- NY Credits : 7.0
- TX Credits : 7.0
This interactive self-study course discusses the basic approach to the audit of the financial statements of a construction contractor. It covers the process from the planning activities that start when the auditor considers whether to accept a new contractor client and extends through the preparation of a detailed audit plan. Also included in this course are the considerations that affect audit programs.
Course Expiration Date: July 31, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Determine pre-engagement activities and audit planning and how they relate to audits of construction contractors.
Identify how an auditor gains an understanding of a construction contractor under audit.
Determine an auditor's consideration of fraud and illegal acts unique to contractors and the auditor's understanding of the contractor's internal control.
Determine the auditor's planning decisions and judgments, including the timing of the engagement.
Identify special considerations for interim reviews.
Lesson 1—Planning the Audit
Lesson 2—Planning Decisions, Judgments, and the Timing of the Engagement