How to Complete a GAAS Audit – An In-Depth Review of the Seven Facets
EVENT DATE:
Apr 20,2023
PRESENTER(s): Laura Thessin, CPA, MBA
1:00 PM ET | 12:00 PM CT | 10:00 AM PT |
120 Minutes
This program has been approved NASBA & IRS CPE Credit 2(Taxes)
Download Attendee Material
Conference Material (Password Required)The intention of this course is to provide you with a refresher of the audit process from start to finish, providing an in-depth review of an audit’s seven (7) facets and any relevant updates to the standards. By the end of the course, you should have a general understanding of how a GAAS audit is conducted, what main components are required, the importance of risk assessment, and how to apply these policies and procedures in the real world – all without having to read the almost 1,000 pages of the Generally Accepted Auditing Standards.
Major topics covered in :
- Today’s GAAS audit can be organized into seven (7) different facets:
- Principles and Responsibilities
- Risk Assessment and Response
- Audit Evidence – How to Gather and Interpret Relevant Data
- Using the Work of Others (ie: internal auditors, specialists)
- Conclusions and Reporting
- Special Considerations
- Special Considerations in the United States
- Relevant requirements, considerations, determinations, and key terminology utilized throughout each of the seven (7) facets
- The Role of Fraud in an Audit
- Auditor Responsibilities vs. Management Responsibilities
- Audit Theory vs. Real World Application
- Recent Changes/Updates in the Statements on Auditing Standards
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Accounting
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- NASBA Sponsor: 146439
- IRS Course ID: PJGWS
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Will Benefit:
- CPA
- Enrolled Agents (EAs)
- Tax Professionals
- Attorneys
- Other Tax Preparers
- Finance professionals
- Financial planners
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Speaker Profile:
Laura Thessin, CPA, MBA, Established finance and accounting professional with over 12 years of progressive experience. I transitioned from my role as a Commercial Loan Officer with an established community bank to an executive with The Engineering Groupe, Inc. I manage the day-to-day financial operations of the organization and coordinate all financial strategic planning. In addition, I also teach a senior level auditing course at the University of Mary Washington. I also create content and speak for continuing education providers.
