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Handout Materials
Presentation Slides
Free cpe webinars
New Audit and Review Reporting Models


Cost Free
Presentation Length 1.0 hour

Recorded DateDecember 23, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelBasic
Course Description

For calendar year ends, there is a new audit report effective for substantially all engagements, and there are noticeable changes to the review reporting model as well. Learn the practical aspect of implementing in an up-tempo presentation.

  • Learning Objectives:

  • Recognize select elements of the new audit reporting model

  • Recall select elements of the changes to the review reporting model

  • Determine some of the ways those in the industry may be affected by the change

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Steven Morrison

Partner, National Assurance
(646) 601-7740

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Steven Morrison is the Partner-in-Charge of the Audit Quality Group at CohnReznick, bringing experience as a client service engagement partner, quality control reviewer, and standard-setter. He has worked with entities in various industries, including automotive dealerships, employee benefit plans, freight forwarding/mail courier, not-for-profit, retail, and wholesale/distribution. His experience encompasses effectively addressing unique accounting and audit issues of entities in the United States, Asia, Europe, Oceania, and the Americas. Steven addresses companies’ specific issues in various industries and has extensive experience communicating simple and complex technical matters to all personnel levels. His current responsibilities include developing firm methodology, including rapidly developing situations such as COVID-19, consulting on complex accounting and audit matters, and independence considerations.

From 2015 to 2018, he served on the American Institute of Certified Public Accountants’ (AICPA) Auditing Standards Board (ASB), a senior committee that promulgates U.S. Generally Accepted Auditing Standards. As a part of his responsibilities on the board, he served as the final chair of the going concern taskforce, which updated the going concern standard with SAS 132. He also served on the audit evidence task force, considering updates to AU-C 500, Audit Evidence, and other standards for issues such as blockchain and artificial intelligence.

About Our Presenter

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From their origins in 1919, an innovative and client-centric culture has flourished at CohnReznick. They believe that this mindset defines them in many ways. First, they have an affinity for their clients — they understand your drive. Second, they recognize leadership — talent shapes the direction of the Firm. And third, they view their success as a call to action — a means to improve communities, promote beneficial legislative policies, and progress the high standards of the accounting profession.