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Author: Perry Henderson, CPA, MPA
Description:
The auditor’s objective under the redrafted SAS 106 is to design and perform audit procedures to enable the auditor to obtain sufficient appropriate evidence to be able to draw reasonable conclusions on which to base an opinion. Requirements for sufficient appropriate audit evidence, information to be used as audit evidence, and inconsistency in, or doubts over the reliability of evidence are covered.
SAS 107 establishes objectives and addresses the auditor’s responsibility to evaluate the effects of identified misstatements on the audit, and uncorrected misstatements, if any, on the financial statements. Requirements for accumulation of identified misstatements, consideration of identified misstatements as the audit progresses, communication and correction of misstatements, evaluating the effects of uncorrected misstatements, and documentation are covered.
Upon completion of this course, the user should be able to:
- Identify the characteristics of sufficient and appropriate audit evidence.
- Determine the reliability and relevance of audit evidence.
- Explain the process of evaluating misstatements identified during an audit.
- Determine the effects of identified misstatements on the conduct of an audit.
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Course Details:
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Price: $51.00
Field of Study: Auditing
Prerequisites: None
Level: Overview
Advanced Preparation: None
Course was last updated on: 10/25/10
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Library:
Learning Center Core
Technical Requirements:
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