Audit Documentation Requirements Webcast [ADR2]
Time: 10:30am-12:15pm
Subject:
AuditingCredit Hours:
2.00Price:
Member: $120.00
Non-member: $150.00
Discussion Leader:
Robert P. Bedwell, CPA
more info
Bob is an accounting and finance professional with over 39 years of audit and accounting experience. Bob’s experience includes a full range of corporate accounting and assurance services, including financial statement preparation, auditing, SEC reporting, mergers and acquisitions, divestitures, due diligence, financing regulatory compliance, accounting system oversight, internal controls, IFRS conversions, Sarbanes-Oxley compliance advisory, and the independent review of external data. He is currently director of administrative services at Progressive Care Inc. in Hallandale Beach, Florida. Bob has been a discussion leader on numerous topics for Surgent Professional Education, the Florida Institute of Certified Public Accountants, and the American Institute of Certified Public Accountants, as well as for the firms for which he has worked, and has received high evaluations for his knowledge of topics and presentation skills. Subject areas for which Bob has served as a discussion leader (and, in some cases, author) include: professional ethics; fraud risk; and a variety of accounting and auditing overviews and standards updates. Bob received his Bachelor of Science in accounting and finance from Upsala College in East Orange, New Jersey, and has also earned a master’s degree in accounting from Florida Atlantic University. Licensed as a Certified Public Accountant in Florida, Bob is a member of the Florida Institute of Certified Public Accountants (FICPA) and the American Institute of Certified Public Accountants. He has previously served as chairman of the FICPA Accounting Principles and Auditing Standards Committee.
closeWebsite registration for this course closes on October 17, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Audit Documentation Requirements Webcast (ADR2)October 18th, 2024 / 10:30 am 12:15 pm
Live Webcast / Zoom
Audit documentation provides evidence that the audit was planned and performed in accordance with generally accepted auditing standards (GAAS) as well as applicable legal and regulatory requirements. It also serves other purposes such as assisting the engagement team to plan and perform the audit and assisting members of the engagement team responsible for supervision to direct and supervise the audit work and to discharge their review responsibilities. Audit documentation enables the engagement team to demonstrate that it is accountable for its work by documenting the procedures performed, the audit evidence examined, and the conclusions reached. As noted in the auditors opinion, The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Audit documentation also supports the judgments of the auditor should a lawsuit arise where the auditor is called on to support that professional standards were followed.
Major Topics:
- Proper documentation as a means of audit quality
- Factors impacting the nature and extent of documentation
- Illustrative workpapers and exercises
- Use of practice aids and other mechanisms as means of audit documentation
- Checklist for self-review of workpapers
Learning Objectives:
- Discuss the minimum documentation requirements found in professional standards
- Discuss tips and techniques for self-review
- Describe common workpaper deficiencies
- Explain how to prepare workpapers in proper form
Designed For: Auditors who perform audits under AICPA auditing standards
CPE Credits: 2, Auditing
Level of Knowledge: Basic
Prerequisite: None
Acronym: ADR2
Discussion Leader: Robert P. Bedwell, CPA
