South Carolina Association of CPAs’ Post

BRSR course successfully completed

Yesterday, the IAASB launched a new series of videos aimed at assisting stakeholders to better understand and apply the International Standard on Auditing (ISA) for Less Complex Entities (LCE’s). As a background to this, in December 2023, the IAASB published the International Standard on Auditing for Auditing of Financial Statements of Less Complex Entities, which is set to become effective for audits beginning on or after 15 December 2025. To determine if an entity qualifies as a less complex entity, auditors will need to review the criteria that is set out in the authority section of the standard. The standard for LCE is based on the International Standards on Auditing, and audits performed using this standard will still be required to obtain a reasonable level of assurance of an audit of financial statements of a less complex entity (“LCE”).   The implementation of the new ISA for Less Complex Entities (LCEs) is intended to improve the overall effectiveness and efficiency of audits conducted for smaller and less complex entities, all while retaining a high standard of quality. This adoption will play a crucial role in ensuring consistent application of auditing standards to LCEs, thereby reducing the likelihood of different practices being applied across various jurisdictions. https://lnkd.in/gBh72f2x

🚀 Excited to share that I've completed the CSRD Fundamental Course! This comprehensive course provided valuable insights into: 🔹 What is CSRD? 🔹 The objectives of the CSRD 🔹 Who is subject to the CSRD 🔹 Reporting implementation timelines 🔹 Core elements of reporting Feeling empowered with new knowledge and ready to leverage these insights in my professional journey! #CSRD #ProfessionalDevelopment #Sustainability #Reporting #CSRD Fundamentals

The AUASB has released a Consultation Paper seeking public comment on the IAASB’s Exposure Draft on proposed narrow scope amendments for audits of Public Interest Entities (PIEs). The proposed revisions have two key objectives. First, they would align definitions and requirements in IAASB standards with new definitions for publicly traded and public interest entities in the IESBA Code. Second, the amendments would extend the applicability of existing differential requirements for listed entities to meet heightened stakeholder expectations regarding audits of public interest entities (PIE). In addition to the invitation to comment on the Consultation Paper, the AUASB is hosting a Virtual Roundtable on 5 March to take stakeholders through the key proposals of the IAASB ED, and to provide stakeholders an opportunity to provide feedback directly to the AUASB. Click on link to view Consultation Paper and to register for the virtual roundtable: https://lnkd.in/g_WiNnfH

Technical Core Assessment - #TCA Not sure where to start, or what to study first? Start with this online assessment of your current knowledge. This TCA will reveal your strengths and weaknesses in nine #CORE areas of #HVACR https://lnkd.in/gs72NzqH

Our summer term education business update briefings are now less than a month away, so don’t forget to book your place now! Our briefings have been designed to signpost you to the key developments and latest news relating to the management of the support functions of your school or trust, helping you to plan for the term ahead with greater certainty, effortlessly maintain compliance and efficiently manage your schools operations. This briefing includes but is not limited to: - a simplified overview of all the latest DfE updates (e.g. website compliance, governance handbooks and accounts direction) - how to get started with ICFP - how funding streams are calculated - and a data protection update. Places are free for SBM Toolkit Gold and Platinum subscribers, or £55 for everyone else. Academies: https://buff.ly/3yWYyZt Maintained schools: https://buff.ly/4etpkZV

Navigating TCSI reporting doesn't have to be the daunting task it seems for smaller education providers. It's more than compliance—it's about sustaining your mission in education. We've crafted a blog packed with best practices that equip you to handle TCSI reporting efficiently. 📊✨ Read on and turn reporting into an opportunity for growth! https://bit.ly/3Jv5miS How do you tackle TCSI reporting challenges? Drop your strategies below! #TCSI #TCSIsolution #TCSIreporting #TCSIsubmission

Excited to announce completion of Information Systems Auditing, Controls and Assurance Certificate! The most valuable lessons from this program: * Information System (IS) Auditing * Business application development process/Systems Development Life Cycle (SDLC) * Risks & Controls and Assurance of Information System (IS) * Information System (IS) Maintenance Best Practices

Feeling swamped by the complexities of TCSI reporting? For smaller education providers, mastering TCSI reporting is not only about compliance; it's an integral part of your educational mission's success. Our new blog post shares some of the best practices to streamline your TCSI reporting process effectively. 📈💡 https://hubs.ly/Q02DwVXb0 Have any TCSI reporting tips or tricks? We'd love to hear them in the comments! #TCSI #TCSIsolution #TCSIreporting #TCSIsubmission

🚀 Excited to share that I've completed the CSRD Fundamental Course! This comprehensive course provided valuable insights into: 🔹 What is CSRD? 🔹 The objectives of the CSRD 🔹 Who is subject to the CSRD 🔹 Reporting implementation timelines 🔹 Core elements of reporting Feeling empowered with new knowledge and ready to leverage these insights in my professional journey! #CSRD #ProfessionalDevelopment #Sustainability #Reporting #CSRDFundamentals