CPE & Event Catalog

The Uniform Grant Guidance - general principles and basic premises. Risk assessment and monitoring. Additional expectations for risk assessments. The consideration of fraud: the fraud triangle. Have a monitoring plan for each recipient. Follow up on all identified problems. The Single Audit, and more.

2 CPR 200, Subpart E - general principles and basic premises. Test of cost allowability. Composition of costs. Selected items of cost. Compensation for personal services. Costs for services. Buildings and equipment costs. Additional selected items of cost.

Communication challenges. Get to know the client during audit engagement. Theory vs. Practice. Using emotional intelligence to manage relationships. Trusted advisor characteristics. The six steps to creating influence.

Current audit requirements.

7 habits of effective auditors.

Accounting information systems and packages. Computer software in managerial accounting. Information security and data protection. The accountant and the networked environment. The accountant and database management systems. Information systems and financial analysis.

Accounting estimates.

Auditor overall responsibilities. Evaluating methods of estimation. Identification and evaluation of significant assumptions. Auditor derived expectations. Evaluating post-measurement date evidence. Evaluating audit results. Audit challenges. Best practices when auditing accounting estimates.

Recent cases of accounting fraud. Motivations of fraud. Opportunity for fraud. Koss corporation. Fair finance company. Diamond foods.

Accounting and financial reporting for cryptocurrency and other digital assets.

Financial statement translation. Foreign currency transactions. Other foreign currency topics.

Compare and contrast the basis and requirements of preparing financial statements, compilations, reviews, and audits. Critical elements of compilation, review, and audit reports. Impact of special purpose accounting frameworks and other special issues. Exercise on designing inquiries and analytics in a review. Case study differentiating the scope of various non-attest and attest services. Avoiding litigation risks in accounting services.

Effective and efficient financial statement audits.

Agile auditor. Agile audit constraints. Agile audit engagement. Agile audit benefits.

Identifying risk of material misstatement through preliminary analytic review procedures. Ensuring sufficient appropriate audit evidence is gathered through final overall analytic review. Establishing expectations for analytic procedures. Properly designing, documenting and evaluating the results of substantive analytic review procedures. Disaggregating substantive analytics for stronger results. Factors impacting the design of substantive analytic procedures. Common pitfalls in performing substantive analytic procedures.

Analytical procedures. Critical thinking.

Terms of engagement - Au-C Section 210. Auditor's communication with those charged with governance - AU-C Section 260. External confirmations - AU-C Section 505. Written representations - Au-C Section 580. Communicating internal controls matters identified in an audit - Au-C Section 265. Audit evidence - litigation, claims, and assessments - Au-C Section 5001.

Fraud studies and statistics. Fraudulent financial reporting risk factors. Misappropriation of assets. Auditing. Identifying and assessing risks. Assessment results response. Revenue recognition fraud. Disclosure failures. Studying fraud schemes.

Audit documentation.

Red flags in financial and revenue reporting. Financial statement irregularities. Key financial ratios and benchmarks. Unusual accounting practices. Using analytics and trend analysis. Revenue recognition red flags.