|Author :||Colten Christensen, Author|
|CPE Credits :||4.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Course Type:||NASBA QAS - Text - Technical - NASBA Registry|
|Primary Subject-Field Of Study:||
Auditing - Auditing for Course Id 1881
Auditing and assurance services are important services provided by CPAs. Auditing and Other Assurance Services is a course that will describe auditing and assurance services. This course will identify the different types of audits and the different types of assurance services. This course will define the importance of ethics in the CPA and auditing professions. This course will describe the different organizations that create and enforce ethical guidelines. Finally, this course will describe the importance of independence for auditors.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||QAS Self Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||08-Sep-2021|
|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 - Text - Technical - NASBA Registry - 1881
|Keywords :||Auditing, Assurance, Services, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesAt the end of this course, students will be able to:
|Course Contents :||
Chapter 1 - Auditing and Other Assurance Services
Course Learning Objectives
Definition of Auditing
The Differences Between Auditing and Accounting
Auditing Services are Needed
What are Financial Restatements?
Additional Reasons to Conduct an Audit
Providers Have Biases and Motives
Growing Amounts of Information and Data
Exchange Transactions Have Become Complex
Financial Statements that are Audited
Definition of Assurance Services
Audit of Historical Financial Statements
Audit of Internal Control over Financial Reporting
Review of Historical Financial Statements
Attestation Services on Information Technology
Other Attestation Services
Financial Statement Audit
What is the Yellow Book?
When and Where to Apply Yellow Book
Ethical Behavior for CPAs and Auditors
American Institute of Certified Public Accountants (AICPA)
Securities and Exchange Commission (SEC)
Independence Standards Board
Public Company Accounting Oversight Board
U.S. Generally Accepted Auditing Standards
What are GAAS Standards?
Standards for field work
What Causes Unethical Behavior?
Differing Ethical Standards
Help with Ethical Dilemmas
The consequentialist framework
The duty framework
The virtue framework
Government Accountability Office (GAO)
When and Where to Apply Yellow Book
GAO Ethics, Independence, and Professional Judgment
The Public Interest
Proper Use of Government Information, Resources, and Positions
Overview of Sarbanes Oxley Act
Officers and Directors:
Increased Criminal Penalties and Fines:
Principles of Professional Conduct
Integrity and Objectivity
Confidential Client Information
Contingent Fees, Commissions, and Referral Fees
Section 102 - Integrity and Objectivity
Section 201 - General Standards
Interpretations under Rule 201 —General Standard.
Section 203 - Accounting Principles
Interpretations under Rule 203
203-1—Departures from established accounting principles.
203-2—Status of FASB, GASB and FASAB interpretations.
203-4—Responsibility of employees for the preparation of financial statements in conformity with GAAP.
Section 301 - Confidential Client Information
.01 Rule 301—Confidential client information.
Interpretations Under Rule 301
.04 301-3—Confidential information and the purchase, sale, or merger of a practice.
Section 302 - Contingent Fees
.01 Rule 302—Contingent fees.
Interpretation under Rule 302
.02 302-1—Contingent fees in tax matters.
Section 501 - Acts Discreditable
.01 Rule 501—Acts discreditable.
.02 501-1—Response to requests by clients and former clients for records.
.03 501-2—Discrimination and harassment in employment practices.
.04 501-3—Failure to follow standards and/or procedures or other requirements in governmental audits.
.05 501-4—Negligence in the preparation of financial statements or records.
.06 501-5—Failure to follow requirements of governmental bodies, commissions, or other regulatory agencies.
.07 501-6—Solicitation or disclosure of CPA examination questions and answers.
.08 501-7—Failure to file tax return or pay tax liability.
.09 501-8—Failure to Follow Requirements of Governmental Bodies, Commissions, or Other Regulatory Agencies on Indemnification and Limitation of Liability Provisions in Connection With Audit and Other Attest Services.
Section 100-1 Conceptual Framework for AICPA Independence Standards
GAO Yellowbook Independence
Independence Compared to the AICPA Code of Professional Conduct
Prohibited bookkeeping services
Independence Guidance for Government Audit Organizations