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FASB: Assurance Audit Evidence - Specific Considerations for Selected Items 1 Credit

Feb 08, 2024, 03:00 PM ET

FASB: Assurance Audit Evidence - Specific Considerations for Selected Items 1 Credit

  • Rating

    4.6
  • Published on

    February, 2024
  • Subject Area

    Auditing

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Feb 08, 2024, 03:00 PM ET

Learning Objective

  • To review the latest information about obtaining specific considerations by the auditor in obtaining sufficient appropriate audit evidence.
  • To explain the overall guidance for obtaining specific considerations by the auditor in obtaining sufficient appropriate audit evidence.
  • To know how to apply presentation rules and exceptions.
  • To review the recognition, measurement, and presentation constraints.
  • To look at disclosure and presentation requirements.
  • To know how to write the appropriate Notes.
  • To discuss the required note disclosures.

Course Overview

Embark on a journey of precision and expertise with our course, "Audit Evidence — Special Considerations for Selected Items," designed to guide auditors through the intricacies of obtaining crucial evidence.

This course sets a standard method for auditors to collect the right evidence. It thoroughly covers the specific details to ensure that the evidence gathered is enough and fitting, with a special focus on selected items. The course guides auditors through the complexities of dealing with (a) investments in securities and derivatives; (b) inventory; (c) legal matters, claims, and evaluations related to the business; (d) segment information in financial statement audits; and (e) the involvement of management’s specialists.

During the CPE Auditing course,  participants will delve into the nuanced considerations required to gather accurate and relevant audit evidence. The course emphasizes providing auditors with a clear and straightforward step-by-step process. This ensures that auditors can navigate the intricacies of each identified aspect, promoting a robust and comprehensive audit process.

Major Topics Covered:

  • Basic concepts, scope, and applicability of obtaining specific considerations by the auditor in obtaining sufficient appropriate audit evidence.
  • Planning the approach: obtaining specific considerations by the auditor in obtaining sufficient appropriate audit evidence.
  • Sizing up the impacts of obtaining specific considerations by the auditor in obtaining sufficient appropriate audit evidence. questions you need to ask.
  • Specific rules and unique provisions for obtaining specific considerations by the auditor in obtaining sufficient appropriate audit evidence.
  • Disclosure and presentation requirements.
  • Notes to financial statements.

Join this course and stay ahead in your auditing career by mastering the intricacies of evidence gathering for selected items.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

About Instructor

Elevate Your Career with Michel Morley's CPE Courses at myCPE
Michel Morley

Founder, Mike Morley

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Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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TB

Trecie Beeland, CPA (US)

Very information session and enjoyed the speaker Mr. Morley.

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Jay Weiner, CPA (US)

Fantastic presentation

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    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

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    Certifications & Reporting

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    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

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    Mobile App Access

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    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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