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.
Course ID: FAQAI4
FAQ – Audit Issues
- Participants will be able to efficiently apply auditing literature to a variety of troublesome issues.
? 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 FORAll practitioners in public practice.
FIELD OF STUDY