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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 25 ||| Word Count: 12,959 ||| 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 explains auditor responsibilities after an audit report has been issued, including how to identify engagement deficiencies and respond to newly discovered facts.
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Frequently Asked Questions: |
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Description: |
This course covers auditor responsibilities for engagement deficiencies and the subsequent discovery of facts after the audit report date. It explains how to identify and evaluate deficiencies on in-process, completed, and other firms’ engagements, and how quality control and regulatory oversight play a role. The course also addresses updating audit documentation, performing additional procedures, and working with clients and regulators to ensure accurate disclosures and prevent reliance on outdated reports. It includes practical examples that illustrate common scenarios and shows how to determine when revisions to financial statements or the auditor’s report may be necessary. |
Usage Rank: |
15000 |
Release: |
2026 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Auditing Developments Latest Audit Engagement Standards
Internal: CPA Auditing Courses Online
External: Internal audit
External: Audit Department: Definition, Functions, and Importance
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
23-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: |
The Audit Is Finished, Or Is It - Post-Issuance Responsibilities - 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 - The Audit Is Finished, Or Is It - Post-Issuance Responsibilities Course Learning Objectives Course Overview Introduction Why Post-Audit Matters Exist Overview of 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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