Surgent's The Most Dangerous Elements of a GAAS Audit

The formula for a successful audit today consists of many elements. Some of those elements require more thoughtfulness and caution in their applica...

9/27/2021 12:30pm - 4pm | Online | Surgent

$139.00

CPE Categories: Auditing (4 CPE)

Description

The formula for a successful audit today consists of many elements. Some of those elements require more thoughtfulness and caution in their application than others. In this course, we will explore those more combustible elements that can cause the audit to blow up with the budget, peer reviewers, clients and others. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of today's GAAS.

Target Audience

All auditors

Course Objectives

Stay current on key aspects of maintaining professional skepticism and avoid problems with clients, peer reviewers, and others
Proficiently perform audits through an increased knowledge of how the various sections of GAAS are applied and interrelate to each other
Skillfully apply the more troublesome requirements used by auditors on a daily basis

Subjects

The documentation standard to which auditors are held (AU-C section 230)
The auditor's responsibility related to fraud (AU-C section 240)
Properly applying the core risk assessment standards (AU-C sections 315 and 330)
Assessing and effectively communicating internal control deficiencies (AU-C section 265)
Audit conclusions and reporting (several AU-C sections in the 700s)

Prerequisites

Basic audit knowledge