Companion to PPC's Guide to Homeowner's Associations and Other Common Interest Realty Associations - Course 3 - Preforming Substantive Procedures and Concluding the Audit (HOATG203)  

Identify the substantive procedures that are required for every audit and the different types of substantive procedures: tests of details and substantive analytical procedures.

Determine how to perform substantive audit procedures for CIRAs.

Identify how an auditor should address commitments and contingencies, accounting estimates and fair value, subsequent events, related parties, and going concern considerations at the conclusion of a CIRA audit.

Determine what makes up the management representation letter, how to deal with the accumulated results of audit procedures, when to use analytical procedures, appropriate timing for workpaper reviews, and what summarization and evaluation is needed at the conclusion of a CIRA audit engagement.

Recognize best practices for drafting financial statements and the auditor's report.