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Handling Post-Issuance Audit Matters (Course Id 2894)

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Author:

Kelen Camehl, CPA, MBA

Course Length:

Pages: 19 ||| Word Count: 6571 ||| Review Questions: 3 ||| Final Exam Questions: 5

CPE Credits:

1.0

IRS Credits:

0

Price:

$12.95

Passing Score:

70%

Course Type:

Text
Handling Post-Issuance Audit Matters - CPE course for CPAs

Technical Designation:

Technical

Field Of Study:

Auditing

Approved Audience:

NASBA QAS - NASBA Registry

Key Takeaways:

This condensed course reviews auditor responsibilities when issues are discovered after an audit report has been issued.

  • Covers how to identify engagement deficiencies and situations requiring subsequent discovery of facts after the audit report date.
  • Explains procedures for updating documentation and addressing gaps in evidence once a deficiency is identified.
  • Addresses when client or regulator involvement is needed and what revisions to reports may be necessary.
  • Worth 1.0 CPE credit in Auditing as a self study course on handling post issuance audit matters, requiring a 5 question final exam preceded by 3 review questions (optional) and a 70% passing score.

Frequently Asked Questions:

The Handling Post Issuance Audit Matters course provides a concise, one credit hour review of auditor responsibilities when issues are discovered after an audit report is issued.

This course covers updating audit documentation and performing additional procedures when new facts or deficiencies are identified.

This course is designed for CPAs and auditors who want a brief overview of post issuance responsibilities rather than an in depth treatment of the topic.

Earning CPE credit for this course requires a 70% score on a 5 question final exam after 3 review questions (optional). It is a Technical, self study text course worth 1.0 CPE credit in Auditing. 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, Handling Post Issuance Audit Matters provides one hour 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 reviews auditor responsibilities when issues are discovered after the audit report is issued. It covers how to spot and assess deficiencies on current, completed, or other firms’ engagements, the role of quality control and regulators, and steps for updating documentation or performing additional procedures. The course also explains working with clients and regulators to ensure accurate disclosures and avoid reliance on outdated reports.

Usage Rank:

40000

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:

22-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:

Handling Post-Issuance Audit Matters - CPE course for CPAs

Learning Objectives:

Course Learning Objectives

Upon completion of this course, you will be able to:

  • Identify engagement deficiencies and situations requiring subsequent discovery of facts
  • Determine procedures to update documentation and address gaps in evidence
  • Select actions for client or regulator involvement and necessary revisions to reports

Course Contents:

Chapter 1 - Handling Post-Issuance Audit Matters

Course Learning Objectives

Course Overview

Introduction

Importance of Post-Audit Matters

Applicable PCAOB Standards

Assessing if an Engagement Deficiency Exists

Responding to an Engagement Deficiency

Review Questions

Inability to Support Opinion

Discovery of Other Facts

Quality Control Requirements

Conclusion

Review Questions

Glossary of Key Terms

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