What the Audit Committee Must See (Course Id 2901)

• Who is this course for?
  This course is designed for anyone needing Continuing Professional Education (CPE), particularly CPAs, accountants, audit committee members, and professionals involved in financial reporting oversight.
• What is this course about or what problem does this course solve?
  This course explains the key information auditors are required to communicate to the audit committee throughout an audit engagement, helping participants understand audit responsibilities, changes to audit plans, significant accounting matters, audit findings, and communications that support effective oversight of financial reporting.
• Where can the knowledge from this course be used?
  The knowledge gained from this course can be applied during financial statement audits, audit committee meetings, corporate governance activities, and when evaluating auditor communications related to financial reporting and audit oversight.
• Why is this course important to a CPA or Accountant?
  This course helps CPAs and accountants better understand the communications between auditors and audit committees, enabling them to support stronger financial reporting oversight, recognize significant audit issues, and improve governance and compliance throughout the audit process.
• When is this course relevant or timely?
  This course is relevant whenever an organization undergoes a financial statement audit, when serving or working with an audit committee, or when preparing for or participating in audit planning, execution, and reporting activities.
• How is a course like this consumed or used?
  This self-study text course is completed at the participant's own pace by reading the course material, reviewing the content, and successfully passing the final exam with a minimum score of 70% to earn 1.0 CPE credit.

This course guides audit committees on the key information auditors need to communicate during an engagement. It covers the auditor’s responsibilities, how audit plans may shift with new information, and the role of internal auditors, company personnel, or specialists. You will also learn how auditors report on significant accounting policies, estimates, unusual transactions, alternative treatments, and any disagreements or challenges during the audit. By the end, you will have a clearer view of what the committee should receive and how timely, thorough communication supports strong oversight of financial reporting.

Course Learning Objectives

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