PCAOB: Dealing with the Regulator
Stay ahead in the compliance landscape with the PCAOB: Dealing with the Regulator CPE event.
This two-hour session provides exclusive insights into 2023 PCAOB enforcement actions, equipping auditors and compliance professionals with a deep understanding of regulatory expectations and best practices. With 2 Continuing Professional Education (CPE) credits, this program is designed to enhance your professional skillset and prepare you to excel in the dynamic world of audit compliance.
Why Attend?
Earn 2 NASBA-Approved CPE Credits
Fulfill your professional development requirements while gaining critical knowledge about PCAOB enforcement and compliance standards.
Stay Updated on Current Regulatory Actions
Dive into real-world 2023 PCAOB enforcement cases, analyzing over $14.5 million in fines levied against 21 firms for violations like quality control issues, independence breaches, and communication failures.
Sharpen Compliance and Audit Skills
Leverage key takeaways from real-case studies to refine your understanding of PCAOB auditing standards, improve documentation integrity, and enhance your professional skepticism.
Practical and Actionable Insights
Explore actionable strategies to fortify compliance efforts in audits, ensuring readiness to interact effectively with the PCAOB and other regulatory bodies.
Key Course Highlights
Designed to keep you informed and prepared, this event provides a comprehensive review of PCAOB enforcement activities and the common pitfalls observed in audit practices.
Topics Covered Include:
- Assessing 2023 PCAOB fines and sanctions affecting prominent firms.
- Exploring regulatory failures in areas like Quality Control, PCAOB Auditing Standards, Professional Skepticism, and Independence.
- Understanding common compliance breaches, including communication lapses with audit committees and improper engagement with unregistered firms.
- Analyzing real-world cases involving leading firms like Marcum, Friedman LLP, and CohnReznick LLP.
Participants will gain a nuanced perspective on PCAOB regulations, becoming better equipped to maintain adherence to PCAOB auditing standards and avoid costly errors.
Course Learning Objectives
By attending this event, participants will:
- Understand PCAOB Enforcement Actions: Gain detailed insights into regulatory trends and compliance expectations.
- Examine Root Causes of Violations: Learn from real-world enforcement cases to identify and avoid common regulatory errors.
- Improve Audit Firm Culture: Identify key attributes of a healthy, regulatory-compliant organization to prevent future missteps.
Program Details
This program is an invaluable resource for auditors and compliance professionals seeking to strengthen their knowledge and advance their careers.
- Format: Live, group internet-based session.
- Schedule: Mondays, 1 p.m.–3 p.m. Central Time. Sessions offered every eight weeks.
- Cost: $140 per participant.
- Group Events: Custom scheduling is available for teams with two or more attendees.
Who Should Attend?
This session is ideal for professionals directly involved in audits and compliance, including:
- Auditors at PCAOB-Registered Firms: Strengthen understanding of PCAOB standards to improve outcomes.
- Compliance Professionals: Gain insights into regulatory requirements and enforcement trends.
- Internal Audit Teams: Stay informed on best practices to improve internal controls and audit consistency.
Why Compliance Can’t Be Ignored
Regulatory compliance forms the backbone of audit integrity, ensuring client and stakeholder trust. Understanding PCAOB enforcement actions and their underlying causes not only minimizes your firm’s risk of penalties but also elevates the quality of your audits. Participants of this program will leave with actionable tools and strategies to prepare for regulatory interactions effectively and maintain the highest standards of audit practice.
Enroll Today to Strengthen Your Regulatory Knowledge
Invest in your career and reinforce your compliance skills by enrolling in the PCAOB: Dealing with the Regulator CPE event. Secure your spot to gain critical insights, earn your CPE credits, and become a more confident and informed audit professional ready to excel in a complex regulatory environment.
Register now to ensure your ability to adapt and thrive as both a compliance expert and trusted auditor.
Details on Event Presentation
Offered every eight weeks on Mondays at 1:00 p.m. to 3:00 p.m. 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 hour
CPE Event Highlights
- Gain Insights into 2023 PCAOB Enforcement Actions: Stay informed about the latest developments in PCAOB Enforcement Actions for 2023, exploring the actions taken against twenty-one registered firms that collectively faced fines exceeding $14.5 million from the PCAOB and SEC.
- Comprehensive Overview of Improper Behaviors: Dive into the range of improper behaviors that led to these enforcement actions, including violations in crucial areas such as Quality Control, Audit Standards, Independence, Professional Skepticism, and more.
- In-Depth Analysis of Specific Cases: Explore the shortcomings observed in well-known firms like Marcum, Friedman LLP, Blue & Company, and others. Discover insights from Inspection Reports, Orders Instituting Disciplinary Proceedings, Findings, Sanctions, and press releases detailing non-compliance instances.
Learning Objectives
This event will improve the PCAOB auditor's efficiency and effectiveness by:
- Understanding the PCAOB Enforcement Actions
- Reviewing Root Causes
- Knowing underlaying elements of a healthy corporate culture at a PCAOB Audit Firm
Key Issues on the Agenda
Introductions and Administrative Items
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Introductions
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Learning Objectives
Section 1 - Overview of the 2023 PCAOB Sanctions
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Historical SEC & PCAOB Investigations
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The PCAOB Enforcement Actions YTD
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Quality Control Violations
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Violations of Audit Standards
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Independence
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Professional Skepticism Failures
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Alternation of Documents
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Improper Use of Unregistered Firm
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Noncooperation
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Communications with Audit Committee
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Failing to Make Required Disclosures
Section 2 - “Healthy” Explicate Values for the PCAOB Firm
Section 3 - Going Forward and Summary
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Remember the "Swiss Cheese"
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Summary of the Subject Matter
Stay up-to-date with the latest developments in PCAOB Enforcement Actions for 2023 through this insightful 2-hour CPE audit event. In the current year, twenty-one PCAOB registered firms collectively faced substantial fines exceeding $14.5 million, imposed by both the PCAOB and SEC. These penalties were a result of various improper behaviors encompassing violations in over nine key areas.
This comprehensive event offers participants an in-depth exploration of the PCAOB's regulatory activities throughout 2023. The focus will center on dissecting the specific inadequacies identified within prominent firms.
This event is designed to provide invaluable insights and practical takeaways for auditors seeking to bolster their understanding of PCAOB Enforcement Actions and enhance their professional capabilities.
Authoritative Sources
In the spirit of continuous learning and growth, CCS has gathered a collection of authoritative sources. These resources are not mere repositories of information; they are lighthouses guiding us through the sometimes murky waters of regulation, ethics, and professional practice. Each one is a treasure trove, offering insights and wisdom to deepen your understanding and enhance your ability to navigate the regulatory landscape with confidence and integrity.
Public Company Accounting Oversight Board (PCAOB)
PCAOB Standards and Guidance This is your starting point for diving deep into the heart of PCAOB standards and guidance. It's a comprehensive resource that offers clarity on the expectations and requirements for dealing with regulators.
American Institute of Certified Public Accountants (AICPA)
AICPA Resources on Regulatory and PCAOB Engagements The AICPA provides invaluable resources for auditors facing regulatory scrutiny, including guidance on best practices for engaging with the PCAOB and navigating audits under its purview.
International Federation of Accountants (IFAC)
International Ethics Standards Board for Accountants (IESBA) The IESBA offers global perspectives on ethics and compliance, including standards relevant to dealing with non-compliance and regulatory bodies. Their insights are crucial for auditors operating in an increasingly interconnected world.
The Institute of Internal Auditors (IIA)
International Professional Practices Framework (IPPF) The IIA’s IPPF is a cornerstone for internal auditors, providing essential guidance on principles and practices, including those relevant to regulatory compliance and engagement.
- IIA IPPF
National Association of State Boards of Accountancy (NASBA)
NASBA Continuing Professional Education (CPE) and Ethics For those eager to dive deeper into the realms of CPE and ethics, NASBA offers guidelines and resources that align with ongoing professional development, particularly in areas related to regulatory compliance and ethics.
As you continue on your path, let these resources be your companions, illuminating your way and enriching your professional journey. The pursuit of excellence, especially in the delicate art of dealing with regulators, is a shared voyage—a commitment to uphold the highest standards of our profession. Together, let's embrace this journey, armed with knowledge, guided by integrity, and united in our purpose to make a meaningful difference.