- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Audits of Nonprofit Organizations - Course 3 - Concluding the Audit (NPOTG183)
Identify the authoritative literature related to concluding an audit and how to address commitments, contingencies and liabilities within the financial statements.
Recognize the audit procedures related to lawyer's letters, subsequent events review and related parties.
Determine the considerations for an entity to be evaluated as a going concern.
Recognize the auditor procedures to reevaluate the risk of material misstatement at the conclusion of the audit.
Identify the categories for the evaluation and summarization of the misstatements discovered in fieldwork.
Determine the auditor's obligations in relation to drafting the financial statements and preparing the auditor's report.
Identify the communication requirements for an auditor and the required elements of the communication with management and those charged with governance.
Lesson 1—Considerations and Procedures when Concluding an Audit
Lesson 2—Preparing and Drafting an Auditor’s Report and the Required Communication with the Client