Understanding and Applying SAS 142 – Audit Evidence
After completing this course, the learner should be able to:
- Identify the requirements for evaluating audit evidence
- Describe changes to the audit evidence standard
- Define the terms sufficient and appropriate
Instructor bio
Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC and a subject matter expert for Becker Professional Education. A CPA with over 15 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not for profit and governmental accounting.Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), the AICPA’s Technical Issues Committee (TIC), has had leadership roles on various A&A committees, and serves on the VSCPA’s Board of Directors.
Melisa is a 2020 Enterprising Women of the Year Award recipient and was honored as a “40 under 40” by CPA Practice Advisor in 2017, 2018 and 2019. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.
Prior to establishing Galasso Learning Solutions, Melisa worked in public accounting, industry, internal audit, and academia. She received a Bachelor of Science in Business Administration with a concentration in Accounting and International Business from Georgetown University.
What is SAS 142?
In July 2020, the AICPA's Auditing Standards Board released a statement related to new audit evidence standards - SAS 142. This statement includes significant updates related to using emerging technology, including automation, during the audit process, as well as the expanding use of external information sources to gather audit evidence and the relevance and reliability of evidence collected through these channels.
More specifically, SAS 142 provides expanded guidance on how to determine whether the auditor obtained sufficient, appropriate evidence. Also, the statement includes examples of how you as an auditor can use modern tools and technology, such as data analytics or even drones, to assist in the process.
SAS 142 went into effect on December 15, 2022 and supersedes AU-C section 500, Audit Evidence. It also amends other sections of SAS 122, Statements on Auditing Standards.
Who is this course for?
There are no prerequisites in place to take this course. However, it is designed for those working in an auditing role or those looking to make the shift into an auditing career.
A Becker Professional Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823