Deep Dive into Common Audit Deficiencies (LIAA17/24)
This course will review common deficiencies identified by the AICPA and state boards of accountancy. It features discussion on a variety of topics, including auditing estimates, internal controls deficiencies, documentation deficiencies, and risk assessment. We will review the areas of concern, the profession’s response to these deficiencies including SASes 143 and 145, and how you can overcome them by employing best practices.
Ideal for accountants in public practice
- Describe common audit deficiencies
- Properly perform risk assessment and documentation
- Recall best practices for auditing estimates
- Recognize changes to auditing standards for estimates and risk assessment
Prior experience with GAAS