Price range: $58.00 through $78.00
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and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
 Secure Transaction CPE Credits
2 Credits: Auditing
Course Level
Overview
Format
Self-Study
Course Description
This course covers auditor responsibilities for engagement deficiencies and the subsequent discovery of facts after the audit report date. It explains how to identify and evaluate deficiencies on in-process, completed, and other firms’ engagements, and how quality control and regulatory oversight play a role. The course also addresses updating audit documentation, performing additional procedures, and working with clients and regulators to ensure accurate disclosures and prevent reliance on outdated reports. It includes practical examples that illustrate common scenarios and shows how to determine when revisions to financial statements or the auditor’s report may be necessary.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Identify engagement deficiencies on in-process, completed, and other firms’ engagements
- Recognize situations that trigger the need for subsequent discovery of facts after the audit report date
- Determine appropriate procedures to update audit documentation and address gaps in evidence
- Select the proper actions to involve clients or regulators when disclosures are required
- Distinguish when revisions to financial statements or the auditor’s report are necessary
Course Specifics
SS926472122, SS926472122
April 3, 2026
There are no prerequisites.
None
48
Compliance Information
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
Kelen is a recognized author and reviewer of CPE courses and has authored over 230 courses (570+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple-choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.  Kelen has over 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP. Prior to HP, he served in …
QAS Self-Study
