Auditing Developments #3122
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Course Description
Course publication/revision date: This course was updated on 2/23/2015.
The latest developments affecting audit engagements are addressed in this course. Part of planning an audit involves consideration of the business and economic environment in which the client operates. Thus, auditors need to be aware of the various types of fraud that clients and employees may be committing, especially in light of myriad lawsuits against auditors and accountants. In addition to applying techniques to limit their liability to their clients and third parties, auditors are confronting other major problems facing the accounting field, including compliance with the Sarbanes-Oxley Act. The peer review comments and new auditing statements provide further guidance on current issues. To deal with the volatility in the business climate, auditors should focus their efforts in key areas and should take lessons from litigation.
Additionally, in this course, auditors will learn how to perform more efficient engagements, and lastly, a section on the issuance of SAS Nos. 127 and 128 as part of the ASB’s Clarity Project, and much more. The course focuses on reviewing and recalling rules related to auditing standards including new developments related to those standards.
Course Information