Course Description

Compliance Audits is a CPE webinar that will discuss audit compliance requirements and the utilization of risk assessment procedures. This webinar will review compliance in reporting and documentation as defined by SAS No. 117. This webinar will discuss the auditor’s responsibility in relation to other information in documents containing audited financial statements and the audit report. This webinar will discuss the auditor’s role when material inconsistencies are identified. This webinar will identify the auditor’s responsibility for financial and nonfinancial information and review the procedures necessary to determine whether supplementary information is fairly stated. Finally, this webinar will review required supplementary information procedures and reporting guidelines.

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 audit compliance requirements and the utilization of risk assessment procedures.
• Identify compliance in reporting and documentation as defined by SAS No. 117.
• Recognize the auditor’s responsibility in relation to other information in documents containing audited financial statements and the audit report.
• Recognize the auditor’s role when material inconsistencies are identified.
• Identify the procedures necessary to determine whether supplementary information is fairly stated.
• Recognize required supplementary information procedures and reporting guidelines as defined by SAS No. 120.

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