- NY Credits : 2.0
- TX Credits : 2.0
GAAS Guide - Planning
Upon successful completion of GAAS Guide - Planning, the user should be able to:
identify the concepts of materiality and what consideration of materiality involves for the auditor,
determine which risk involves a misstatement that could occur in a relevant assertion, be material, either individually or when aggregated with other misstatements, and will not be prevented or detected on a timely basis by the entity's internal control,
recognize what should be included in the terms of understanding between the auditor and the management, and
identify what the auditor needs to determine in terms of recurring engagements.