- NY Credits : 7.0
- TX Credits : 7.0
This interactive self-study course discusses the risk assessment procedures and planning required for a governmental audit. Lesson 1 covers risk assessment and other planning procedures, obtaining an understanding of the entity and its environment, and obtaining an understanding of internal control. Lesson 2 discusses obtaining an understanding of both entity-level and activity level controls, the planning decisions and judgment an auditor makes in this type of engagement, fraud, compliance with laws and regulations, and planning the audit time estimate.
Course Expiration Date: April 30, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $109.
Identify the sequence of audit planning, special considerations for governmental units, and risk assessment and other planning procedures that may be needed in a governmental audit.
Determine best practices for obtaining an understanding of the governmental entity and its environment.
Recognize best practices for obtaining an understanding of a governmental entity's internal control.
Determine what an auditor should do to obtain an understanding of a governmental unit's entity-level and activity-level controls.
Identify the planning decisions and judgments that an auditor may have to make in a governmental audit.
Recognize how an auditor should address fraud and compliance with laws and regulations during a governmental audit and how to plan a time-efficient audit.
Lesson 1—Risk Assessment and Other Planning Procedures, Understanding the Entity and Its Environment, and Understanding Internal Control
Lesson 2—Understanding Entity-level and Activity-level Controls, Planning Decisions and Judgments, Fraud, Noncompliance with Laws and Regulations, and the Audit Time Estimate