evaluating the valuation of accounts receivable The AICPA’s new SAS on auditing estimates \nInstructions\nNone URL:https://sc.cpa/event/ssaa107-27-surgents-auditing-accounts-receivable-an-overview/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223310Z LAST-MODIFIED:20260613T050318Z UID:10006221-1814356800-1814356800@sc.cpa SUMMARY:(SSAA281/27) Surgent's Update on Recent AICPA Standard Setting: Staying Current in a Changing Environment DESCRIPTION:Event Description\nProfessional standards are changing with the times and the desire of the AICPA to move the profession into a new era where use of technology will play a key role in an audit and professional skepticism\, independence\, and quality are emphasized. We are seeing changes already as the AICPA has issued 15 new standards since 2019. This program will discuss SASs 134 through 149. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to stay current on AICPA professional standards \nObjectives\n\nIdentify and understand the requirements of recently issued SASs and SSARS\n Develop implementation tips and best practices related to these new standards\n Implement best practices for enhancing engagement quality\n\nMajor Subjects\nAICPA hot topics and standard setting initiatives Discussion of suite of nine integrated SASs effective for years ended December 31\, 2021 Discussion of the standard on audit evidence effective for years ended December 31\, 2022 Discussion of the standard on auditing accounting estimates and disclosures effective as of December 31\, 2023 Discussion of the two standards on use of specialists and information from a pricing service\, and the newly updated risk assessment standard effective for years ended December 31\, 2023 Discussion of standards that are effective beginning in 2025\, including those dealing with client acceptance and questions asked of the predecessor auditor\, the partner’s responsibility for engagement quality\, group audits\, conforming changes to compliance auditing\, and more \nInstructions\nNone URL:https://sc.cpa/event/ssaa281-27-surgents-update-on-recent-aicpa-standard-setting-staying-current-in-a-changing-environment/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223310Z LAST-MODIFIED:20260613T044331Z UID:10006222-1814356800-1814356800@sc.cpa SUMMARY:(SSAA110/27) Surgent's Fraud Risk Assessment Basics DESCRIPTION:Event Description\nThe financial statement auditor’s overall objectives are to obtain reasonable assurance as to whether the financial statements are materially misstated due to fraud or error and to issue a report that includes an opinion. As noted in the independent auditor’s report\, the risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error\, as fraud may involve collusion\, forgery\, intentional omissions\, misrepresentations\, or the override of internal control. This module will highlight the audit procedures required by professional standards to assess the risk of fraud and perform further procedures in response to fraud risk. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.) \nDesigned For\nAccountants who have responsibility for identifying\, assessing\, and responding to fraud risk on a financial statement audit \nObjectives\n\nExplain the various types of fraud relevant to a financial statement audit\n Discuss the requirements related to fraud in generally accepted auditing standards\n Describe fraud indicators\n Perform appropriate responses to identified fraud risk\n\nMajor Subjects\nExplain the expectation gap with financial statement users regarding the auditor’s responsibilities for preventing and detecting fraud Fraud inquiries and engagement team discussion points Identifying and responding to fraud risk on an audit Testing journal entries and other tests for management override Fraud communications \nInstructions\nNone URL:https://sc.cpa/event/ssaa110-27-surgents-fraud-risk-assessment-basics/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223316Z LAST-MODIFIED:20260613T050347Z UID:10006229-1814356800-1814356800@sc.cpa SUMMARY:(SSAA190/27) Surgent's Fraud Basics: Protecting the Company Till DESCRIPTION:Event Description\nThe focus of this course is reducing the overall risk of fraud. To that end\, instruction will cover the factors that play a role in turning honest employees into fraudsters. Discussion will touch on integrity and ethics\, as well as how the reactions of people in certain situations may impact the prevalence of fraud. The course will also explore the dark net and cryptocurrency fraud. \nDesigned For\nCPAs in public practice and industry who wish to educate clients or colleagues on preventing fraud from occurring at the source \nObjectives\n\nRecognize the prevalence of fraud\n Understand the ways an organization may unintentionally cause fraud\n Identify the costs of fraud\n Comprehend how the new COSO framework for internal control focuses on fraud\n Grasp the importance of an internal control environment\n Understand how people may respond differently to certain factors\n See that there are many layers involved in fraud defense\n\nMajor Subjects\nThe price of fraud – ACFE’s Report to the Nations and ancillary costs The current economy – microeconomics and analysis COSO internal control framework\, particularly Principle 1 (integrity/ethics) and Principle 8 (fraud risk assessments) Power of morale – shrinking the fraud triangle and employee motivation Why good folks go bad – interesting findings and red flags \nInstructions\nNone URL:https://sc.cpa/event/ssaa190-27-surgents-fraud-basics-protecting-the-company-till/ CATEGORIES:Self-Study Video END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223322Z LAST-MODIFIED:20260613T050407Z UID:10006230-1814356800-1814356800@sc.cpa SUMMARY:(SSAA195/27) Surgent's Avoiding Deficiencies in Peer Reviews: Focus on Engagement Quality DESCRIPTION:Event Description\nWith the AICPA’s heightened focus on enhancing audit quality\, increased oversight of the peer review process and the auditor’s overall responsibility to provide high quality services\, the focus on compliance with professional standards has never been greater. Add to that the requirement to implement the revised risk assessment standards (SAS 145) and it’s easy to see why it’s more important than ever to ensure that auditors have a good understanding of the requirements and comply with documentation standards. Recent peer reviews have indicated that auditors are often failing to perform and/or document certain critical components of an audit such as the auditor’s assessment of risk and linking the results of the assessment to substantive procedures performed. In addition\, auditors are not adequately documenting their consideration of fraud\, expectations in analytical procedures and the appropriate level of work needed to understand an entity’s internal control.The effective date for the AICPA’s Revised Quality Management Standards is fast approaching. Firms are required to implement the standards by December 15\, 2025. And the firm’s evaluation of the System of Quality Management is required within one year after that. This is not just a matter of tweaking the firm’s existing QM document\, the standard requires a risk assessment process to identify risk and there are new quality objectives that are specified in SQMS 1-3. The AICPA further issued a SAS\, SSARS and SSAE that set forth requirements for quality at the engagement level. The objective of the course is to provide the insights necessary to help auditors and accountants improve not just the quality of their work but also the perception of the accounting profession as a whole. We will focus on the most significant items resulting in deficiencies identified in the peer review process. We will also discuss the applicable audit standards\, documentation requirements\, and best practices. We will address the new QM standards. \nDesigned For\nAccounting and auditing practitioners at all levels desiring to improve engagement quality \nObjectives\n\nIdentify key elements of the AICPA’s Enhancing Audit Quality initiative\n Recognize changes in Quality Management standards\n Recognize key trends in recent peer review deficiencies noted\n Identify professional standards related to performing a risk assessment\, understanding and testing internal controls\, and linking these procedures to further audit consideration\n Implement best practices to help ensure overall engagement quality \n\nMajor Subjects\nAICPA’s Enhancing Audit Quality initiative Recent revisions to Quality Management standards Feedback from peer reviews\, including areas driving deficiencies in audit Elements of an effective risk assessment and how to link to audit procedures performed Understanding internal controls and making the decision whether or not to test them Best practices in documentation \nInstructions\nNone URL:https://sc.cpa/event/ssaa195-27-surgents-avoiding-deficiencies-in-peer-reviews-focus-on-engagement-quality/ CATEGORIES:Self-Study Text END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Detroit:20270630T120000 DTEND;TZID=America/Detroit:20270630T120000 DTSTAMP:20260620T033509 CREATED:20260612T223410Z LAST-MODIFIED:20260613T044336Z UID:10006235-1814356800-1814356800@sc.cpa SUMMARY:(SSAA104/27) Surgent's Auditing Property\, Plant\, & Equipment DESCRIPTION:Event Description\nProperty\, plant\, and equipment is present\, at least to some extent\, in virtually all audit clients. Auditing the area can be straight forward but when an entity is building machinery or equipment\, complexities arise. Property and equipment can also include right of use assets under lease agreements. This module will address assessing the risk of property and equipment\, internal controls that prevent and detect misstatements in property and equipment\, auditing techniques responsive to the assessed risk and disclosure. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 1.) \nDesigned For\nAccountants responsible for auditing property\, plant\, and equipment \nObjectives\n\nDiscuss audit risks related to property equipment \n Identify internal controls to prevent\, detect and correct misstatement in property and equipment\n Tailor an audit plan to respond to assessed risk of material misstatement\n Understand the key controls related to PP&E\n Describe and apply lease accounting requirements\n Test disclosures for completeness and compliance with GAAP\n\nMajor Subjects\nAssessing risk Internal control related to property and equipment Audit procedures for property and equipment Construction of assets including capitalizing interest Lease accounting requirements and disclosure of right of use asset Disclosure of property and equipment \nInstructions\nNone URL:https://sc.cpa/event/ssaa104-27-surgents-auditing-property-plant-equipment/ CATEGORIES:Self-Study Video END:VEVENT END:VCALENDAR