AICPA Standards require that auditors obtain reasonable assurance about material misstatements as a result of noncompliance with laws and regulations that have a direct and material effect on the financial statements. This course addresses the GAAS requirements for the typical governmental laws and regulations and focuses on meeting the documentation requirements.
•Consideration of laws and regulations – the basics
•Identifying laws and regulations
•Direct and material laws and regulations
•Indirect effect laws and regulations
Learning objectives: To enable participants to understand and apply the requirements of Generally Accepted Auditing Standards, including providing adequate documentation of the tests performed.
Experience/Prerequisites: Minimum to advanced level of auditing experience.
Who should attend: Partners and managers responsible for planning and supervision of engagements, and audit staff members who are responsible for performing compliance tests and related audit documentation.
Recommended CPE credit: 8 hours