- NY Credits : 9.0
- TX Credits : 9.0
This interactive self-study course takes a look at concepts important to auditing a nonpublic company. Lesson 1 discusses risk assessment and the development of a detailed audit plan. Lesson 2 covers the substantive procedures that are needed for this type of audit engagement.
Course Expiration Date: May 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify and assess risks of material misstatement at the relevant assertion level, as well as consider the risks of fraud.
Determine best practices for responding to risk assessment and preparing the detailed audit plan.
Identify which substantive procedures are required in every audit and appropriate methods for choosing substantive procedures for a particular engagement.
Determine best practices for the use of confirmation procedures, tests of details, and substantive analytical procedures.
Assess other issues related to substantive procedures, such as fraud risk and completion, and determine proper timing for performing the selected substantive procedures.
Lesson 1—Assessing Risks and Developing the Detailed Audit Plan
Lesson 2—Substantive Procedures