Course Description

Auditing – Using Specialists 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.

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 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 Credits: 3 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