- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course discusses elements of HUD audits. Lesson 1 takes a look at performing substantive procedures, covering topics such as tests of details and substantive analytical procedures. Lesson 2 provides guidance on concluding the audit, including information on going concern considerations, written representations, the exit conference, and client communications.
Course Expiration Date: November 30, 2021
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify how tests of details and substantive analytical procedures are typically used in audit engagements.
Recognize substantive audit procedures that auditors may perform in HUD audits.
Identify appropriate methods for addressing commitments and contingencies, accounting estimates and fair value, subsequent events, and related parties in HUD audit engagements.
Recognize the going concern considerations and written representations that are needed for a HUD audit.
Determine how a HUD auditor should address the accumulated results of audit procedures, analytical procedures, workpaper review, and summarization and evaluation tasks related to the audit engagement.
Lesson 1—Performing Substantive Procedures
Lesson 2—Concluding the Audit