This course will provide an update of Government Auditing Standards as a result of the GAO's issuance of the 2024 Revision to Government Auditing Standards. The course will focus on the Revisions impact on financial statement audits. The course will also focus on the impact of Quality Management Standards as well as clarify as to when the concept of reporting key audit matters might apply for financial audits. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Evaluate lesser-known but powerful Excel functions
- Categorize your level of intellectual curiosity as you unearth ways to utilize Excel in manners you may not have previously considered
- Assess your mindset of professional skepticism that helps you explore the edges of Excel's capabilities
Major Topics
The major topics that will be covered in this course include:
- Specific matters auditors should consider when obtaining and documenting an understanding of the client's internal control system
- Development of a tailored audit approach that considers the potential reliance on internal controls
- Guidance for establishing an adequate basis for reliance on internal controls of less formal, smaller clients
