CPE Catalog & Events
Applying the Uniform Guidance in Your Single Audits: Requirements and Cost Principles
Available Until
Online
1.00 Credits
Key Topics Administrative requirements and cost principles in a single audit
Approach to Strategy
Available Until
Online
1.00 Credits
Key TopicsThe strategy processAlternative approaches to strategy
Are You Ready for Your Peer Review?
Available Until
Online
4.50 Credits
Key Topics Peer review process and timeline Quality control standards overview Enhancing Audit Quality initiatives Common issues identified in peer review and how to prevent them Best practices to prepare for your firm's peer review Resources and tools
Are you Running Your Business or Is Your Business Running You? - FutureReady Series (1-hour learning)
Available Until
Online
1.50 Credits
Key Topics Vision: How to get your leadership team 100 percent on the same page with where your organization is going and how it will get there.People: How to get the right people in the right seats - because we can't achieve our vision unless we have great people helping us achieve it.Data: How to get laser-focused on the numbers - because the numbers never lie. They will give us an absolute pulse on what's happening in our organization at any given time. Issues: How to solve our problems. Great organizations simply have gotten great at solving the obstacles that stand in their way of achieving their vision. Processes: How to document the processes that drive our business forward. When everyone on our team is following the same processes, work becomes more efficient, more effective, more fun, and more profitable.
Assets: Not-for-Profit Accounting & Financial Reporting
Available Until
Online
1.50 Credits
Key TopicsNFP reporting standardsContributions receivableCollections, works of art and historical treasuresProperty and equipment and the related capitalization of interestJoint venturesGoodwillGoodwill impairment
Audit Staff Essentials - Experienced In-Charge/Senior
Available Until
Online
15.50 Credits
Key TopicsRisk assessmentInternal controlsEngagement management and supervisionRevenue recognitionEstimates and fair value measurementsComplex topics including pensions, leases, equity, and income taxesUsing a service organization Financial reporting Concluding the audit
Audit Staff Essentials - Experienced Staff/New In-Charge
Available Until
Online
16.00 Credits
Key TopicsAuditor responsibilitiesRisk assessmentEngagement management and supervision Working paper reviewSampling and sampling substantive sampling as concepts Auditing contingent liabilities and going concernAuditing investmentsAuditing intangible assets and goodwillResearch tools
Audit Staff Essentials - New Staff: Core Concepts
Available Until
Online
14.50 Credits
Key TopicsAudit basicsNew auditor's role in an engagementKey communication skillsWorking papers and documentationAudit risk modelProfessional skepticism
Audit Staff Essentials - New Staff: Practical Application
Available Until
Online
19.00 Credits
Key TopicsInternal controlsFraud considerationsAnalytical proceduresBasic auditing procedures for areas commonly assigned to new staff members
Auditing Bits in BytesT Session 1: Pre-Engagement Planning Activities
Available Until
Online
2.00 Credits
Key Topics Engagement Acceptance/Continuance Decisions - Documentation requirements and key engagement risk considerations Independence & Objectivity - Identifying threats and implementing appropriate safeguards to mitigate or eliminate them to comply with current professional and regulatory standards Establishing an Understanding with the Client - What is important to communicate to clients and why, including scope of both non-attest and attest services and responsibilities of client management and accountantsInitial Audits - Special considerations of a successor auditorGroup Audits - Clarifying pre-engagement roles and responsibilities of group and component auditors in audits of group financial statements Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Auditing Bits in BytesT Session 2: Preliminary Planning Activities
Available Until
Online
2.00 Credits
Key Topics Gaining an Understanding of the Entity & Environment - What should be documented and how it relates to identifying areas of higher risk of material misstatement Materiality and Performance Materiality - How these are not just rote calculations on a standard form, but important and key decisions that set the stage for conclusions throughout the entire audit Preliminary Analytic Procedures - Why this analysis assists the auditor in identifying significant audit areas and "what could go wrong" in the client's financial statements due to fraud or error Fraud Risk Considerations - Common peer review deficiencies identified related to these important required procedures Identifying Significant Audit Areas - How to identify significant accounts, classes or transactions and disclosures, and what that means to further risk assessment procedures Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Auditing Bits in BytesT Session 3: Internal Control Considerations
Available Until
Online
2.00 Credits
Key TopicsEvaluating the Design & Implementation of Internal Controls The typical types and flow of an internal control system Documenting an understanding of the design of internal control, including both entity-level and transactional-level internal controls Identifying the key controls that significantly reduce the possibility of material misstatement due to fraud or error Appropriately verifying that key controls have been implemented IT control considerations, including general and application controls Testing Controls for Operating Effectiveness What audit evidence is required to reduce control risk below high Understanding when a control reliance strategy may be either necessary or desirable in an audit plan The impact of reduced control risk on the nature, timing and extent of substantive audit procedures Special considerations Service Organization Control (SOC) Report special considerations Smaller entity considerations Varying audit objectives Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Auditing Bits in BytesT Session 4: Assessing and Responding to Risk
Available Until
Online
2.00 Credits
Key TopicsAudit Risk Components: Inherent Risk, Control Risk, & Detection Risk - Understanding the underlying intent of each of the components, and key considerations in properly assessing and documenting the basis for conclusionsIdentifying & Evaluating Risk - How to synthesize all the information gathered throughout the risk assessment process into a concise summary of risk assessment conclusionsDetermining Significant Risks Requiring Special Audit Considerations - What differentiates this type of risk from other types of risks of material misstatement, and what that means in regards to the nature, timing and extent of further audit proceduresEngagement Team Discussion - Common deficiencies in the performance of this required important activityLinking Assessed Risk of Material Misstatement to the Detailed Audit Plan - How judgment calls directly influence the effectiveness and efficiency of the detailed audit plan Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Auditing Bits in BytesT Session 5: Substantive Testing
Available Until
Online
2.00 Credits
Key TopicsNature, Timing & Extent of Substantive Testing - How to gather sufficient and appropriate audit evidence to support the audit opinionSubstantive Analytic Review - Typical deficiencies in designing, documenting and leveraging audit evidence gathered through these further audit proceduresConfirmations - Mistakes made in designing and evaluating the results of third-party confirmations as a form of persuasive audit evidenceSampling Considerations - Common misunderstandings related to designing, performing and concluding on tests of details Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Auditing Bits in BytesT Session 6: Engagement Wrap-Up
Available Until
Online
2.00 Credits
Key TopicsAudit Documentation - Key considerations in quality controlAudit Report Dating - How to handle "real-life" issues/concerns encountered by firms (e.g., issuing multiple audit reports with an appropriate audit report date, subsequent events identified after audit report date but prior to report release date, sufficiently fulfilling the document completion date requirements, etc.)Audit Report Modifications - Appropriate circumstances to add emphasis-of-matter or other-matter paragraphs, or when to modify the opinionGeneral Procedures Considerations: Going Concern, Subsequent Events, Attorney's Letters, Management Representation Letter, and more! Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement.
Auditing Bits in BytesT Session 7: Identifying, Evaluating and Communicating Internal Control Deficiencies
Available Until
Online
2.00 Credits
Key TopicsIdentifying & Evaluating Internal Control Deficiencies - Emphasizing the importance of identifying both design and operating effectiveness deficiencies during the course of the audit, and how to properly categorize deficiencies as inconsequential, significant or materialConsidering the Impact of Internal Control Deficiencies - The impact on the auditor's conclusions related to risk of material misstatement, sufficient appropriate audit evidence to support the financial statement audit opinion, and independenceCommunicating Internal Control Deficiencies to Those Charged with Governance - How to fulfill requirements in a way that emphasizes to the client the value and importance of giving proper dedication to understanding, consciously evaluating and concluding on an appropriate response to identified deficienciesCommunicating Other Significant Audit Matters to Governance - What to communicate and when Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Auditing Bits in BytesT Session 8: Engagement Wrap-up and Quality Control Considerations
Available Until
Online
2.00 Credits
Key TopicsAudit Documentation & Review - Using the workpaper documentation and review process to ensure sufficient compliance professional, technical, ethical and regulatory standardsStatement of Quality Control Standards - An overview of the AICPA standard that clarifies and enhances quality control requirements for CPA Firms performing financial statement auditsEngagement Quality Control Review - When this may be necessary, who can perform most effectively perform this review, what he/she should review, and documentation considerationsPeer Review - Common deficiencies identified related to financial statement audits, and how CPA firms can strengthen quality control policies and procedures to combat them Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement
Auditing Considerations: Not-for-Profit Governance and Assurance
Available Until
Online
1.50 Credits
Key TopicsBasic audit overviewSpecial considerations for auditing NFPsContributionsExchange and agency transactionsSplit-interest agreementsEndowmentsUniform Prudent Management of Institutional Funds Act (UPMIFA)Functional expensesJoint costsFinancial statement presentationUsage of tax-exempt debt proceeds
Bankruptcy - Part 1 and Part 2
Available Until
Online
5.00 Credits
Key TopicsOverview of bankruptcyTypes of bankruptciesRoles and responsibilitiesDeadlinesFormsReorganizationsDisclosure statementClaimsFinancial projectionsAvoidance or recovery actionsSolvencyValuation
Bankruptcy, Insolvency and Reorganization
Available Until
Online
1.00 Credits
Key TopicsBankruptcy, Insolvency and Reorganization