The standard audit report will soon receive an overhaul. This course investigates major changes to the contents and format of audit reports for private entities while exploring the influence of changes to audit reports for public companies.
Learning Objectives
Understand major changes to the standard audit report
Appreciate the way that public company audit reports have impacted reports for private entities
Be able to distinguish required and optional provisions
Major Topics
Examples of current public company audit reports
Implications of SAS No. 134
Exploration of illustrative audit report examples
Potential communication of Key Audit Matters (KAMs)
CPE Credits Available
1
Total CPE
1
Accounting & Auditing
Things to Know About This Course
Course Level
Intermediate
Prerequisites
Basic working knowledge of auditing standards
Advanced Preparation
None
Intended Audience
CPAs in public practice who perform audits of private entities and accounting professionals in industry whose financial statements are subject to external audit procedures
