CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Applying Clarified Auditing Standards to Audit Correspondence

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Auditing

Course Description

This course summarizes six Clarified Statements on Auditing Standards and discusses how to apply them to auditing procedures. Helpful examples of correspondence letters required by these standards also are included in the course. The Clarified Statements on Auditing Standards covered include: AU-C Section 210, Terms of Engagements; AU-C Section 260, The Auditor’s Communication with Those Charged with Governance; AU-C Section 505, External Confirmations; AU-C Section 580, Written Representations; AU-C Section 265, Communicating Internal Control Related Matters Identified in an Audit; and AU-C Section 501, Audit Evidence – Specific Considerations for Selected Items (litigation, claims, and assessments involving the entity).

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize terminology associated with and the requirements of the Clarified Auditing Standards pertaining to certain audit correspondence in AU-C Sections 210, 260, 505, 580, and 501
  • Identify practical ways to perform procedures and apply the requirements pertaining to AU-C Sections 210, 260, 505, 580, and 501
  • Identify appropriate audit procedures and prepare audit correspondence for engagement letters, written communications to persons charged with governance, accounts receivable confirmations, management representation letters, internal control letters, and lawyers letters

Course Specifics

Course ID
9159018
Revision Date
October 8, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Larry L. Perry Headshot
Larry L. Perry, CPA

Larry L. Perry, CPA, has been in practice for over 40 years. He writes accounting and auditing manuals and is currently an author and presenter of live staff training seminars, live webcasts, and self-study CPE programs, including self-study courses for Western CPE. He’s a managing member of CPA Firm Support Services, LLC, an organization that provides resources, training, and consulting to smaller CPA firms. Larry focuses on practical ways to perform effective and efficient accounting and auditing engagements.

Applying Clarified Auditing Standards to Audit Correspondence

Expert Instructors
Format
CPE CREDITS
1 Credits: Auditing

$29.00$49.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
1 Credits: Auditing

Course Description

This course summarizes six Clarified Statements on Auditing Standards and discusses how to apply them to auditing procedures. Helpful examples of correspondence letters required by these standards also are included in the course. The Clarified Statements on Auditing Standards covered include: AU-C Section 210, Terms of Engagements; AU-C Section 260, The Auditor’s Communication with Those Charged with Governance; AU-C Section 505, External Confirmations; AU-C Section 580, Written Representations; AU-C Section 265, Communicating Internal Control Related Matters Identified in an Audit; and AU-C Section 501, Audit Evidence – Specific Considerations for Selected Items (litigation, claims, and assessments involving the entity).

Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize terminology associated with and the requirements of the Clarified Auditing Standards pertaining to certain audit correspondence in AU-C Sections 210, 260, 505, 580, and 501
  • Identify practical ways to perform procedures and apply the requirements pertaining to AU-C Sections 210, 260, 505, 580, and 501
  • Identify appropriate audit procedures and prepare audit correspondence for engagement letters, written communications to persons charged with governance, accounts receivable confirmations, management representation letters, internal control letters, and lawyers letters

Course Specifics

Course ID
9159018
Revision Date
October 8, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Larry L. Perry Headshot
Larry L. Perry, CPA

Larry L. Perry, CPA, has been in practice for over 40 years. He writes accounting and auditing manuals and is currently an author and presenter of live staff training seminars, live webcasts, and self-study CPE programs, including self-study courses for Western CPE. He’s a managing member of CPA Firm Support Services, LLC, an organization that provides resources, training, and consulting to smaller CPA firms. Larry focuses on practical ways to perform effective and efficient accounting and auditing engagements.

Applying Clarified Auditing Standards to Audit Correspondence

Expert Instructors
Format
CPE CREDITS
1 Credits: Auditing

$29.00$49.00

Clear