Surgent’s Modified Audit Reports & Other Special Considerations (Audit Skills Training – Level 5) (A5M6) (SSAA35/19)

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Event Description

Audit reports may need to be modified from the standard unqualified audit report in various circumstances. This module discusses common circumstances leading to modified audit reports and other special considerations, such as initial or group audits.

Designed For

Accountants responsible for modifying financial statement audit opinions in appropriate circumstances

Objectives

  • Discuss modified audit opinions
  • Explain initial audit special considerations
  • Describe considerations when a predecessor auditor is relevant
  • Describe group financial statement audit considerations
  • Discuss using the work of specialists and others on an audit

Major Subjects

  • Examples of differing opinions in comparative financial statements
  • Example modified audit opinions, including qualified, adverse and disclaimer of opinion
  • Emphasis-of-matter and other-matter explanatory paragraphs in a modified audit report
  • Initial audit engagements, including predecessor auditor considerations and audit report impact
  • Group audit engagements, including the impact of a component auditor on the group audit report
  • The impact of using the work of others on an audit report

Prerequisites

Experience on complex audit engagements

Instructions

When you purchase a Surgent CPE on-demand course, it must be taken by June 30, 2019, to receive credit.
Within 5 minutes after your purchase, you will receive an email from info@surgent.com that explains how to access your course and materials.
Once you complete a course, please allow up to 30 days to receive you certificate of completion.
If you have further questions, please email info@surgent.com or call 800.778-7436. Their help lines are staffed Monday-Friday from 8:30 am to 5 pm Eastern Time.