SUS0157  |  Vendor Self Study

Surgent's New SASs Effective for December 31, 2021 Audits

Sunday, May 1, 2022 - Sunday, April 30, 2023

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2021 will be a very impactful year for audits, as SASs 134-140 become effective for audits for year-ends after December 15, 2021. In this course, we'll review the key changes coming to financial statement audits as a result of these new standards, including the format of the new auditor's report and consideration of key audit matters. The course will also review key changes under SAS 135 related to identifying significant unusual transactions and the expanded audit procedures which must be performed to address risks associated with them.

Lastly, the course will review the AICPA's updated definition of materiality, expanded procedures and reporting related to other information in annual reports, and conforming changes to the auditor's opinion in other special reporting situations.


  • Identify the new guidance in recently issued SASs which will be effective for 2021 audits
  • Implement the new AU-C standards

Designed For

Accounting and auditing practitioners at all levels desiring to remain up to date on recent pronouncements and other standard setters' activities

Course Note

Accounting & Auditing Update,New


  • New format of the auditor’s opinion, including the inclusion of key audit matters
  • Significant unusual transactions
  • Determining materiality
  • Conforming changes to other reports issued under the SAS

Your Price: $69.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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