AuditandAttestStandardsUpdate.pptVIP

Audit and Attest Standards Update Ensuring Integrity: 4th Annual Audit Conference Harold L. Monk, Jr. CPA, CFE Davis, Monk Company Recent Auditing Standards Board Activities Clarity Project Clarity Background Discussion paper issued March 2007 ASB considered comments received and approved direction forward August 2007 Goals: Address concerns over length and complexity of standards Make standards easier to read, understand and implement Will lead to enhancements in audit quality Clarity Drafting Conventions Introduction Objective Definitions Terms used in the SAS are defined Establish s