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PCAOB NOCLAR - Non-compliance with Laws and Regulations

PCAOB NOCLAR - Non-compliance with Laws and Regulations

On June 3rd, the PCAOB Board introduced a comprehensive proposal, PCAOB Release No. 2023-003, outlining new auditing standards. These proposed standards mandate auditors to consider a company's compliance with laws and regulations while conducting audits.


The proposal, known as "Responding to Noncompliance With Laws and Regulations" (NOCLAR), entails significant revisions and amendments to current auditing standards. Its primary aim is to identify laws and regulations that, if disregarded, could have a substantial impact on a company's financial statements during the audit process.


Under the NOCLAR proposal, auditors will be required to gain a deep understanding of a company's operations, including the legal and regulatory landscape, as well as management's processes related to identifying laws and regulations that could significantly affect the financial statements.


This event will shed light on the major changes to the PCAOB AS requirements triggered by the NOCLAR proposal. It will also provide participants with an overview of the NOCLAR framework. The primary focus of this one-hour morning CPE training event will be on educating CPA firm staff members responsible for ethics and client management. However, CPAs working outside of assurance services will also be informed of their new responsibilities.


Each attendee will be granted 1 CPE Hour (YB) upon completion of the event, and a certificate of completion will be issued.To participate in this valuable CPE seminar, the retail cost per attendee is $75.00.

  • Details on Event Presentation

    Being offered in 2023 once every six weeks on Fridays at 10:00 a.m. to 11:00 a.m. Central Time.

    We can schedule private events on your timetable for two or more attendees.

  • CPE Event Highlights

    The CPE event reviews and answers the following questions:

    • What is NOCLAR?

    • What are the recommended action items?

    • What are the PCAOB registered firm's responsiblities?

  • Learning Objectives

    Improve the exteranl auditor’s efficiency and effectiveness by:

    • Understanding basics on the PCAOB’s NOCLAR standard
    • Discussing the ethical framework the registered firm is called to operate within by the PCAOB
    • Look the decision-making process covering knowledge of violation of laws and regulations
  • Key Issues on the Agenda


    • Who are you?

    • Learning Objectives

    Section 1 - Definitions and Concept

    • PCAOB
    • IESBA
    • International Code of Ethics
    • PCAOB Non-complaince with Laws and Regulations - NOCLAR
    • Scope of Changes to the PCAOB Auditing Standards for NOCLAR
    • PCAOB and IESBA Objectives

    Section 2 - PCAOB NOCLAR Framework and Its Variations

    • Act within the Public Interest
    • Taking Action Using Professional Judgment
    • NOCLAR Framework - Four Variations
    • Overall Approach
    • Five Steps to the Framework
    • External Auditor Obligations
    • Other CPAs in Public Practice
    • Senior CPAs in Business
    • Other CPAs in Business
    • Considerations for Disclosure

    Section 3 - Going Forward

  • NASBA Program Disclosure

    Program Level of Understanding: Basic
    Prerequisites: None
    Advance Preparation: None
    Delivery Format: Group Internet Based
    NASBA Field(s) of Study: Ethics
    CPE Credits: 1, based on 50 minutes of instruction per hour

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