In the evolving landscape of auditing, staying updated with new standards and requirements is vital yet challenging for professionals. This governmental auditing CPE course addresses the latest developments in audit requirements and standards, providing crucial insights into what's new and what's next in auditing. A significant focus is given to understanding and applying the going concern standard, a topic gaining relevance in today's business scenarios. Participants will delve into the nuances of determining going concern issues and explore the new communication requirements for those charged with governance, including board members and senior management. The course also covers new procedures for annual reports and effective techniques to enhance auditor-auditee relationships. Recognizing that auditors are often seen as an additional burden, the auditing CPE course offers strategies for smoothing over these relationships and better communicating findings. Participants will learn to articulate these findings clearly and compellingly, ensuring that they are effectively addressed and resolved. Finally, the governmental auditing CPE course will highlight the five attributes of a finding, complete with practical examples, empowering auditors to present their findings persuasively and foster acceptance and action.
Learning Objectives
Upon completion of this course, participants will be able to:
Identify the new audit standards and requirements
Apply the provisions for the new audit report
Apply the provisions for going concerns
Describe the new communications to Those Charges with Governance
Apply the new procedures related to Other Information Included in Annual Reports
Identify techniques to improve auditor/auditee relations
Identify the five attributes of a finding
Describe some techniques to improve a findings presentation
Identify techniques to get results from a findings presentation
Identify ways to develop useful recommendations
Recognize techniques to better communicate findings with the auditee
Identify methods to achieve acceptance of findings and recommendations
Identify the rationale and need for timely written comments to audit findings.
Major Topics
Standards and Fundamentals
Comparing Actuals to Standards or Expectations
