Login

Self Study

Stay up to date on the latest changes...

Shop course
/ Shop course
Auditing Developments

Auditing Developments

$99.95$99.95
  • SKU : A0304
  • OUR PRICE :$99.95
  • CREDIT HOURS : 16
Add to cart Email a friend
Auditing Developments
 
 
 
 
Course Description:
 
The objective of this course is to address the latest developments affecting 2023 and 2024 audit engagements.
 
Topics include: addressing the auditor’s consideration of the business and economic environment in which the client operates; accounting and auditing engagement issues during post-COVID-19 including the impact of the pandemic on an entity’s ability to continue as a going-concern;  client and employee fraud;  specific accounting risks for auditors to consider;  limiting auditor’s liability; key audit focus areas during volatile times; lessons from litigation; efficiency engagements to reduce auditor time; various practice issues related to audits; dealing with DOL audits of employee benefit plans; and more.
 
Additionally, in this course, auditors will learn about auditing estimates, obtaining audit evidence,  changes made to the auditor’s understanding of the entity and its environment, risk assessment procedures, using the work of specialists as audit evidence, changes to compliance audits, and more. These changes are found in newly issued SAS Nos. 142-149. 
 
The course focuses on recalling, recognizing and identifying rules related to auditing standards including new developments pertaining to those standards.
 


 
 
Learning Objectives:
 
Upon successful completion of this course, participants will be able to:
  • Identify an example of a concentration which might require disclosure
  • Recall the definition of near term
  • Identify the most obvious approach to account for a PPP loan under GAAP
  • Recall how an entity should account for PPP loan forgiveness
  • Identify a scenario in which it would be impracticable for an auditor to attend a physical inventory
  • Recognize an advantage of remote auditing
  • Recognize a behavioral trait of most occupational fraudsters
  • Identify a suggestion for an auditor reducing time and increasing audit efficiency
  • Recognize when negative accounts receivable confirmations should not be used
  • Identify the form of a comfort letter that would be appropriate for an accountant to make to a lender
  • Recall the rule for an auditor presenting his or her city and state on the audit report
  • Identify the rules for an auditor communicating deficiencies found in an audit
  • Recognize an example of a result that can occur if there is a problem with a DOL employee benefit plan audit
  • Identify a type of fraudster
 
Course Number:
A0304
NASBA Field of Study:
Auditing
Level:                    
Overview
Author/Instructor:
Steven C. Fustolo
Publication Date:
 April 2024
 
CPE Credits:
16
 
Program Prerequisites:
General understanding of auditing standards
 
Advanced Preparation:
None

 

Recommended Courses

Auditing Developments $138.95

Auditing Developments

Instructor:

Credits: 16

more details

The Wait is Over

SIGNUP TODAY AND RECEIVE 8 HOURS OF FREE CPE CREDIT

Submit

Quick Link

Help

Account

How may we Help you?

Info@cpecredit.com 1-800-545-7601

Connect with us

Copyright © 2018 CPE Credit. All Rights Reserved.

cross

// 15-Aprial 19 discount pop