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The Audit Is Finished, Or Is It? Post-Issuance Responsibilities
$38.95$38.95
The Audit Is Finished, Or Is It? Post-Issuance Responsibilities
Course Description:
This course covers auditor responsibilities for engagement deficiencies and the subsequent discovery of facts after the audit report date. It explains how to identify and evaluate deficiencies on in-process, completed, and other firms’ engagements, and how quality control and regulatory oversight play a role. The course also addresses updating audit documentation, performing additional procedures, and working with clients and regulators to ensure accurate disclosures and prevent reliance on outdated reports. It includes practical examples that illustrate common scenarios and shows how to determine when revisions to financial statements or the auditor’s report may be necessary.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
Course Description:
This course covers auditor responsibilities for engagement deficiencies and the subsequent discovery of facts after the audit report date. It explains how to identify and evaluate deficiencies on in-process, completed, and other firms’ engagements, and how quality control and regulatory oversight play a role. The course also addresses updating audit documentation, performing additional procedures, and working with clients and regulators to ensure accurate disclosures and prevent reliance on outdated reports. It includes practical examples that illustrate common scenarios and shows how to determine when revisions to financial statements or the auditor’s report may be necessary.
Learning Objectives:
Upon successful completion of this course, participants will be able to:
- Identify engagement deficiencies on in-process, completed, and other firms’ engagements
- Recognize situations that trigger the need for subsequent discovery of facts after the audit report date
- Determine appropriate procedures to update audit documentation and address gaps in evidence
- Select the proper actions to involve clients or regulators when disclosures are required
- Distinguish when revisions to financial statements or the auditor’s report are necessary
Course Number:
KC220
NASBA Field of Study:
Auditing
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2026
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
KC220
NASBA Field of Study:
Auditing
Level:
Basic
Author/Instructor:
Kelen F. Camehl, CPA, MBA
Publication Date:
January 2026
CPE Credits:
2
Prerequisites:
None
Advanced Preparation:
None
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