Trainings and Seminars
Trainings and Seminars
Training and development is an important part of a firm’s system of quality control and often critical to successful remediation programs. At Johnson Global, we work with our clients to develop appropriate trainings based on the specific needs, clients, and dynamics of each firm. Experienced in presenting, our trainers are capable of educating and captivating your employees whether it be part of an overall remedial action related to the PCAOB inspection process, industry-specific training such as broker-dealer auditing, a specific skill such as a new accounting or auditing standard implementation, IT general controls, or an annual “refresh” as part of your recurring training curriculum.
We can develop and deliver interactive, comprehensive training programs that are responsive to your needs, that could include integration of firm tools and techniques. Alternatively, we can deliver previously-developed training programs on a wide-range of auditing, accounting, and regulatory topics. We currently offer CPE programs covering a variety of accounting and auditing topics, including:
General Auditing Standards
- Applying Due Professional Care under PCAOB Auditing Standards (AS 1015)
- Using the work of a Specialist (AS 1210)
- Engagement Quality Review (AS 1220)
- Audit Committee Communications (AS 1301)
Audit Procedures
- Identifying and Assessing Risks of Material Assessment (AS 2110)
- Internal Control over Financial Reporting (ICFR) (AS 2201)
- Auditor’s Response to the Risk of Material Misstatement (AS 2301)
- Substantive Analytical Procedures (AS 2305)
- Effective Audit Sampling and Avoiding Common Pitfalls (AS 2315)
- Auditing Accounting Estimates (AS 2501)
- Auditing Inventory, including testing of controls over inventory in an integrated audit (AS 2510)
- Auditors Consideration, Evaluation and Testing when Companies Use a Service Organizations (AS 2601)
- Evaluating Audit Results (AS 2810)
- Evaluating Impairment – Intangibles / Goodwill (ASC 350)
- Allowance for Loan Losses and other audit risks facing financial services (AS 2501)
Broker-Dealers and Broker-Dealer Audit Procedures
- Broker-Dealers’ design of Important Controls over Compliance (ICOC)
- Auditor’s Identification and Assessment of Risks Over the Design and Operating Effectiveness Over ICOC (AT 1)
- Auditor’s Testing of ICOC (AT 1)
- Auditor’s Review of a Broker-Dealer’s Exemption Report (AT 2)
Reporting
- Auditor’s Reporting Model (AS 3101)
- Critical Audit Matters – Understanding, Applying, and Implementing the new
Specialist and Technology
- Auditing Information Produced by Entity, including Testing Completeness and Accuracy
- Technology Risk, Understanding, and Testing of General Controls and Related Application Controls in an Integrated Audit
Firm Operations
- Effective Preparation for a PCAOB inspection
- PCAOB and Regulatory Updates
Johnson Global is registered with NASBA’s Registry of CPE Sponsors.
The PCAOB released its first ever Spotlight related to audits of broker-dealers on January 31, 2024 - Insights Into the PCAOB’s Interim Inspection Program Related to Audits of Broker-Dealers. The Spotlight provided new insights and more context than the PCAOB’s typical annual reports on the broker-dealer inspection program results. What does this mean for your firm? Johnson Global Advisory hosted a webinar presented by JGA Directors Don Melody and Tanieke Samuel, who took a deep dive into the PCAOB spotlight and provided their analysis of the issues raised by the PCAOB, as well as some key takeaways for auditors to improve the quality of their broker-dealer audits. Key Takeaways The program provides a high-level overview of the PCAOB’s latest spotlight focusing on broker-dealer inspection reports. This webinar provides additional insights and key takeaways for best practices and quality control to readily apply. The objectives of this session include the following and also increases your technical competence in the following areas: • Broker-Dealer program and industry • Impact of standardized audit programs • Impact of low-cost providers and auditor changes No CPE is available for the replay of this program. To register for this replay please click here . After registering you will receive a confirmation email that includes information about how to access the replay.
Register today for the "simulated live" recording of our Busy Season Reminders for Auditors co-sponsored with Johnson Global Accountancy. This webinar is a MUST for auditors going into busy season this year. It’s a “greatest hits” list of our A&A Update that we facilitate for accounting firms around the world. In this webinar we cover: Impairment reminders Auditing accounting estimates and the use of specialists Highlights of ASUs effective for private entities in 2021 Risk assessment and its impact on your audit procedures Preparing for ASC 842 Leases Audit integration (between IT and financial auditors) to improve audit quality Although we can't issue CPE credits for the recording, you can still get all the great content anywhere and anytime!
When audit engagement teams use applications to perform an audit, these applications are referred to as software audit tools by regulators and professionals. Software audit tools include a wide range of applications that perform many different individual functions throughout the audit process. In fact, during the recent AICPA SEC/PCAOB update conference , George Botic, Director of the Division of Registration and Inspections for the PCAOB, discussed a common tool auditors have been using for years: www.confirmation.com . Mr. Botic went on to note recent issues that have been identified as part of the PCAOB inspection program that engagement teams were not appropriately following the standards regarding confirmations when using tools like conformation.com. During the PCAOBs presentation in the conference room chat, many participants submitted or promoted questions around this issue. One of the more popular questions that went unanswered was “what procedures should we be performing when we use Confirmation.com?” After the conference, JGA fielded many questions from our clients and friends on engagement teams and in firm national office roles. Teams wondered why this is now an issue as they have used Confirmation.com for years and on engagements that had previously gone through PCOAB inspection without an issue in this area. While the standards have not changed in many years, the PCAOB noted in their presentation that the confirmation standard was still relevant. We submit that “relevant” is based on your perspective. For example, when was the last time you sent a facsimile? Audit staff may not know what standard related to facsimiles of audit confirmations and how those aspects of the standards remain relevant today. Regardless of the unanswered questions, age of the current standards, or your opinion on the issues written by a PCAOB inspection team; audit firms, engagement partners, and engagement team members should follow the current audit standards when using applications in the audit process. At JGA, we work with firms to develop and implement policies and procedures and other elements of the software audit tool control environment that support engagement team’s use of software audit tools throughout the audit process. What Are Software Audit Tools? Software audit tools are applications, utilities, or code (e.g., macros, queries, stored procedures, report logic) that process, analyze, calculate, or manipulate data to support an engagement team’s audit procedures. Software audit tools can be used throughout the audit in: Audit documentation Planning and risk assessments Testing the design effectiveness of controls Testing the operating effectiveness of controls Substantive testing populations, sampling, and testing Journal entry populations, sampling, and testing Substantive analytical procedures Audit scheduling and time tracking Certain applications like Excel or Access are not software audit tools on their own but may be used to develop a software audit tool using formulas, macros, code, queries, or other features that process, analyze, calculate, or manipulate data to support an engagement team’s audit procedures. Common Software Audit Tools Software audit tools can be used in all areas of the audit and within the audit practice. While most auditors are familiar with audit documentation tools and tools that sort and filter populations of data for testing, more advanced tools are continually being introduced that are used by audit firms to further accelerate audit transformation.
