Auditing Procedures & Practices: Audit Documentation

Authored by Pat Patterson
About this Course
Topics covered include: Nature and Purposes of Audit Documentation; General Principles and Responsibilities; The objective of the auditor regarding audit documentation; Definitions meeting the requirements of generally accepted audit standards, GAAS; Requirements including timely preparation of audit documentation; Requirements including documentation of the audit procedures performed and audit evidence obtained; Form, content, and extent of audit documentation; Departure from a relevant requirement; Matters arising after the date of the auditor's report; Assembly and retention of the final audit file; Form, content, and extent of audit documentation; Identification of specific items or matters tested and of the preparer and the reviewer. Upon completing this course you should be able to: Recognize and apply the requirements of GAAS; Identify how to design an audit to enable the auditor to achieve the objectives specified in GAAS; Describe the overall objectives of the auditor; Recognize the two things that must be documented if an auditor judges it necessary to depart from a relevant presumptively mandatory requirement; Identify the release date an auditor should assemble a client's final audit file; Describe the steps an auditor can take when a regulator requests access to audit documentation pursuant to law, regulation, or audit contract; Recognize why the AICPA is focused on improving audit documentation; Differentiate correct statements regarding audit documentation and how they apply; Describe the form of audit documentation; Gain a brief review of professional standards; Identify updates on AICPA Audit Documentation Standards; Recognize Practical Advice on Audit Docuemtnation.
$ 35.00
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NASBA Field of Study
CPE Credits
General understanding of generally accepted auditing standards.
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