PCAOB Auditing Standard 4105: Reviews of Interim Financial Information
Master the art of reviewing interim financial information with our PCAOB AS 4105 Training Seminar. Designed for auditors and financial professionals, this 2-hour CPE event dives deep into the standards and techniques needed to conduct efficient and robust reviews of interim financials. Gain the skills to ensure compliance with the Public Company Accounting Oversight Board (PCAOB) auditing standards and elevate your expertise in financial auditing practices.
Why Attend?
1. Master PCAOB AS 4105 - Understand the critical elements of conducting reviews of interim financial information, ensuring accuracy, consistency, and compliance.
2. Hone Your Interim Review Techniques - Learn the procedures, audit frameworks, and practical methodologies needed to deliver precise and efficient interim financial reviews.
3. Strengthen Your Professional Skills - Develop a solid understanding of fieldwork and reporting standards under PCAOB AS 4105—and the opportunity to earn 2 NASBA-approved CPE credits to enhance your career.
What You'll Learn
This seminar prepares professionals to conduct thorough reviews of financial information for periods shorter than the organization's fiscal year. Key topics include understanding PCAOB auditing standards, evaluating fieldwork procedures, and applying professional judgment during interim reviews.
Course Highlights:
1. Understanding PCAOB AS 4105:
- Learn why PCAOB AS 4105 is critical for interim financial reviews and ensure your engagements meet regulatory expectations.
- Explore the relationship between PCAOB, AICPA, and IAASB standards for broader auditing contexts.
2. Review Engagement Frameworks:
- Examine procedures for reviewing interim financial information and the auditor's responsibilities under PCAOB auditing standards.
- Evaluate the role of interim reviews in forming an accurate financial narrative between fiscal periods.
3. Fieldwork and Reporting Standards:
- Understand the nature, timing, and extent of audit procedures tailored for interim financial reviews.
- Gain insights into identifying risks, addressing material misstatements, and maintaining consistency with annual financial statements.
4. Professional Skepticism & Due Care:
- Strengthen oversight by leveraging professional judgment and understanding client-specific nuances.
Benefits of Attending
Attendees will leave the seminar with invaluable insights and practical tools to enhance their auditing capabilities for interim financial information including:
- Streamlined Interim Review Practices: Conduct reviews more efficiently while ensuring compliance with PCAOB auditing standards.
- Elevated Professional Standards: Apply appropriate fieldwork and reporting techniques to improve accuracy and reliability.
- Fulfilled Credential Goals: Earn 2 CPE credits while building a deeper understanding of auditing responsibilities.
Event Details
- Schedule: Sessions occur every eight weeks on Thursdays from 10 a.m.–12 noon CST.
- Delivery Format: Flexible group internet-based training.
- CPE Credits: 2 NASBA-approved credits in Auditing.
- Cost: $140.
- Private Events: Custom sessions available for teams of two or more.
Who Should Attend?
This seminar is designed for professionals responsible for financial reviews, including:
- Auditors: Master interim review procedures and PCAOB auditing standards compliance.
- Financial Professionals: Gain confidence in identifying financial discrepancies during interim periods.
- Audit Managers: Strengthen internal processes while ensuring team adherence to regulatory standards.
The Importance of Interim Financial Reviews
Interim financial reviews ensure the accuracy and reliability of financial reporting between annual statements. These reviews are pivotal for:
- Maintaining Stakeholder Trust: Provide accurate and relevant financial insights throughout the year.
- Preventing Material Misstatements: Address potential risks or inconsistencies that could undermine year-end audits.
- Compliance Fulfillment: Meet PCAOB auditing standard’s stringent standards and support overall regulatory transparency.
Register Today
Achieve excellence in interim financial reviews with this focused, 2-hour CPE training seminar on PCAOB AS 4105. Equip yourself with the methodologies and technical insights necessary to deliver high-quality interim audits and strengthen your professional standing.
Register now and ensure your audits are conducted with precision, reliability, and compliance!
Details on Event Presentation
Offered every eight weeks on Thursdays at 10:00 a.m. to 12:00 noon Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 2, based on 50 minutes of instruction per hourCPE Event Highlights
PCAOB Concerns Regarding Adequate Oversight of Reviews of Interim Financial Information
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Clearly describes the types of procedures a practitioner may perform in a review of interim financial information,
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Defines the reporting requirements for a review for additional transparency;
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Permits the expression of an adverse conclusion..
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Learning Objectives
Attendees will:
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Understanding the PCAOB’s Auditing Standard 4105 in the context of the available auditing standard guidance
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Understanding the details within the PCAOB Auditing Standard 4105: Reviews of Interim Financial Information.
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Understand Auditor Guidance and Responsibilities under Auditing Standard AS 4105
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Key Issues on the Agenda
Section 1
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Introductions
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Reviews of Interim Financial Information
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PCAOB vs AICPA vs IAASB
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Review/Attest Overall Concepts
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Review Engagement
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Conclusions
Section 2-
PCAOB Auditing Standard Sections
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Matters Relating to Filings (4000s)
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PCAOB Auditing Standard 4105
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Reviews of Interim Financail Information
Section 3 - Going Forward and Summary-
Summary of the Subject Matter
The PCAOB Auditing Standard 4105 (AS 4105) addresses the essential considerations and procedures involved in conducting reviews of interim financial information. This standard plays a pivotal role in ensuring the reliability and integrity of financial reporting between annual periods, serving as a critical aspect of maintaining transparency and accountability in financial disclosures.
The core focus of AS 4105 revolves around providing guidance for auditors when performing reviews of condensed interim financial information. It outlines the necessary steps and methodologies to assess whether the interim financial information is consistent with the annual financial statements and whether it reflects appropriate adjustments for accuracy.
This standard emphasizes the importance of understanding the client's business environment, industry, and internal control structure, enabling auditors to tailor their review procedures accordingly. By doing so, auditors can effectively identify and address any material misstatements or inconsistencies within the interim financial information, ensuring that stakeholders have a reliable basis for decision-making.
Furthermore, AS 4105 underscores the significance of professional skepticism and due professional care throughout the review process, empowering auditors to exercise critical judgment and diligence in evaluating the integrity and accuracy of the interim financial information.
In conclusion, PCAOB AS 4105 serves as a comprehensive framework for conducting reviews of interim financial information, emphasizing the principles of accuracy, consistency, and professional judgment to uphold the integrity of financial reporting in the dynamic landscape of interim periods.
Authoritative Sources
Here are some resources that serve as guiding lights, offering insights, clarity, and a deeper connection to the principles and practices discussed during the event. These aren't just links on a page; they're gateways to a broader understanding and a more profound application of your knowledge.
- Public Company Accounting Oversight Board (PCAOB) - AS 4105: Reviews of Interim Financial Information: Starting with the standard itself is essential. It provides the foundational knowledge, detailing the objectives, scope, and requirements of AS 4105. This document is indispensable for anyone looking to deepen their understanding of reviews of interim financial information.
- American Institute of CPAs (AICPA) - Performing Review Engagements: While focused on review engagements broadly, this resource offers valuable insights that can be applied to the review of interim financial information. It covers best practices, ethical considerations, and practical guidance for conducting review engagements effectively.
- Journal of Accountancy - Tips for More Effective Review Engagements: This article provides practical tips and strategies for conducting review engagements, including reviews of interim financial information. It's a great read for anyone looking to improve their review processes and ensure their engagements are both efficient and effective.
- Deloitte - Interim Financial Information: Deloitte offers insights into the nuances of reviewing interim financial information, including considerations specific to different industries and regulatory environments. This resource can help you apply the principles of AS 4105 with a nuanced understanding of various contexts.
Embarking on this journey of discovery and mastery, each resource you engage with is more than just a step toward fulfilling professional requirements; it's a step toward becoming a steadfast guardian of financial integrity. In a world ever more complex and interconnected, our role in conducting reviews of interim financial information with diligence, skepticism, and a keen eye for detail has never been more critical. As you delve into these resources, may you find not only knowledge but also inspiration—a reminder of the profound impact our work has on upholding trust and transparency in the financial landscape.