The objective of this course is to review four recently issued auditing standards: SAS Nos. 146-149. The first section reviews the requirements found in SAS No. 146 related to quality management of an audit engagement, including identifying the key elements of quality management, the important role and responsibilities of the engagement partner in managing the audit, and the importance of quality to all members of the audit engagement team. The second section informs the reader of the various changes made to AU-C 210, Terms of Engagement, by SAS No. 147 in connection with fraud and noncompliance with laws and regulations. Topics include clarifying requirements and guidance related to a successor auditor's inquiries of a predecessor auditor, responsibilities of the predecessor auditor to respond to successor auditor inquiries when authorized by management, and more. The third section addresses amendments made to AU-C 935, Compliance Audits, by SAS No. 148, to reflect changes made by recently issued auditing standards SAS No. 142 and 145. The course also identifies amendments to the appendix to AU-C 935 that identifies AU-C sections that are specifically excluded from application to compliance audits. Finally, SAS No. 149 addresses special considerations that apply to a group audit, including in circumstances in which component auditors are involved or when the group auditor makes reference to the audit of a referenced-to auditor. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. Prerequisites: General understanding of compilation and review and auditing standards. Course level: Basic/Overview.