How to Audit Outsourced Functions

1 Credits: Auditing


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How to Audit Outsourced Functions

Course Level
CPE Credits

1 Credits: Auditing

Course Description

The How to Audit Outsourced Functions self-study CPE course is meticulously designed to equip auditors with the knowledge and skills necessary to effectively audit outsourced functions. This course covers a wide array of critical topics, including identifying risks that are magnified by outsourcing, outlining specific audit steps for examining outsourced operations, and detailing how auditors can contribute to contract formulation to protect their organizations. Participants will also learn about the unique challenges of offshoring, the importance of relying on third-party reports, and how to conduct risk assessments of suppliers. The benefit of this CPE course extends beyond risk mitigation, offering auditors a pathway to enhance their strategic role in ensuring outsourcing arrangements align with organizational goals and compliance requirements. By the end of this self-study CPE course, participants will be capable of guiding their companies through the complexities of outsourcing, ensuring that risks are managed and value is maximized.

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Learning Objectives

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

  • Recognize those risks that may be amplified in an outsourcing arrangement.
  • Specify the audit steps used to audit outsourced functions.
  • Specify the areas in which the auditor can provide input during contract formulation.
  • Describe the different risk assessment areas relating to the audit of a supplier.
  • Recognize the types of third-party reports that an auditor can rely on when formulating audit procedures for an outsourcing arrangement.
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Course Specifics

Course ID
Revision Date
January 31, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …