Companion to PPC's Guide to Homeowner's Associations and Other Common Interest Realty Associations - Course 1 - Pre-engagement Activities and Audit Planning (HOATG201)  

Identify appropriate strategies for making client acceptance and continuance decisions and establishing the terms of the engagement in a CIRA audit.

Recognize the types of audit planning that are needed in a CIRA audit, such as risk assessment, management inquiries, and the engagement team discussion.

Determine how an auditor obtains an understanding of the CIRA and its environment.

Identify the components necessary for an understanding of a CIRA’s internal control.

Identify the audit planning decisions and judgments that may be needed in a CIRA audit.

Determine the best way to address sampling, detailed audit plans and workpapers, and initial engagements when performing a CIRA audit.