Course Individually
Course Description
Responsibilities and functions of the independent auditor is a course that will discuss the role and function on an independent auditor. This course will the requirements for an auditor’s proficiency and level of required training. This course will examine adherence and application of generally accepted accounting principles. This course will discuss the process to be taken by principle auditors and the factors when deciding whether to reference to the audit performed by a previous auditor. This course will define the term subsequent events and describe the two types of subsequent events. This course will discuss the auditor’s responsibility in terms of the discovery of facts existing at the date of auditor’s report. Finally, this course will discuss the dating of the independent auditor’s report.
NOTE - This is a Video Self-Study Course
Learning Objectives
At the end of this course, students will be able to:
- Identify the responsibilities and functions of an independent auditor.
- Recognize the requirements for an auditor’s proficiency and level of required training.
- Recognize adherence and application of generally accepted accounting principles
- Identify the course of action of principle auditors and the decision to make or not to make reference to the audit performed by another auditor.
- Recognize two types of subsequent events.
- Recognize the auditor’s responsibility in terms of the discovery of facts existing at the date of the auditor’s report.
CPE Credits: 3 CPE for CPAs
Level: Intermediate
Instructional Method: Self-Study
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: March 16, 2023
