Course ID: FAQAI4

FAQ – Audit Issues

Using the popular “Frequently Asked Questions” format, this session will take a deeper dive into issues where auditors continue to have questions. It will deal with risk assessment implementation issues, efficiency issues for smaller clients, sampling, and more.


LEARNING OBJECTIVES
  • Participants will be able to efficiently apply auditing literature to a variety of troublesome issues.

MAJOR TOPICS

? Audit risk ? Documenting consideration of presumed risks of fraud ? Inherent risk and its role in combined risk ? Monitoring ? Key controls ? Process versus controls ? When testing controls makes sense and when it doesn’t ? Difference between the assessment of risk and the identification of significant risks ? Linkage ? Report on internal control (significant deficiencies and material weaknesses) ? Communications with those charged with governance (in planning and at the end of the audit) ? Using a service organization auditor’s report ? AICPA’s SAS No. 132 on the auditor’s consideration of an entity’s ability to remain a going concern.


DESIGNED FOR
All practitioners in public practice.

FIELD OF STUDY
Auditing

PREREQUISITES
None

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
4.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

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