PCAOB Auditing Standard 1210: Using the Work of an Auditor-Engaged Specialist
Elevate your audit expertise with our PCAOB AS 1210 Webinar, a focused 1 CPE-credit course designed to help auditors and compliance professionals enhance their understanding of using the work of an auditor-engaged specialist. This live virtual session provides the essential skills needed to ensure transparent, ethical, and high-quality audits in alignment with PCAOB auditing standards.
Why Attend?
1. Master the Use of Auditor-Engaged Specialists - Develop the confidence and knowledge required to effectively leverage the expertise of specialists within the audit process, ensuring compliance and precision.
2. Enhance Ethical Oversight - Gain insights into the ethical and professional requirements for utilizing specialist work, fostering transparency and trust in every engagement.
3. Advance Audit Quality - Equip yourself with the tools to improve audit documentation, evaluate specialist work competently, and mitigate risks in collaboration.
4. Earn 1 CPE Credit - Boost your professional credentials by earning this NASBA-approved credit in auditing, demonstrating your commitment to continual growth.
What You’ll Learn
This one-hour course ensures a well-rounded understanding of PCAOB AS 1210 and its practical applications, helping you strengthen your approach to audits involving engaged specialists.
Key Topics Include:
1. Overview of PCAOB AS 1210
- Understand the core principles guiding the use of auditor-engaged specialists.
- Explore professional responsibilities and roles under PCAOB auditing standards.
2. Ethical and Professional Considerations
- Learn to manage the specialist's work with clear communication, competence, and alignment to ethical standards.
3. Risk Management in Specialist Engagements
- Delve into strategies for assessing and managing risks when working with specialists to ensure audit reliability.
4. Documentation and Supervision
- Master best practices for supervising specialists' contributions and maintaining audit quality through robust documentation.
5. Practical Implementation
- Discover how to integrate the work of specialists seamlessly into your audit workflow, ensuring accuracy and compliance with PCAOB auditing standards.
Benefits of Attending
Attendees will leave the session with actionable knowledge and practical insights, including:
- Enhanced Professional Competence: Navigate the complexities of using auditor-engaged specialists with expertise and confidence.
- Improved Audit Processes: Strengthen collaboration, supervision, and reporting practices when engaging specialists.
- Regulatory Aligned Practices: Stay compliant with PCAOB auditing standards while ensuring ethical and professional transparency.
- Career Development: Showcase your advanced skills with 1 CPE credit as a mark of professional growth.
Event Details
- Schedule: Offered every eight weeks on Tuesdays, from 1 p.m.–2 p.m. CST.
- Format: Group internet-based webinar.
- CPE Credit: 1 NASBA-approved credit in Auditing.
- Cost: $70.
- Private Training: Custom sessions are available for teams of two or more.
Who Should Attend?
This course is perfect for those involved in audit engagements or compliance processes, including:
- External Auditors: Build proficiency in utilizing specialists’ expertise for complex audit evaluations.
- Internal Auditors: Strengthen your ability to leverage expert work within regulatory and operational scopes.
- Compliance Professionals: Gain skills to ensure that audits meet high ethical and quality standards.
Why Specialists in Audits Matter
PCAOB Auditing Standard 1210 underscores the importance of using auditor-engaged specialists to improve the depth and accuracy of audit procedures. This training empowers professionals to:
- Enhance Collaboration: Maximize value from specialists’ contributions while maintaining rigorous oversight.
- Mitigate Risks: Identify and manage potential risks linked to using specialist work in audits.
- Ensure Transparency: Deliver clear, reliable audit reports that inspire confidence and trust.
Register Today
Join this impactful 1-CPE credit webinar to gain practical knowledge and skills essential for mastering PCAOB AS 1210. Ensure your audits meet the highest standards of quality, ethics, and effectiveness.
Register now to strengthen your role in delivering audits with precision, professionalism, and transparency!
Details on Event Presentation
Being offered on Tuesday every eight weeks at 1:00 p.m. to 2:00 p.m. Central Time.
We can schedule private events on your timetable for two or more attendees. Bring this event on AS 1210 to your audit team.
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: 1, based on 50 minutes of instruction per hourCPE Event Highlights
- This one-hour CPE training event covers the essential contents of PCAOB AS 1210: Using the Work of an Auditor-Engaged Specialist.
- The program aims to enhance participants' understanding of audit risk and its role in forming reliable audit opinions.
Learning Objectives
Gain a comprehensive understanding of the requirements and responsibilities related to the use of a specialist engaged by the auditor's firm ("auditor-engaged specialist") to assist in the audit process, as established by PCAOB AS 1210.
Develop proficiency in applying PCAOB Auditing Standard 1210, validating competence in utilizing the work of an auditor-engaged specialist within the audit engagement.
Acquire insights into the ethical and professional considerations when leveraging the expertise of an auditor-engaged specialist, emphasizing clear communication, professional competence, and ethical requirements throughout the engagement.
Enhance knowledge of the auditor's responsibilities in supervising or using the work of auditor-engaged specialists, ensuring adherence to the standards outlined in AS 1210.
Explore the application of AS 1210 in the context of managing the audit engagement, including the supervision of the work of engagement team members to ensure the performance of high-quality audit work.
Understand the significance of assessing and managing risks associated with utilizing the work of auditor-engaged specialists, aligning with the primary standard that applies when auditors engage such specialists.
Key Issues on the Agenda
Introductions and Administrative Items
Section 1 - Definitions and Concepts: Exploring the fundamental definitions and concepts related to utilizing the work of an auditor-engaged specialist
Section 2 - PCAOB Auditing Standard Details: Delving into the specific details outlined in PCAOB AS 1210, providing insights into the requirements and responsibilities related to the use of an auditor-engaged specialist within the audit process.
Section 3 - Going Forward: Concluding the event by discussing the implications of the knowledge gained and how participants can apply it in their professional endeavors.
Summary of the Subject Matter
The one-hour CPE training event on AS 1210: Using the Work of an Auditor-Engaged Specialist aims to provide a comprehensive understanding of the requirements and responsibilities related to utilizing the expertise of an auditor-engaged specialist within the audit process.
It emphasizes the significance of adhering to PCAOB Auditing Standard 1105, which validates the competence in leveraging the work of an auditor-engaged specialist within the audit engagement.
The event focuses on ethical and professional considerations when engaging such specialists, underlining the importance of clear communication, professional competence, and ethical requirements throughout the engagement. Additionally, the program delves into the supervision of auditor-engaged specialists, emphasizing the need for auditors to assess and manage the associated risks effectively. The training seeks to equip participants with the essential knowledge and skills required to navigate the ethical, professional, and risk assessment aspects of utilizing the work of an auditor-engaged specialist within the audit process.
This knowledge can enhance the quality and reliability of audit opinions, contributing to the overall effectiveness of the audit engagement.
Authoritative Sources
The following resources are more than just additional reading; they're gateways to further enriching your understanding, offering perspectives and insights that can transform how you approach the utilization of auditor-engaged specialists.
- Public Company Accounting Oversight Board (PCAOB) - AS 1210: Using the Work of an Auditor-Engaged Specialist: At the heart of our exploration is AS 1210 itself. This standard provides a thorough framework for how auditors should engage and utilize the work of specialists in their audits. It's essential reading for anyone looking to deepen their comprehension of the requirements and responsibilities outlined in the CPE event.
- American Institute of Certified Public Accountants (AICPA) - Guide to Audit Data Analytics: While not specifically about AS 1210, the AICPA's guide offers valuable insights into how data analytics, often performed by specialists, can be integrated into the audit process. Understanding this integration can enhance your ability to effectively work with auditor-engaged specialists.
- Journal of Accountancy - How to Work with Audit Specialists: This article provides practical advice on collaborating with auditor-engaged specialists. It covers communication strategies, planning, and evaluating the specialist's work, complementing the foundational knowledge from the CPE event.
- The Institute of Internal Auditors (IIA) - Supplemental Guidance: Using the Work of a Specialist: The IIA offers supplemental guidance that, while tailored towards internal auditors, provides universally applicable insights into the use of specialists in audits. This resource can offer a broader perspective on the topic, potentially introducing new considerations for your practice.
- Deloitte - Auditor’s Use of the Work of Specialists: Deloitte's insights on the auditor's use of specialists delve into both the challenges and the opportunities presented when engaging specialists. This piece can help you navigate the complexities of such engagements, offering strategies to maximize the value specialists bring to the audit process.
Each of these resources serves as a beacon, guiding you through the nuanced landscape of engaging auditor-specialists. As you explore them, remember that every piece of knowledge you acquire not only enriches your understanding but also strengthens the bridge of trust and transparency with those who rely on your audit findings. Happy exploring!