Title: | Auditing: Major Changes to Auditing Standards - SAS Nos. 122-133 |
Category: | Accounting and Auditing |
Field of Study: | Auditing |
Course Code: | A018-0260 |
CPE Credits: | 8.0 |
Price: | $59.95 |
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Description:
This course explains the significant changes made to auditing standards by the Auditing Standards Board's Clarity Project that resulted in the issuance of SAS Nos. 122-133. The course is written in a format that provides an overview by allowing the reader to review, recall and identify key provisions within auditing standards.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
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Author: Steven C. Fustolo
Category: Accounting and Auditing
Field of Study: Auditing
Passing Score: 70%
Publication Date: 01/27/2020
Technical Details: Auditing is a technical field of study.
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Objectives:
1. Identify categories of laws and regulations that are found in AU-C 250
2. Identify the scope of communications an auditor should make with respect to noncompliance with laws and regulations
3. Identify some of the different types of deficiencies in internal control found in a financial statement audit
4. Identify the indicators that may suggest there is a material weakness in internal control
5. Identify the information that should be included in a communication of certain deficiencies in internal control
6. Recognize the new audit report title
7. Identify examples of headings that should be in the new auditor report
8. Recall some of the modified opinion headings found in the new audit report
9. Identify the new type of paragraph that is permitted in the audit report
10. Identify some examples of where an emphasis-of-matter paragraph is required in the audit report
11. Identify the new group auditor rules including the responsibilities of parties involved, and the procedures to be performed
12. Identify the different types of special purpose frameworks permitted under the new auditing standards
13. Identify some of the elements that are required in the different types of special purpose reports
14. Identify the general types of disclosures requires in special purpose framework financial statements
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