Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 34 ||| Word Count: 13,201 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$17.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Auditing |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course provides guidance on the communication objectives auditors must meet with audit committees from initial appointment through reporting audit results.
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Frequently Asked Questions: |
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Description: |
This course provides a practical overview of what auditors must generally communicate to the audit committee throughout an audit engagement. It covers the auditor’s responsibilities, how the audit plan may change as new information emerges, and the use of internal auditors, other company personnel, or specialists in performing audit procedures. The course also addresses the evaluation and communication of significant accounting policies, estimates, unusual transactions, alternative accounting treatments, along with disagreements with management and other difficulties encountered during the audit. By the end of the course, you will come away with a better understanding of the types of information the audit committee should receive and why clear, timely communication supports effective oversight of the financial reporting process. |
Usage Rank: |
10000 |
Release: |
2026 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Auditing Performing Audit Engagements and Assurance Services
Internal: Auditing Verifying Internal Controls
External: Understanding the Audit Risk Model: Key Insights and Assessments
External: Audit: Meaning in Finance and Accounting and 3 Main Types
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
20-Jun-2026 |
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. |
Keywords: |
Auditor Communications - What the Audit Committee Needs to Know - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, you will be able to:
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Course Contents: |
Chapter 1 - Auditor Communications - What the Audit Committee Needs to Know Course Learning Objectives Course Overview Introduction Guidance Communication Objectives Initial Appointment or Retention Terms of the Audit Communication of Overall Audit Strategy and Key Risks Audit Strategy Communicating Audit Results Review Questions Quality of a Company's Financial Reporting Disagreements with Management Difficult or Contentious Matters Difficulties in the Audit Going Concern Corrected & Uncorrected Misstatements Control Deficiencies Documenting Communications Conclusion Review Questions Glossary of Key Terms |