CPE & Event Catalog

Professional judgement.

Quality management.

Best practice techniques for auditing common accounts receivable risks

Areas of audit interest. Audit planning. Understand the contractor and its environment. Understanding audit risk. Understanding contractor controls. Materiality. Audit procedures specific to contractors. Auditing contractor estimates. Developing audit documentation.

Going concern accounting and disclosure.

Long-lived assets.

Assets classified as inventory.

Evaluating the proper recognition, measurement, and disclosure of the most common investments types.

Techniques for auditing accounts payable, accrued expenses, and common long-term financing arrangements and related debt covenants.

Areas of audit interest. Audit planning. Understanding audit risk. Materiality. Using the work of an auditor's specialist. Developing audit documentation.

Generally accepted accounting principles related to sales, including the revenue recognition model of Topic 606. Common revenue recognition fraud schemes and potential audit responses. Audit responses to significant risks requiring special audit consideration related to revenue recognition.

Areas of audit interest. Audit planning. Understanding audit risk. Understanding government entity controls. Materiality. Audit procedures specific to state and local governments. Writing representations.

Review Excel's formula auditing and error checking tools. Identify the most common errors and sources of imbalance in a 3-statement model. Apply techniques to ensure consistency and accuracy across financial models, including checking for column alignment, row differences, and proper referencing. Reconcile changes in balance sheet accounts with corresponding cash flow statement entries to identify and resolve discrepancies effectively.

Auditor responsibilities. Audit committee communication.

Auditor independence. Ethical conflicts. Safeguards. Client affiliates. Reissued reports. Network arrangements. Fees. Trusts and estates. Loans. Leases. Nonattest services. Independence standards for SSAE engagements. Breach of an independence interpretation.

Audits of group financial statements. Key issues related to group audits. The audit process.

Audit requirements. Audit procedures. Requirements under HUD Consolidated Audit Guide and the Uniform Guidance.

Automobile apportionment. Actual cost method. Expensing. Predominate business use rule. Auto leasing. Standard mileage method. Working condition fringe benefits.

Marketing principles. Marketing automation. Marketing practical tips. Marketing pitfalls.

Differentiating risks faced when performing nonaudit services, such as reviews, compilations, preparing financial statements, bookkeeping, tax return preparation, and similar. Best practices for preventing quality control concerns that could lead to peer review deficiencies or malpractice claims. Establishing an understanding with the client to minimize misunderstandings as to the nature and scope of engagements. Explain situations when independence should be appropriately safeguarded when performing nonattest services.