Before this audit standards CPE course, adapting to the newly enforced audit communication standards by the Auditing Standards Board might seem daunting. This audit CPE course acts as a bridge, transitioning you from uncertainty to confidence in your audit communications. After completing the auditing CPE course, you'll move from a basic understanding of audit communications to mastering the new requirements and standards set for 2021. You will gain insights into the revised definition of "Materiality," learn to apply new provisions in audit reporting, and enhance your skills in communicating with governance bodies. With Jeff Sailor's engaging teaching methods and unique video parodies, you will find yourself well-equipped to navigate these changes, ensuring your audits are both compliant and effectively communicated.
Learning Objectives
Upon successful completion of this course, the participant should be able to:
Identify the new audit standards and requirements
Describe the new definition for "Materiality"
Apply the provisions for the new audit report
Apply the provisions for going concern
Describe the new communications to Those Charged with Governance
Apply the new procedures related to communications
Apply the new provisions related to Other Information Included in Annual Reports
Major Topics
Materiality
The Audit Report
Structure of the Report
Related Parties
Fraud