Auditor Reporting Models

Authored by Pat Patterson
About this Course
Topics covered include: Communicating Key Audit Matters; Modifications to the Opinion; Transition to the new standard and effective dates; Section 210, Terms of Engagement; Section 220, Quality Control for an Engagement Conducted in Accordance With Generally Accepted Auditing Standards, as amended; Section 230, Audit Documentation, as amended; Section 260, The Auditor's Communication With Those Charged With Governance, as amended; Section 510, Opening Balances—Initial Audit Engagements, Including Reaudit Engagements; Section 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures; Section 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors), as amended. Upon completing this course, you should be able to: Provide users with a timely update on the recently issued new Statements on Auditing Standards — Auditor Reporting; Communicate key audit matters in the independent auditor's report; Identify the new form and content of modifications to the opinion in the Independent Auditor's Report; Recognize the new meanings of the Emphasis of Matter Paragraphs; Describe the new meanings of the Other Matter Paragraphs; Identify opening balances—Initial Audit Engagements, Including Reaudit Engagements; Recognize effective dates, reporting requirements, disclosure requirements, and related matters as deemed appropriate; Recognize selected new auditor reporting models; Identify key audit matters in the independent auditor's report; Recognize the new form and content of modifications to the opinion in the independent auditor's report; Identify anticipated changes to auditor reporting.
$ 34.00
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NASBA Field of Study
Auditing
Level
Intermediate
CPE Credits
2.0
Prerequisites
General knowledge of generally accepted auditing standards.
Last Updated
07/02/2018
13994