- NY Credits : 3.0
- TX Credits : 3.0
PCAOB Auditing Standards: Supervision, Evidence, Supplemental Information, and Evaluation of Results
This course explains the supervision requirements when performing an audit pursuant to the PCAOB Auditing Standards. The PCAOB established requirements for designing and performing audit procedures to obtain sufficient, appropriate audit evidence. The course will look at what constitutes sufficient and appropriate audit evidence for audits of financial statements and audits of internal control over financial reporting. In addition, the course will discuss the types of information that supplement audited financial statements and summarize the auditor's responsibilities according to PCAOB Auditing Standards when they are engaged to perform audit procedures and report on supplemental information that accompanies audited financial statements.
Upon successful completion of PCAOB Auditing Standards: Supervision, Evidence, Supplemental Information, and Evaluation of Results, the user should be able to:
describe the requirements regarding supervision of an audit engagement, including the work of engagement team members;
discuss how an auditor determines whether sufficient audit evidence has been obtained;
identify the relative reliability of audit evidence;
list the types of information that supplement audited financial statements; and
describe the required audit procedures regarding supplemental information that accompanies financial statements.