- NY Credits : 9.0
- TX Credits : 9.0
This interactive self-study course looks at risk assessment procedures and planning necessary for audits of nonpublic companies.
Course Expiration Date: May 31, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $109.
Recognize what risk assessment and other planning procedures are necessary to audit a nonpublic company.
Determine the best way to obtain an understanding of the audit client and its environment.
Determine how to obtain an understanding of the audit client's internal control.
Recognize how to obtain an understanding of the audit client's entity-level controls.
Identify and obtain an understanding of the audit client's activity-level controls.
Identify the planning decisions and judgments that an auditor must make when auditing a nonpublic company.
Determine the auditor's responsibilities related to fraud, laws, and regulations when auditing a nonpublic company and recognize how to plan an appropriate audit time estimate.
Lesson 1—Risk Assessment, Other Planning Procedures, and Understanding the Entity and Its Environment
Lesson 2—Understanding Internal Control, Entity-level Controls, and Activity-level Controls
Lesson 3—Planning Decisions and Judgments, Fraud, Laws and Regulations, and the Audit Time Estimate