Course Description
Course Publish/Revision date: This course was published on 2/9/2026.
The objective of this course is to address the latest developments affecting 2026 and 2025 audit engagements.
Topics include: addressing the auditor’s consideration of the business and economic environment in which the client operates; accounting and auditing engagement issues, including an entity’s ability to continue as a going-concern; client and employee fraud; specific accounting risks for auditors to consider; limiting auditor’s liability; key audit focus areas during volatile times; lessons from litigation; efficiency engagements to reduce auditor time; various practice issues related to audits; dealing with DOL audits of employee benefit plans; and more.
Additionally, in this course, auditors will learn about auditing estimates, changes made to the auditor’s understanding of the entity and its environment, risk assessment procedures, using the work of specialists as audit evidence, changes to compliance audits, and more. These changes are found in recently issued SAS Nos. 143-149.
The course focuses on recalling, recognizing and identifying rules related to auditing standards including new developments pertaining to those standards.
