Course Individually
Course Description
Auditing - Supplementary Information, Client Illegal Acts and Analytical Procedures is a CPE webinar that will review SAS numbers 51, 52, 54 and 56. This webinar will discuss reporting standards defined by SAS No. 51 for financial statements prepared for use outside of the United States. This webinar will describe the procedures to be applied to supplementary information required by FASB, GASB, or FASAB as provided by SAS No. 52. This webinar will review SAS No. 54 and audit procedures in response to possible illegal acts. Finally, this webinar will discuss the guidance provided by SAS No. 56 concerning analytical procedures and review factors influencing the auditor’s consideration of the reliability of data for purposes of achieving audit objectives.
We provide a Subject Matter Expert (SME) to answer any questions you may have during this session. SMEs are available from 8am to 7:30pm Central Time. This course should only be taken during SME hours.
Learning Objectives
At the end of this webinar, students will be able to:
- Identify the reporting standards defined by SAS No. 51 for financial statements prepared for use outside of the United States.
- Recognize the possibility of illegal acts by a client.
- Recognize how the auditor should consider the implications of an illegal act in relation to other aspects of the audit.
- Identify the guidance provided by SAS No. 56 concerning analytical procedures.
CPE Credits: 2 CPE for CPAs
Level: Intermediate
Instructional Method: Group Internet Based
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: March 23, 2023
