Events Search
  Summary & Check Out (0)
Wednesday, April 10, 2024 Live Webcast

Audit 308: Audit Reporting and General Audit Procedures (X2-36930)

11:30 AM - 1:30 PM EDT
webcast

Vendor Platform

2 CPE Credits in AA

OVERVIEW

Audit Reporting Advanced Concepts - Understanding the Impact of General Audit Procedures on Disclosures and Audit Report Modifications will provide guidance for properly altering financial statements and audit reports for certain complex transactions and events that are often uncovered through general audit procedures, such as subsequent testing, reviewing minutes, and more. Each set of financial statements and auditor's report thereon must properly address the unique circumstances of the specific reporting entity's circumstances.

DESIGNED FOR

Accountants responsible for drafting footnote disclosures and audit reports

BENEFITS

After attending this presentation, you will be able to...

  • Identify circumstances requiring audit report modifications and explanatory paragraphs
  • Determine the importance of applying general audit procedures to identify relevant footnote disclosures
  • Distinguish how to improve evaluating disclosures for completeness and understandability

HIGHLIGHTS

The major topics covered in this course include:

  • Common reasons for modifying audit opinions
  • Emphasis-of-matter or other-matter explanatory paragraphs
  • General audit procedures to identify relevant transactions and events impacting financial statement presentation and disclosure
  • Drafting relevant general footnotes, such as related party transactions, subsequent events, loss contingencies, and more
  • Improving the footnote drafting process

COURSE LEVEL

Intermediate

PREREQUISITES

Basic audit experience

ADVANCE PREPARATION

None

INSTRUCTOR

Jennifer Louis

Jennifer F. Louis, CPA

President

Emergent Solutions Group

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys