Learning Objectives: (See Course Website) Describe final audit procedures for presentation and REQUIRED READING: disclosure. Chapter 19 - Completing the Audit Describe how the auditor searches for contingent Chapter 22 - Audit Reporting liabilities, commitments, and contingent assets State the purpose of obtaining external confirmation CPA Handbook from the firms and assess law firm client’s law CAS 240 Session 12 cont’d responses CAS 250 Distinguish between subsequent events requiring CAS 260 adjustment and those requiring disclosure CAS 450 Provide examples of work completed as part of the CAS 501 evidence-gathering process CAS 520 Provide the purpose of and examples of auditor CAS 550 communications with the audit committee and CAS 560 management CAS 570 Review the requirements for a standard unqualified CAS 580 audit report and describe the variations that can CAS 620 occur in unqualified reports CAS 700 Apply professional judgment to determine when it is CAS 705 necessary to issue a qualified opinion, an adverse CAS 706 opinion, or a disclaimer of opinion Final Examination Session 13 TBA During regularly scheduled final examination period, August 21- to August 28, 2015
Session 12 cont’d Learning Objectives: Describe final audit procedures for presentation and disclosure. Describe how the auditor searches for contingent liabilities, commitments, and contingent assets State the purpose of obtaining external confirmation from the client’s law firms and assess law firm responses Distinguish between subsequent events requiring adjustment and those requiring disclosure Provide examples of work completed as part of the evidence-gathering process Provide the purpose of and examples of auditor communications with the audit committee and management Review the requirements for a standard unqualified audit report and describe the variations that can occur in unqualified reports Apply professional judgment to determine when it is necessary to issue a qualified opinion, an adverse opinion, or a disclaimer of opinion (See Course Website) REQUIRED READING: Chapter 19 - Completing the Audit Chapter 22 - Audit Reporting CPA Handbook CAS 240 CAS 250 CAS 260 CAS 450 CAS 501 CAS 520 CAS 550 CAS 560 CAS 570 CAS 580 CAS 620 CAS 700 CAS 705 CAS 706 Session 13 Final Examination TBA During regularly scheduled final examination period, August 21- to August 28, 2015
4551%20Summer%202015%20Course%20Outline%20rev1.docx