CPE & Event Catalog

Common reasons for modifying audit opinions. Emphasis-of-matter or other-matter explanatory paragraphs. General audit procedures to identify relevant transactions and events impacting financial statement presentation and disclosure. Drafting relevant general footnotes, such as related party transactions, subsequent events, loss contingencies, and more. Improving the footnote drafting process.

Objective of financial reporting and Inter-relationships of financial statements and disclosures. Special purpose framework financial statements and the impact on audits. Types of audit reports, including reasons for modification. Financial statement drafting and issuance process. Performing a final quality control check before report release.

Audit skills.

Audit and attest quality matters.

Procedures for testing existence and valuation.

Auditing cash.

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.

Tips and techniques for obtaining sufficient appropriate audit evidence.

Tips and techniques for determining whether an impairment loss risk exists.

Auditing inventory.

Auditing investments.

Auditing liabilities.

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

Auditing tangible long-lived assets.

Auditing revenue recognition.

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.

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

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

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.