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Course Details

Audit Evidence - Yellow Book Series (Course Id 1235)

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Author : Leita Hart-Fanta, CPA
Status : Production
CPE Credits : 4.0
IRS Credits : 0
Price : $50.00
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Auditing (Governmental) - Auditing (Governmental) for Course Id 1235

Description :

Auditors need to know a lot about evidence. This course is designed to give auditors an in-depth understanding of how assertions of auditees, audit objectives, audit risks, internal controls and the attributes of different forms of evidence impact the decisions that auditors make regarding how to secure and evaluate audit evidence. This course begins by outlining a general theory of evidence and how evidence is used by various disciplines so that auditors can put audit evidence in perspective. Professor Jim Crockett also explains the auditing standards concerning the evidence that auditors commonly acquire and evaluate.

Usage Rank : 0
Release : 2017
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 06-Jul-2017
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 1235

Keywords : Auditing (Governmental), Audit, Evidence, Yellow, Book, Series, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Explain the theory of evidence and compare the requirements of audit evidence to the evidence requirements associated with other professions.
  • Show how audit standards establish requirements for securing and evaluating audit evidence.
  • Illustrate the linkage between audit evidence, audit risk, and internal controls.
  • Identify and describe the types and weights of evidence available to auditors and the audit procedures or tests that may be employed to secure and evaluate audit evidence.
  • Summarize how the audit risk model combines evidence concepts and how the model may be applied in practice to achieve the desired level of audit risk.
  • Develop the concept of sufficient, appropriate evidence and explain how this concept is related to assertions by management and audit objectives.
  • Identify and analyze the evidence-related requirements associated with potential fraud.
  • Describe the audit standards' basic requirements for documenting audit evidence.
  • Distinguish review evidence from audit evidence and show how the two are related.

Chapter 1
Evidence, Definitions, Theory, and Audit Standards

  • Define evidence per audit standards
  • Compare the requirements of audit evidence to the evidence requirements associated with other professions and several audit standard-setting bodies

    Chapter 2
    Evidence, Audit Risk, and Internal Controls

  • Identify sufficient and appropriate evidence

    Chapter 3
    Evidence Types and Audit Tests (Procedures)

  • Identify options for gathering audit evidence

    Chapter 4
    Evidence Model

  • Identify the components and relationship of the components of the audit risk model

    Chapter 5
    Evidence - Sufficient and Appropriate

  • Determine whether evidence is sufficient and appropriate
  • Identify the relationship of an audit objective to audit procedures

    Chapter 6
    Evidence - Fraud, Documentation, and Review Evidence

  • Identify standards for documenting audit evidence
  • Identify evidence-related requirements associated with potential fraud
  • Distinguish review evidence from audit evidence
  • Course Contents :

    Chapter 1 Evidence, Definitions, Theory, and Audit Standards

    Definitions

    Audit Evidence and Evidence Used by Other Disciplines

    Wisdom from The Philosophy of Auditing

    International Standards on Auditing

    AICPA Attest Standards

    The Public Company Accounting Oversight Board (PCAOB) Requirements

    International Standards for the Professional Practice of Internal Auditing

    Generally Accepted Government Audit Standards

    Study Questions for Chapter 1

    Chapter 2 Evidence, Audit Risk, and Internal Controls

    Audit Risk

    Audit Planning

    Internal Control and Evidence

    Reporting on Internal Control

    Control Deficiencies

    Study Questions for Chapter 2

    Chapter 3 Evidence Types and Audit Tests (Procedures)

    Physical Evidence

    Arithmetical Evidence

    Analytical Evidence

    Testimony Evidence

    Documentary Evidence

    Confusion About Audit Evidence and Audit Procedures

    More on Audit Procedures and Techniques

    Study Questions for Chapter 3

    Chapter 4 Evidence Model

    Audit Programs

    Linkages Audit Objectives, Audit Risk, Audit Procedures

    The Audit Risk Model

    GAGAS and Audit Risk

    Possible Risk Combinations

    Unacceptable Combinations of Risk

    Combinations That Could or Would Yield Acceptable Risk

    Study Questions for Chapter 4

    Chapter 5 Evidence Sufficient and Appropriate

    Assertions and Auditing

    Audit Objectives and Assertions

    Making the All-Important Decision on Sufficiency and Appropriateness

    Securing Sufficient Appropriate Audit Evidence by Performing Audit Tests

    Sampling

    Study Questions for Chapter 5

    Chapter 6 Evidence Fraud, Documentation, and Review Evidence

    GAGAS Requirements Concerning Fraud

    Fraud Red Flags

    The Fraud Triangle

    Why Are Red Flags Important?

    What Types of Red Flags Are Common Today?

    General Red Flags

    Red Flags and Employees

    Management Red Flags

    Behavioral Red Flags

    Red Flags and Payroll

    Red Flags and Purchasing and Inventory

    Lifestyles of Fraudsters

    Documentation and Audit Evidence from the GAGAS

    Review Evidence

    Study Questions for Chapter 6

    Glossary

    Auditing (Governmental) Course 1235 Home: https://www.cpethink.com/yellow-book-auditing
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