Course Individually
Course Description
Information and Documents Included in the Auditor's Report is a CPE course that will discuss the guidance concerning other information and documents included in addition to audited financial statements and the independent auditor's report. This course will review the procedures an independent auditor should consider in regards to SAS No. 12 Inquiry of a Client’s Lawyer Concerning Litigation, Claims, and Assessments. This course will discuss the auditor’s responsibility in expressing an opinion in the auditor’s report or stating that an opinion cannot be expressed. This course will review SAS No. 29 and its guidance on reporting on information accompanying the basic financial statements in auditor-submitted documents. Finally, this course will discuss supplementary information required by GAAP in terms of SAS No. 29.
NOTE - This is a Video Self-Study Course
Learning Objectives
At the end of this course, students will be able to:
- Identify the auditor’s responsibilities per SAS No. 6.
- Recognize the procedures an independent auditor should consider in regards to SAS No. 12 Inquiry of a Client’s Lawyer Concerning Litigation, Claims, and Assessments.
- Identify the matters in a letter of audit inquiry.
- Recognize the factors that should be considered in assessing probability of the incurrence of loss.
- Recognize the auditor’s responsibility in expressing an opinion in the auditor’s report or stating that an opinion cannot be expressed.
- Identify the information accompanying the basic financial statements in auditor-submitted documents.
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
