myCPE

FASB – Assurance – Quality Control for an Engagement Conducted in Accordance With GAAS 2 Credits

Nov 29, 2023, 03:00 PM ET

FASB – Assurance – Quality Control for an Engagement Conducted in Accordance With GAAS 2 Credits

  • Rating

    4.6

  • Reviewed on

    February, 2025

  • Subject Area

    Auditing

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Nov 29, 2023, 03:00 PM ET

Learning Objective

  • To discuss the essential terms and definitions.
  • To analyze the system of quality control and the role of the engagement teams.
  • To explain what leadership responsibilities are required to maintain quality on audits.
  • To inspect engagement performance.
  • To analyze how to prepare and keep required documentation.

Course Overview

Are you aware of the critical responsibilities auditors hold when it comes to quality control procedures for financial statement audits? Discover the answers and more in our comprehensive CPE webinar that addresses the specific duties of auditors in this vital area.

In this CPE Auditing Course, we explore the specific responsibilities of auditors regarding quality control procedures, ensuring that your financial statement audits are conducted with the highest standards. Furthermore, our expert presenter will guide you through the complexities of engagement quality control reviews, which apply not only to financial statement audits but also to other engagements conducted in accordance with generally accepted auditing standards (GAAS).

While Statements on Quality Control Standards might not be directly applicable to government audit organizations, we have tailored this course to be inclusive of auditors in these organizations who perform financial audits under GAAS.

Major Topics Covered:

  • System of Quality Control and the Role of the Engagement Teams.
  • The objective of the auditor.
  • Specific essential definitions and terms.
  • Leadership responsibilities for quality on audits.
  • Relevant ethical requirements.
  • Acceptance and continuance of client relationships and audit engagements.
  • Engagement performance.
  • Documentation.

Our step-by-step procedure breaks down the intricate world of quality control into an easy-to-understand format, making it accessible for auditors looking to enhance their skills. By the end of this CPE webinar, you'll have a firm grasp of your responsibilities as an auditor, ensuring that your financial statement audits maintain the highest standards of quality control. Don't miss out on this opportunity to advance your career and become a quality control expert in auditing.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 2 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 2 CPE Eligible
Auditing for Certified Management Accountants (CMA) 2 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Auditing for Certified Fraud Examiner (CFE) 2 CPE Eligible
Auditing for Certified Government Financial Manager (CGFM) 2 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 2 CPE Eligible
Auditing for Certification in Risk Management Assurance (CRMA) 2 CPE Eligible
Auditing for Certified Internal Controls Auditor (CICA) 2 CPE Eligible
Auditing for Certified Financial Forensics (CFF) 2 CPD Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 2 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 2 CPE Eligible
License details Credits Status
Auditing for Certified Public Accountants (CPA-US) 2 CPE Approved
Internal Auditing for Certified Internal Auditors (CIA) 2 CPE Eligible
Auditing for Certified Management Accountants (CMA) 2 CPE Eligible
Auditing for Delaware Licensed Public Accountant (DE-LPA) 2 CPE Eligible
Auditing for Certified Fraud Examiner (CFE) 2 CPE Eligible
Auditing for Certified Government Financial Manager (CGFM) 2 CPE Eligible
Auditing for Internal Audit Practitioner (IAP) 2 CPE Eligible
Auditing for Certified Internal Controls Auditor (CICA) 2 CPE Eligible
Auditing for Certified Financial Forensics (CFF) 2 CPD Eligible
Auditing for Qualification in Internal Audit Leadership (QIAL) 2 CPE Eligible
Auditing for Iowa Licensed Public Accountant (IA-LPA) 2 CPE Eligible
Auditing for Maine Licensed Public Accountant (ME-LPA) 2 CPE Eligible
Auditing for Certified Government Auditing Professional (CGAP) 2 CPE Eligible
Auditing for Certified Controls Specialist (CCS) 2 CPE Eligible

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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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.

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About Instructor

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

Michel Morley

Founder, Mike Morley

  • 4.2
  • rating
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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

out of 5

Excellent

Very Good

Average

Poor

Terrible

MA

Matthew Aguilar, CPA (US)

5

This was a very good lecture covering an important topic that is not always properly discussed.

KS

Kerry Speth, CPA (US)

5

Great

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