- NY Credits : 9.0
- TX Credits : 9.0
This interactive self-study course discusses various issues related to pre-engagement activities and audit planning for HUD audit engagements. Lesson 1 discusses other auditor responsibilities and requirements, client acceptance and continuance (including documentation), establishing the terms of the engagement, and audit planning. Lesson 2 examines obtaining an understanding of the entity and its environment and internal control. Lesson 3 discusses audit planning decisions and judgments, audit sampling, detailed audit plans and workpapers, initial engagements, and group financial statement audits.
Course Expiration Date: October 31, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Identify an auditor's acceptance and continuance responsibilities, including documentation, for a HUD audit.
Determine what is necessary to establish the terms of a HUD audit engagement and to plan for a HUD audit.
Recognize how to develop an understanding of the entity and its environment when performing a HUD audit.
Determine the best way to obtain an understanding of internal control for a HUD audit.
Identify the audit planning decisions and judgments necessary in a HUD audit.
Recognize the actions a HUD auditor needs to take in relation to audit sampling, detailed audit plans and workpapers, and initial engagements.
Identify appropriate considerations when a HUD audit involves group financial statements.
Lesson 1—Other Auditor Responsibilities and Requirements, Acceptance and Continuance, Terms of the Engagement, and Audit Planning
Lesson 2—Understanding the Entity, Its Environment, and Internal Control
Lesson 3—Audit Planning Decisions and Judgments, Sampling, Detailed Audit Plans and Workpapers, Initial Engagements, and Group Financial Statement Audits