PDEV
PROFESSIONAL DEVELOPMENTS UPDATE FOR 2007: RECENT EVENTS IN THE BUSINESS WORLD AND THEIR EFFECT ON THE ACCOUNTING PROFESSION
This course provides an up-to-the-minute survey of professional and regulatory developments in the world of accounting and auditing, explains how engagements will be affected by key risk factors, and suggests strategies to address them. Major
topics include:
- The current economic and business environment and the challenges it poses for preparers and auditors
- Key areas of financial reporting risk
- Risk assessment standards
- Audit documentation
- Dating the audit report
- Document
- Auditing variable interest entities
- Asking the right question
- Evaluating VIE’s
- Closely held entities
- Professional assistance and where to find it
- Risk assessment standards: major changes to audit practice
- How the audit risk model drives the audit
- Financial statement and assertion levels
- Calibrating materiality
- Materiality and tolerable misstatement
- Nature and frequency of risk assessment
- Internal control assessment in small companies
- Further audit procedures
- Professional guidance and where to find it
Designed
for: Accountants in public practice and industry who need a rapid review of the major factors and challenges facing them in their practice .
Field of Study: Accounting
Level of Knowledge: Update
Prerequisites: None
Credit Hours: 2
Price: $39.00
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