Topics covered include: New releases from the Auditing Standards Board; New releases from the AICPA regarding private company audits; An advanced look at disclosure and documentation standards will be made for changes required by new ASB standards; Further updates that impact on the auditing professional standards including new Quality Control Standards and their requirements; Ethics Interpretation 101-3 will be explored for revisions and updates in attest/nonattest applications as released or considered by the Professional Ethics Executive Committee; Ethics Interpretation 101-3 will be explored for revisions and updates in attest/nonattest applications as released or considered by the Professional Ethics Executive Committee Any other matters deemed appropriate and timely. Upon completing this course, you should be able to: Recognize the auditing pronouncements that may impact private companies that come from the ASB of the AICPA and to review other new audit releases that may affect the non issuing entities; Recognize the auditing pronouncements that may impact private companies that come from the ASB of the AICPA and to review other new audit releases that may affect the non issuing entities Recognize any new auditing standards recently issued and to review some of the Clarified Auditing Standards that are substantive; Recognize the auditing pronouncements that may impact private companies that come from the ASB of the AICPA and to review other new audit releases that may affect the non issuing entities Recognize any new auditing standards recently issued and to review some of the Clarified Auditing Standards that are substantive Identify which organization has oversight authority over the PCAOB; Differentiate true statements regarding substantive changes to Extant SASs; Recognize SASs superseding the existing requirements; Recognize true statements regarding Statement of Quality Control Standards; Recognize true statements regarding Statement of Quality Control Standards Identify correct statements with respect to AU-C Section 570; Identify the top audit deficiency based on the referenced Journal of Accountancy article; Identify the top audit deficiency based on the referenced Journal of Accountancy article Recognize which SSAE resulted in the completion of the AICPA ASB's Clarify Project; Identify the date all clarified SASs became effective for audits of financial statements; Recognize a new element with respect to a firm's system of quality control based on the requirement of QC Section 10; Recognize a new element with respect to a firm's system of quality control based on the requirement of QC Section 10 Identify the top audit deficiency based on the referenced JOA article