This CPE course can be purchased individually or as part of the Audit Staff Essentials - Experienced Staff/New In-Charge staff training bundle.
From going concern and intangibles to impairment of goodwill, there has been a theme developing in recent course chapters. In this intermediate-level CPE course, these subjects become more complex.
The risk to the auditor in these areas is not just in determining the proper audit procedure to apply, but rather is based on understanding the underlying area being audited. What makes these areas of greater risk is the complexity of the underlying accounting concepts and related required disclosures.
Auditors are tasked not only with obtaining evidence and being satisfied that the amounts are not materially misstated, but also with determining whether presentation and required disclosures are complete. AU-C section 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards, states that the objective of the auditor is "to express an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with an applicable financial reporting framework."
In this CPE course, we will explore a brief overview of GAAP and FASB ASC and the mechanics of FASB Accounting Standards Codification® (ASC). Understanding the structure and built-in tools contained in FASB ASC will help you accomplish your research efficiently.DISCOUNTS PCPS Members Receive Additional Savings!
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