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Auditor Communications - What the Audit Committee Needs to Know (Course Id 2892)

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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
Auditor Communications - What the Audit Committee Needs to Know - CPE course for CPAs

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.

  • Covers communication objectives starting from the auditors initial appointment or retention through the terms of the audit engagement.
  • Explains how the overall audit strategy and key risks are communicated to the audit committee.
  • Distinguishes among significant and critical accounting policies and alternative treatments that must be communicated.
  • Addresses disagreements with management, difficult or contentious matters, and control deficiencies that require documentation.
  • Worth 2.0 CPE credits in Auditing as a self study course on auditor communications with the audit committee, requiring a 10 question final exam preceded by 6 review questions (optional) and a 70% passing score.

Frequently Asked Questions:

The Auditor Communications What the Audit Committee Needs to Know course spans 34 pages and 2.0 CPE credits, providing more depth on required communications than shorter one credit overviews.

This course covers communicating significant accounting policies, estimates, and alternative accounting treatments to the audit committee.

This course explains how to communicate difficulties in the audit, going concern issues, and control deficiencies to the audit committee.

As a Technical, self study text course in Auditing, this course is worth 2.0 CPE credits. Completing it requires a 70% score on a 10 question final exam after 6 review questions (optional), within one year. CPEthink is approved by NASBA as a CPE sponsor and lists this course on the NASBA site as a courtesy for CPAs to search https://nasba.org.

Yes, Auditor Communications What the Audit Committee Needs to Know provides two hours of CPE credit in fraud prevention, detection, or reporting, which counts toward the four hour fraud CPE requirement imposed by the California Board of Accountancy (http://www.dca.ca.gov/cba) on CPAs subject to the accounting and auditing, governmental auditing, or preparation engagement CE requirement.

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:

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:

  • Recognize the auditor’s responsibilities and key communications to the audit committee
  • Identify matters the audit committee should receive to support financial reporting oversight
  • Recognize when changes to the audit plan are needed and their impact on the engagement
  • Determine how the work of internal auditors, other personnel, or specialists is used in the audit
  • Distinguish among significant and critical accounting policies as well as alternative treatments
  • Recognize disagreements with management and audit difficulties that require communication

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

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