CPAR Auditing Practice  |  Format: Flash

What You Can Do to Enhance Accounting and Auditing Quality

Course Overview
For many years, the accounting profession has been aware that the users of financial statements may not fully understand the intended communications contained in, or the level of assurance that can be derived from, the auditor's report. At the same time, auditors are under a microscope to ensure they are achieving a high-quality review of the systems of internal control and financial reporting. Collemi Consulting & Advisory Services' Salvatore Collemi provides us with a prescription for making the accountant's work, as well as the auditor's report, more relevant and useful.

Learning Objectives
Upon successful completion of this segment, you should be able to:

  • Recognize why auditors need to have professional skepticism;
  • Identify the keys to audit quality;
  • Recognize the implications of the introduction of critical audit matters and key audit matters;
  • Identify the things accountants and auditors need to do in order to do their jobs effectively.

    Catalog Number: CPAR1356-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPA Report
    Advanced Preparation:
    Work experience in financial reporting or auditing, or an introductory course in auditing
    Course Level: Update
    Field of Study: Auditing
    Content Partner: CPA Reports Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Oct 26, 2018 / Dec 05, 2019