Course Individually
Course Description
Auditing – Using Specialist and Issuing Comfort Letters is a CPE webinar that will discuss the review the guidance of SAS No. 73 in respect to the use of a specialist in an audit. This webinar will identify procedures an auditor may consider performing to access laws and regulations that may affect the audit of a governmental entity. This webinar will discuss how the auditor should proceed in instances where noncompliance could have a material effect on federal financial assistance programs. This webinar will define the applicability of SAS No. 76 in regards to comfort letters in compliance with SEC requirements.
Learning Objectives
At the end of this course, students will be able to:
• Identify the guidance provided by SAS No. 73 concerning the use of a specialist in an audit.
• Identify procedures an auditor may consider performing to access laws and regulations that may affect the audit of a governmental entity.
• Identify how the auditor should proceed in instances where noncompliance could have a material effect on federal financial assistance programs.
• Recognize the nature and scope of comfort letters and guidance on format and contents.
• Recognize what an auditor may or may not comment on in regards to tables, statistics and other financial information in a comfort letter.
CPE Credit: 4 CPE Credits for CPAs
Level: Intermediate
Instructional Method: Group Internet Based
NASBA Field of Study: Auditing
Program Prerequisites: None
Advanced Preparation: None
Revision Date: April 6, 2021
