Course ID: NONAUDIT

Nonaudit Services That Help Your Clients Face Today’s Challenges

Organizations worldwide are facing a variety of challenges due to continued pandemic fallout, changing regulatory landscape, uncertain economy, cybersecurity risk, and more. There are a variety of nonaudit services that public accountants can provide to clients to assist them in satisfying a variety of objectives related to financial reporting, operations, compliance, and strategy. This course will provide highlights of a variety of common professional service options to help clients satisfy their needs.


Learning Objectives
  • List nonaudit services that clients may find useful in today’s world, resulting from needs driven by the economic fallout from the pandemic, changing regulations, financing, third party comfort, and more.
  • Describe the differing objective of various levels of nonaudit services, including readiness consulting, internal audit assistance, agreed-upon procedures, reviews, and examinations.
  • Explain professional and technical standards available for successful performance of a wide variety of useful nonaudit services.

Major Topics
  • General guidance for providing quality nonattest services, such as consulting, internal audit assistance, and other engagements that do not provide any form of assurance or conclusion.
  • Agreed-Upon Procedures engagements under SSAE No. 19, and how they may be used to help with loan forgiveness requests and other contractual or regulatory filings.
  • Assisting clients with preparing or evaluating subject matters other than historical financial statements, including prospective financial information.
  • The value of Service Organization Control (SOC) engagements in evaluating an entity’s ability to manage financial reporting and cybersecurity risks, including SOC1, SOC2, and SOC3 reporting options.
  • How the SSARSs and the SSAEs can be used to satisfy a client’s needs for third party comfort or other stakeholder interests.

Advanced Preparations

None


Who Should Attend

Anyone interested in the resources available to public accountants for providing nonaudit services to clients.


Fields of Study
Auditing

Prerequisites

None


Provider
Business Learning Institute

CPE Credits
4.0

Level
Basic

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or team@blionline.org
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