A Potpourri of Time Savings on Audits—Part 1 (09-10-26)- A/V

CPE Credit: 2 hours

The Saving Time on Audits course covers quality control and auditing issues that affect audit engagement planning, performance and completion. These topics collectively offer opportunities for improving both audit engagements and CPA firm profitability.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

1. Identify recent auditing, accounting, and quality management standards that affect audit engagement performance, documentation, and reporting.

2. Recognize client acceptance and continuance considerations, quality management requirements, and staff competency practices that support audit quality and engagement efficiency.

3. Determine how current-period risk assessment, internal control understanding, materiality, and audit planning influence the nature, timing, and extent of audit procedures.

4. Identify practical audit planning and documentation techniques that can reduce unnecessary procedures and improve engagement efficiency while maintaining appropriate audit quality.