• Course Information

    Title: Auditing: The Latest Developments
    Category: Accounting and Auditing
    Field of Study: Auditing
    Course Code: A018-0253
    CPE Credits: 16.0
    Price: $99.95
    Add to Cart

Description

Description:
Part of planning an audit involves consideration of the business and economic environment in which the client operates. Thus, auditors need to be aware of the various types of fraud that clients and employees may be committing, especially in light of myriad lawsuits against auditors and accountants. In addition to applying techniques to limit their liability to their clients and third parties, auditors are confronting other major problems facing the accounting field, including compliance with the Sarbanes-Oxley Act. The peer review comments and new auditing statements provide further guidance on current issues. To deal with the volatility in the business climate, auditors should focus their efforts in key areas and should take lessons from litigation. Additionally, in this course, auditors will learn how to perform more efficient engagements, understand the guidance found in SAS Nos. 131 to 133 and SSAE No. 18, and much more. The course focuses recalling, recognizing and identifying rules related to auditing standards including new developments pertaining to those standards.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Policies: Click here

Course Details

Author: Steven C. Fustolo

Category: Accounting and Auditing

Field of Study: Auditing

Passing Score: 70%

Publication Date: 03/19/2018

For More Detail: Click here

If you are unable to view PDF then right click the mouse and click save link as

Objectives

Objectives:
Section 1:      Auditing Developments
1. Identify certain factors that an auditor may or may not consider in assessing going concern
2. Identify audit procedures that an auditor should perform on receivables and inventories
3. Identify the categories of securities found in existing GAAP
4. Identify examples of fraud involving fraudulent financial reporting and misappropriation of assets
5. Recognize the three conditions of the fraud triangle
6. Recall additional procedures required by an auditor to deal with the risk of management override of internal controls

For More Objectives: Click here

If you are unable to view PDF then right click the mouse and click save link as

Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: No IRS credit for Enrolled Agents.

Start Saving on Your CPE Today!

Join MasterCPE