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Governmental Auditing – Standards and Fundamentals
5 Credits: Auditing (Governmental)
$245.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
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Governmental Auditing – Standards and Fundamentals
Format
Webcast
Course Level
Basic
CPE Credits
5 Credits: Auditing (Governmental)
Course Description
In the evolving landscape of auditing, staying updated with new standards and requirements is vital yet challenging for professionals. This course addresses the latest developments in audit requirements and standards, providing crucial insights into what’s new and what’s next in auditing. A significant focus is given to understanding and applying the going concern standard, a topic gaining relevance in today’s business scenarios. Participants will delve into the nuances of determining going concern issues and explore the new communication requirements for those charged with governance, including board members and senior management. The course also covers new procedures for annual reports and effective techniques to enhance auditor-auditee relationships. Recognizing that auditors are often seen as an additional burden, the course offers strategies for smoothing over these relationships and better communicating findings. Participants will learn to articulate these findings clearly and compellingly, ensuring that they are effectively addressed and resolved. Finally, the course will highlight the five attributes of a finding, complete with practical examples, empowering auditors to present their findings persuasively and foster acceptance and action.
Learning Objectives
Upon completion of this course, participants will be able to:
- Identify the new audit standards and requirements
- Apply the provisions for the new audit report
- Apply the provisions for going concerns
- Describe the new communications to Those Charges with Governance
- Apply the new procedures related to Other Information Included in Annual Reports
- Identify techniques to improve auditor/auditee relations
- Identify the five attributes of a finding
- Describe some techniques to improve a findings presentation
- Identify techniques to get results from a findings presentation
- Identify ways to develop useful recommendations
- Recognize techniques to better communicate findings with the auditee
- Identify methods to achieve acceptance of findings and recommendations
- Identify the rationale and need for timely written comments to audit findings.
Course Specifics
WC1923341491
August 29, 2023
None
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
![Thomas G. (Tommy) Stephens, Jr. Headshot](https://cdn-www.westerncpe.com/wp-content/uploads/2020/01/WCPE-WebsiteBio-ThomasStephens.jpg)
Thomas G. (Tommy) Stephens, Jr., CPA, CITP, CGMA, received a Bachelor of Science in Business Administration (Major in Accounting) from Auburn University in 1985. In 1994, Mr. Stephens opened his public accounting practice in the metropolitan Atlanta area. In his practice, Mr. Stephens provided accounting, tax, and consulting services to individuals and a wide variety of small and emerging businesses. He developed a successful consulting practice providing installation and support services of small business accounting software. Additionally, he has authored and presented continuing professional education courses to accounting and finance professionals. Mr. Stephens has lectured nationally on subjects such as internal controls for …
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