Audit Correspondence – Practical Applications of Clarified Auditing Standards ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
This course summarizes six Clarified Statements on Auditing Standards and discusses how to apply them to auditing procedures. Helpful examples of correspondence letters required by these standards also are included in the course.
Highlights
AU-C Section 210, Terms of Engagement. AU-C Section 260, The Auditor’s Communication with Those Charged with Governance. AU-C Section 505, External Confirmations. AU-C Section 580, Written Representations. AU-C Section 265, Communicating Internal Control Related Matters Identified in an Audit. AU-C Section 501, Audit Evidence-Specific Considerations for Selected Items.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers.
Objectives
Understand the requirements of the clarified auditing standards pertaining to certain audit correspondence in AU-C sections 210, 260, 505, 580 and 501. Learn practical ways to perform procedures and apply the requirements pertaining to certain audit correspondence. Conduct appropriate audit procedures and prepare audit correspondence. Accounts receivable confirmations. Management representation letters. Internal control letters. Lawyers letters.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Larry Perry, AICPA In-House Training
With 40 years’ experience as a CPA, Larry is a nationally-known author of accounting and auditing manuals, a professional continuing education instructor and author, and a consultant to CPA firms. Larry practices in Colorado Springs, Colorado and has served primarily small business, religious and small non-profit organizations and other nonprofit organizations. Larry is co-founder of CPA Firm Support Services, LLC, an organization dedicated to meeting the needs of small to medium-size CPA firms. He is currently developing audit guides and practice aids for use on very small audits that comply with the risk assessment standards and, at the same time, create efficiencies by reducing the volume of forms, checklists and working papers.
Non-Member Price $33.00
Member Price $29.00