Common Audit Deficiencies (Currently Unavailable)
Author: Melisa Galasso
| CPE Credit: |
5 hours for CPAs |
This course will review common deficiencies identified by the AICPA and state boards of accountancy. It includes discussion on a variety of topics including auditing estimates, internal controls deficiencies, documentation deficiencies, and risk assessment. We will review the areas of concern, the profession’s response to these deficiencies, and how you can overcome them by employing best practices.
Publication Date: April 2020
Designed For
Accountants in public practice.
Topics Covered
- Risk Assessment
- Auditing Estimates
- Documentation Deficiencies
Learning Objectives
- Describe common audit deficiencies
- Identify how to properly perform risk assessment and documentation
- Identify internal controls
- Recognize procedures for auditing estimates using a risk-based approach
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Auditing (5 hours)
Program Prerequisites
Prior experience with GAAS.
Advance Preparation
None
