Auditing Procedures & Practices: Audit Supervision (Completed)

Join Pat Patterson, CPA, as he discusses the direction of the engagement team which involves informing the members of the engagement team of matters.

Who Should Attend
Professionals in public practice, business, industry, government, and education who deal with nonpublic entities and need a course on how to handle the new major auditing issues of auditor reporting when involved with supervision.

Topics Covered

• Discussion among members of the engagement team allows team members to raise questions so that appropriate communication can occur within the engagement team
• Appropriate teamwork and training to assist members of the engagement team to clearly understand the objectives of the assigned work
• Supervision matters including:
  • Tracking the progress of the audit engagement
  • Considering the competence and capabilities of individual members of the engagement team, including whether they have sufficient time to carry out their work, they understand their instructions, and the work is being carried out in accordance with the planned approach to the audit engagement
  • Addressing significant findings or issues arising during the audit engagement, considering their significance, and modifying the planned approach appropriately
  • Identifying matters for consultation or consideration by qualified engagement team members during the audit engagement

Learning Objectives

• Identify how to discuss among members of the engagement questions so that appropriate communication can occur within the engagement team
• Recognize the teamwork and training needed to assist members of the engagement team to clearly understand the objectives of the assigned work
• Differentiate how to supervise matters
• Recognize how to track the progress of the audit engagement
• Differentiate the competence and capabilities of individual members of the engagement team, including whether they have sufficient time to carry out their work, they understand their instructions, and the work is being carried out in accordance with the planned approach to the audit engagement
• Recognize how to address significant findings or issues arising during the audit engagement, considering their significance, and modifying the planned approach appropriately
• Identify matters for consultation or consideration by qualified engagement team members during the audit engagement

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Basic understanding of generally accepted auditing standards.

Advance Preparation
None