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2010 COURSE CATALOG
8 hour courses |
Other presentations |
2010 Fee Schedule
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NEW FOR 2010! |
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Everything You Need to Know About Auditor’s Reports |
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Description: A review of the requirements of AU Sections 400 – 600, including the applicable Auditing Interpretations. This session will include:
Learning objectives: To enable participants to understand and apply the reporting requirements of Generally Accepted Auditing Standards, including the most common departures from the standard unqualified opinion. Experience/Prerequisites: Minimum to advanced level of auditing experience. Who should attend: Partners and managers responsible for planning and supervision of engagements, and audit staff members who are responsible for drafting auditor’s reports. Recommended CPE credit: 8 hours Acronym: EKAR |
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NEW FOR 2010! |
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Understanding and Documenting |
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Description: A review of the requirements to obtain and document sufficient understanding of the entity and its environment, including internal controls, with focus on the smaller entity. This session will include:
Learning objectives: To enable participants to understand and apply the requirements of SAS 109, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, meet the applicable documentation requirements and achieve audit efficiency. Experience/Prerequisites: Minimum to advanced level of auditing experience. Who should attend: Partners and managers responsible for planning and supervision of engagements, audit staff members who are responsible for documenting the understanding of the entity and its environment including internal controls, and finance officers responsible for establishing and maintaining internal controls. Recommended CPE credit: 8 hours Acronym: EEIC |
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NEW FOR 2010! |
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Single
Audit Testing and Documentation
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Description: A review of OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations and the fourteen Single Audit requirements, with suggested audit procedures and sample working paper documentation. This session will include:
Learning objectives: To enable participants to understand and test the requirements applicable to the Single Audit of governments and nonprofit organizations, meet the requirements for documentation and reporting, and achieve audit efficiency. Experience/Prerequisites: Minimum to advanced level of auditing experience in performance of Single Audits. Who should attend: Partners and managers responsible for planning and supervision of Single Audit engagements, and audit staff members who are responsible for testing and documentation. Recommended CPE credit: 8 hours Acronym: SATD |
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Reinventing Your Audit Practice* |
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Course Description: Reinventing Your Audit Practice is designed to assist firms who have experienced difficulty in implementing the risk-based approach required by SAS 104-111. It includes detailed coverage of the risk assessment standards and follows the risk based approach from engagement letter to audit plan. Topics covered include:
Experience/Prerequisites: Intermediate to advanced level of auditing experience. Who should attend: Partners and managers responsible for planning and supervision of engagements. Recommended CPE credit: 8 hours Acronym: RYAP |
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Audit Documentation |
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Description: An overview of the requirements of the revised SAS 103, Audit Documentation, includes a review of every reference to documentation throughout the auditing standards. Topics covered include documentation of:
Also included is a section on being litigation-conscious - keeping potentially damaging information out of the documentation. Experience/Prerequisites: Minimum to advanced level of auditing experience. Who should attend: Professional staff with responsibility for performing audits of all entities. Recommended CPE credit: 8 hours Acronym: AUDOC |
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Obtaining and Evaluating |
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Description: Recent audit failures have not been the result of insufficient auditing standards! Why do auditors sometimes fail to pursue the obvious? How do auditors’ belief systems affect audit evidence? What can auditors learn from the scientific method? Becoming a better auditor means learning to make better inquiries, apply professional skepticism and critical thinking to audit evidence obtained, and recognize that anything is possible. The material includes a detailed review of SAS 106, Audit Evidence. Specific topics covered:
Experience/Prerequisites: Minimum to intermediate level of auditing experience. Who should attend: Professional staff with responsibility for performing audit engagements. Recommended CPE credit: 8 hours Acronym: - AUDEV |
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2010 Governmental Accounting and Auditing
Update |
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Description: The Governmental Accounting and Auditing Update is designed to provide its participants with a comprehensive, in-depth review of what’s happening at the GASB, AICPA, GAO and OMB, including GASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, Ethics Interpretations and rulings, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in small to medium sized firms and members in government. Experience/Prerequisites: Minimum to intermediate level of government/auditing experience. Who should attend: Partners and managers responsible for planning and supervision of governmental engagements, audit staff members who need to understand the changes which have occurred to enable them to conduct governmental engagements, and persons in government responsible for accounting, financial statement preparation, and internal audits. Recommended CPE credit: 8 hours Acronym: GAU |
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2010 Accounting and Auditing Update |
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Description: The Accounting and Auditing Update is designed to provide its participants with a comprehensive, in-depth review of what’s happening at the FASB, AICPA, and other professional bodies who may impact accounting and auditing this year, including FASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in small to medium sized firms and members in industry. Experience/Prerequisites: Minimum to intermediate level of auditing experience. Who should attend: Partners and managers responsible for planning and supervision of engagements, audit staff members who need to understand the changes which have occurred to enable them to conduct engagements, and persons in industry responsible for accounting, financial statement preparation, and internal audits. Recommended CPE credit: 8 hours Acronym: AAU |
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2010 Not-for-Profit Accounting and
Auditing Update and Reporting Issues |
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Description: The Not-for-Profit Accounting and Auditing Update and Reporting Issues is designed to provide its participants with a comprehensive, in-depth review of what’s happening at the FASB, AICPA, and other professional bodies who may impact accounting and auditing this year, including FASB Statements and Interpretations, Statements on Auditing Standards, Auditing Interpretations, Audit Guides, Statements of Position, exposure drafts and projects in progress, with emphasis on the practical application and impact on practitioners in small to medium sized firms and members employed in the not-for-profit industry. The course specifically addresses nonprofit organizations accounting and reporting problems, and selected topics of particular interest to financial officers of not-for-profit organizations. Experience/Prerequisites: Minimum to intermediate level of experience as an auditor or financial officer of a not-for-profit organization. Who should attend: Not-for-profit organization financial officers, and audit partners and managers responsible for planning and supervision of engagements, audit staff members who need to understand the changes which have occurred to enable them to conduct engagements, and persons in industry responsible for accounting, financial statement preparation, and internal audits. Recommended CPE credit: 8 hours Acronym: NAU |
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OMB CIRCULARS A-133, A-87 AND THE
COMPLIANCE SUPPLEMENT |
Description:
The course is basic level presentation of the requirements of three
documents of importance to auditors of federal award programs:
Who should attend: Persons responsible for planning, conducting and reviewing single audits performed under OMB standards. Prerequisites: Minimum level of experience in audits of state and local governments and nonprofit organizations. Recommended CPE credit: 8 hours Acronym: OMB8 |
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Office of Management and Budget Circular
A-87 (Cost Principles) |
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Description:
The course is basic level presentation of the requirements of Circular
A-87, Cost Principles for State, Local and Indian Tribal Governments
which establishes the criteria state and local governments must meet in
order to charge costs incurred to federal award programs (substantially
similar to the cost principles applicable to nonprofit organizations) Who should attend: Persons responsible for planning, conducting and reviewing single audits performed under OMB standards. Prerequisites: Minimum level of experience in audits of state and local governments and nonprofit organizations. Recommended CPE credit: 2 hours Acronym: A87 |
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Office of Management
and Budget Circular A-133 (Single Audit Requirements) |
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Description:
The course is basic level presentation
of the requirements of
OMB Circular A-133 Audits of States, Local Governments,
and Non-Profit Organizations, which establishes the thresholds for
single audits, the risk-based approach to major program determination, and
the testing requirements for internal controls and compliance. Who should attend: Persons responsible for planning, conducting and reviewing single audits performed under OMB standards. Prerequisites: Minimum level of experience in audits of state and local governments and nonprofit organizations. Recommended CPE credit : 2 hours Acronym: A133 |
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Office of Management and Budget
Compliance Supplement |
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Description:
The course is basic
level presentation of the requirements of the 2007/2008 OMB Circular
A-133 Compliance Supplement, which identifies fourteen laws and
regulations that must be tested in all single audits, suggested audit
procedures, and internal control standards. The author’s single audit
internal controls checklist is included. Who should attend: Persons responsible for planning, conducting and reviewing single audits performed under OMB standards. Prerequisites: Minimum level of experience in audits of state and local governments and nonprofit organizations. Recommended CPE credit: 4 hours Acronym: OMBC |
The Revised Yellow Book
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Description:
This course presents a chapter by chapter review of the requirements of
the 2007 GAO Government Auditing Standards (the Yellow Book) as
adopted by the U.S. Comptroller General, and includes analysis of
Amendment 3, Independence, and the related Question and Answer
document published by GAO, with emphasis on the distinctions between the
AICPA and GAO standards Who should attend: Persons responsible for planning, conducting and reviewing audits performed under GAO standards. Prerequisites: Minimum level of experience in audits of state and local governments and nonprofit organizations. Recommended CPE credit: 4 hours Acronym: GAO |
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Recent Auditing Standards Board
Pronouncements |
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Description:
This course provides a comprehensive
review of Statements on Auditing Standards, beginning with SAS 102 through
all current releases, as well as recent revisions to attestation
standards, exposure drafts outstanding and projects currently in process.
Participants will learn what the new standards require and how to apply
them in practice. Who should attend: Persons responsible for planning, conducting and reviewing audits performed under AICPA standards. Prerequisites: Minimum level of experience in auditing. Recommended CPE credit: 2 or 4 hours Acronym: ASB2; ASB4 |
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GASB Update |
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Description:
This course provides a comprehensive review of recent pronouncements of
the Governmental Accounting Standards Board, beginning with Statement 43
through all current releases, as well as exposure drafts outstanding and
projects currently in process. Participants will learn what the new standards require and how to apply them in practice. Who should attend: Persons responsible for planning, conducting and reviewing government audits and financial statement preparers. Prerequisites: Minimum level of experience. Recommended CPE credit: 2 or 4 hours Acronym: GASB2; GASB4 |
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Audit Planning
(governmental or nongovernmental) |
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Description:
This course provides a comprehensive review of Statements on Auditing
Standards and prevalent practice relevant to the planning of an
engagement, including engagement staffing, audit risk and materiality,
audit sampling, consideration of fraud, competency and sufficiency of
evidence. Participants will learn what the applicable standards require
and how to apply them in practice. Who should attend: Persons responsible for planning, conducting and reviewing audits performed under AICPA standards. Prerequisites: Minimum level of experience in auditing. Recommended CPE credit: 4 hours Acronym: APL; GAPL |
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Recent Changes in the AICPA Ethics Code |
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Description:
What is a covered member? The AICPA Code
of Conduct has seen some major revisions in the last few years that
completely redefine independence and eliminate the “member and member’s
firm” standard that has been in existence for many years. In addition,
limitations on “other services” have created independence conflicts with
clients who have relied on their auditors to provide assistance outside
the audit. This course focuses on new rules, the recently-adopted
Conceptual Framework, as well as interpretations, rulings,
“wrap-around” guidance, new opportunities and new pitfalls for auditors
and clients alike. Who should attend: Professional staff performing engagements under AICPA standards. Prerequisites: Minimum level of experience in accounting and auditing. Recommended CPE credit: 2 hours Acronym: RCEC |
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Accounting and Auditing Training (per 400 minutes of instruction) 1st 15 participants
- $80 per participant (minimum guarantee 15 participants) One master copy of copyrighted materials are provided two weeks in advance for copying at the firm’s expense. Travel and subsistence charges plus honorarium of $1,200 apply in addition to quoted rates. |