Firm Training required by Report Acceptance Bodies (RABs)
RABs are now required to assign AICPA courses related to Enhancing Audit Quality (EAQ) select focus areas as corrective actions or implementation plans when:
- significant deficiencies, deficiencies and findings are identified related to these areas and
- CPE is determined to be the necessary follow up action.
RABs may assign or allow an alternative course if it meets the learning objectives of the AICPA course (as described in the product page of the AICPA’s online store). We would certainly encourage RABs to look first to these courses to help firms remediate issues identified in these areas.
| Course | When to Assign |
| Applying and Scaling Audit Risk Assessment Procedures Under SAS No. 145 | When significant deficiencies, deficiencies and findings are identified related to noncompliance with the requirements for 1) identifying and assessing the risks of material misstatement and 2) performing audit procedures in response to assessed risks and evaluating the audit evidence obtained (AU-C 315.26 through .32 and AU-C 330) |
| The Crucial Connection - Why You Should Care About Your Client's System of Internal Control | When significant deficiencies, deficiencies and findings are identified related to noncompliance with the requirements for understanding the entity and its environment, including the entity’s internal control (AU-C 315.12 through .25) |
| Documenting Your EBP Audit: What You Need to Know | When significant deficiencies, deficiencies and findings are identified related to noncompliance with documentation requirements specifically as it relates to EBP engagements |
| Advanced Topics in a Single Audit | When significant deficiencies, deficiencies and findings are identified related to noncompliance with Single Audit requirements |
Risk Assessment On-site Training Course (Available for CPEA members only)
The CPEA’s Risk Assessment training course refreshes and reinforces staff’s skills in performing risk assessment procedures on audit engagements, especially audits of small to medium-sized entities. Please contact Susanne Richards at cpea@aicpa.org or (334) 260-2326 for information and/or to book your firm's on-site training event today!
