• The latest developments affecting audit engagements are addressed in this course. Part of planning an audit involves consideration of the business and economic environment in which the client operates. Thus, auditors need to be aware of the various types of fraud that clients and employees may be committing, especially in light of myriad lawsuits against auditors and accountants. In addition to applying techniques to limit their liability to their clients and third parties, auditors are confronting other major problems facing the accounting field, including compliance with the Sarbanes-Oxley Act. The peer review comments and new auditing statements provide further guidance on current issues. To deal with the volatility in the business climate, auditors should focus their efforts in key areas and should take lessons from litigation. Additionally, in this course, auditors will learn how to perform more efficient engagements, assess going concern, advise clients on insurance, audit lease agreements, and lastly, a section on the issuance of SAS Nos. 122-125 as part of the ASB’s Clarity Project, and much more. Purchase this course
  • The objective of this course is to review the changes that SSAE No. 10, Attestation Standards: Revision and Recodification, made to the Attestation Standards. Additionally, the overall theme of special reporting issues, including guidance found in SAS No. 62, Special Reports, is covered. You will gain an understanding of the foundation of Attestation Standards and of the fundamental and key changes that SSAE No. 10 made to the existing standards. Moreover, the section covering the general framework of the standards explain the requirements, examination engagements, review engagements and other matters affecting Attestation Standards. Section II covers agreed-upon procedures engagements, while Section III covers compliance engagements and reporting on specific elements, accounts or items of a financial statement. Further, because of investors’ and bankers’ need for forward-looking information, accountants in both public accounting and industry need to understand the rules for prospective financial forecasts and projections. Finally, the course covers reporting on pro forma information, summarizes the basics of MD&A, and more. Purchase this course
  • This course explains the significant changes made to auditing standards by the Auditing Standards Board’s Clarity Project that resulted in the issuance of SAS Nos. 122-125. Purchase this course.
  • This course begins by reviewing the efforts being made by the U.S. government to prevent corporate fraud. Next, there is a discussion of common characteristics of individuals who are most likely to commit fraud and some steps that you can take to identify them. Finally, the course will identify the most frequently occurring types of corporate fraud and point out some processes and procedures which can be put into place in order to prevent these types of fraud. Several case studies are included. Purchase this course.
  • This course covers the essential tools you need to perform internal-control related services. It will take you through your clients’ responsibility to design and implement programs and controls to prevent, deter, and detect fraud. It touches on internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act. The course also covers Management’s Antifraud Programs and Controls and the risk factors included in SAS No.99. The course provides useful indicators and checklists such as indicators of financial crime, the ACFE’s fraud prevention checkup, internal control assessment form, computer applications checklist, and financial reporting information systems and controls checklist. Purchase this course.
  • The objective of this course is to inform the reader of the various changes made to the compilation and review standards by the AICPA’s Accounting and Review Services Committee (ARSC), and to address practice issues related to compilation and review engagements. Purchase this course.
  • The purpose of this course is to inform the reader of the various changes made to the entire compilation and review codification by SSARS No. 21.The course addresses all three of the types of engagements that can be performed under the SSARSs including: preparation of financial statements engagement, compilation engagement, and review engagement.Purchase this course.