Surgent's Evaluating Sufficiency and Appropriateness of Audit Evidence

Overview

During a financial statement audit the auditor obtains an understanding of the entity and its environment (including its internal control), performs a risk assessment and from that work designs substantive procedures that will be responsive to the level of risk assessed. At the end of the audit, the auditor assesses the sufficiency and appropriateness of the audit evidence obtained to ensure that he/she has considered everything necessary to provide an opinion on the financial statements. This module addresses the characteristics of audit evidence and how the auditor evaluates the sufficiency and appropriateness of the evidence throughout the audit. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 5.)

Highlights

• SAS 142, Audit Evidence (recently issued)
• Relevance and reliability of audit evidence
• Sources of evidence
• Audit procedures
• Evaluation of tests of controls
• Evaluation of sufficiency and appropriateness of evidence

Prerequisites

None

Designed For

Accountants new to the profession or new to auditing

Objectives

• Describe the characteristics of audit evidence
• Discuss the sources of evidence
• Evaluate the sufficiency and appropriateness of evidence obtained from tests of controls
• Evaluate the sufficiency and appropriateness of evidence obtained during the audit

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.