CPE Credit Hours: 2
Field of Study: Auditing
Publication date: March 2023
The objective of this course is to review three recently issued auditing standards: SAS Nos. 146-148.
The first section reviews the requirements found in SAS No. 146 related to quality management of an audit engagement. It identifies the key elements, the crucial role and responsibilities of the engagement partner in managing the audit, and the importance of quality to all members of the audit engagement team.
The second section covers the various changes made to AU-C 210, Terms of Engagement, by SAS No. 147, in connection with fraud and noncompliance with laws and regulations.
Finally, the third section discusses amendments made to AU-C 935, Compliance Audits, by SAS No. 148, to reflect changes made by recently issued auditing standards SAS No. 142 and 145. It also identifies amendments to the appendix to AU-C 935 that identify AU-C sections which are specifically excluded from application to compliance audits.
This is a self-study CPE course.
Program level: Overview
Prerequisites: General understanding of compilation and review, and auditing standards
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date of Purchase
