Governmental Auditing - Standards and Fundamentals FLEXCAST
Available Until
Your Desk
5.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
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.
Highlights
Standards and fundamentals. Comparing actuals to standards or expectations.
Prerequisites
None.
Designed For
Governmental auditors, CPAs, and other auditing professionals.
Objectives
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.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Thomas Stephens Jr, Partner, K2 Enterprises, LLC
Thomas G. Stephens, Jr., received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. Upon graduation, Mr. Stephens began working for an Atlanta-based public accounting firm. After earning his designation as a Certified Public Accountant, Mr. Stephens worked for BellSouth Corporation in Atlanta as an Internal Auditor. After two years as an auditor, he was promoted to Staff Manager and then Operations Manager of the Internal Audit Group. In 1991, he transferred to the Comptrollers’ department of BellSouth and served as Manager of the Cost Accounting organization. While working full-time at BellSouth Corporation, Mr. Stephens also attended graduate school, earning a Masters of Science (Major in Finance) from Georgia State University in 1992. Mr. Stephens left BellSouth in 1994 and opened his public accounting practice in the metropolitan Atlanta area. In his practice, Mr. Stephens provided accounting, tax, and consulting services to individuals and a wide variety of small and emerging businesses. As part of his practice, he developed a successful consulting practice providing installation and support services of small business accounting software. Additionally, he began authoring and presenting continuing professional education courses to accounting and finance professionals. In 2003, Mr. Stephens affiliated with K2 Enterprises and in 2007 he joined the firm as a partner. To date, he has lectured nationally on subjects such as internal controls for small businesses, technology strategies, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications. Over the past nineteen years, Mr. Stephens has presented in excess of 1,800 educational sessions to over 55,000 participants nationwide. Presently, Mr. Stephens resides in Woodstock, Georgia where, in addition to his association with K2 Enterprises, he provides consulting services to small businesses and CPA firms. In addition to an active professional career, Mr. Stephens enjoys an active personal life as well. He and Michelle – his wife of twenty-nine years – have two children. His hobbies include snow skiing, fishing, and running. Additionally, Mr. Stephens maintains professional memberships with the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants and is a past member of the Institute of Internal Auditors.
Non-Member Price $113.00
Member Price $98.00