Peer review deficiencies and professional liability claims result from both audit and nonaudit services. This course will provide best practices for avoiding legal liability and quality control concerns for a wide variety of professional services offered by public accountants.
Product Code
1000005124-141181
Credit Type
CPE: 4
CPE-AA: 4
CPE-GT: 4
CPE-Technical: 4
CPE-YB: 4
Intended Audience
CPAs and other financial professionals preparing the type of work described.
NASBA Field of Study
Accounting (Governmental)
Auditing (Governmental)
Level of Difficulty
Intermediate
Prerequisites
none
Advance Preparation
None
Learning Objectives
Identify common deficiencies in both the preparation of, and audit of, annual financial statements.
Learn to recognize and analyze the most prevalent mistakes made by both auditors and accountants in the preparation and audit of financial statements of state and local governments.
Develop an understanding of the audit standards that govern the auditing of financial statements for state and local governments, such as those set by the AICPA, GAO, and Single Audit.
Major Subjects
Financial Statement Preparation
Common Mistakes made in Preparing Financial Statements