- NY Credits : 1.0
- TX Credits : 1.0
GAAS Guide - Audit Programs
Audit programs give the auditor a list of procedures to procure evidence to support her/his opinion. Evidence to support the auditor's conclusions is gathered via testing of the client's systems. This course will attempt to explain the use of an audit program, the relevance and importance of Statements on Auditing Standards (SASs) related to audit programs and procedures, discuss the purpose of substantive testing and when to use it, and explain other strategic matters such as when to trace versus when to vouch.
Upon successful completion of GAAS Guide - Audit Programs, the user should be able to:
identify the overall audit responses to address risks at the financial statement level,
determine the purpose of the different types of further audit procedures,
recognize the relationship between the risk of material misstatement and the timing of substantive procedures,
identify what substantive testing involves, and
identify the relevant assertions related to cash.