Auditing DevelopmentsCode: 24-AUD

392 pages

Content: 

The objective of this course is to address the latest developments affecting 2020 and 2021 audit engagements, including the impact of COVID-19 on 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 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 the new auditor�s report, auditing estimates and audit evidence guidance found in SAS Nos. 134-143,  and  the new attestation standards found in SSAE Nos. 19-22.    

The course focuses on recalling, recognizing and identifying rules related to auditing standards including new developments pertaining to those standards. 

Objectives:

To review a variety of auditing developments affecting the profession including audit risk alerts.