FAQ - Audit Issues [FAQAI4Anc]

Aug 5, 2015
Time: 8-11:30

Subject:

Auditing

Credit Hours:

4.00

Price:

Member: $150.00
Non-member: $225.00

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Discussion Leader:

Gregory M. Clark, CPA    more info

Gregory M. Clark, CPA, CGMA, is a Principal with the Business Compliance & Controls Group (BCCG), an accounting and consulting firm specializing in technical audit and accounting training and consulting, employee benefit plan audits, compliance and training, internal controls consulting and training, and assessments, technical accounting consulting, and engagement quality control review services.

With more than 39 years of experience in the financial statement assurance and business compliance field, Greg has participated in all aspects of numerous attest engagements, including plan audit and business risk assessments, plan internal control assessment and design, plan regulatory compliance, financial reporting and quality control assessments, and administration contract compliance.  BCCG provides technical accounting and auditing consulting services, continuing professional education services, quality control and effectiveness reviews, and compliance assistance to small businesses and CPA firms performing attest engagements. 

Greg is a nationally known speaker on employee benefit plans, technical accounting and auditing, operational auditing and internal controls evaluations, integrated auditing, organizational risk assessments, and various other topics. In 2019, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Greg currently serves on the AICPA EBP Expert Panel, the AICPA Employee Benefit Plan Conference Program, the Georgia CPA Society Southeastern Accounting Show Task Force, and the Georgia Employee Benefit Plan Conference Committee. Greg has worked with accountants and auditors from throughout the world; many Fortune 500 companies; and numerous local, regional, and national CPA firms and small business clients as well as more than 46 state CPA society CPE organizations.

 

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Website registration for this course closes on August 4, 2015. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.

Full Description

FAQ Audit Issues

August 5, 2015 Morning Session

AKCPA Office
Anchorage, AK
LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.

Using the popular Frequently Asked Questions format, this session will take a deeper dive into issues where auditors continue to have questions. It will deal with risk assessment implementation issues, efficiency issues for smaller clients, sampling and more.

Major Topics:
Audit risk Documenting consideration of presumed risks of fraud Inherent risk and its role in combined risk Monitoring Key controlsProcess vs. controls When testing controls makes sense and when it doesnt Significant risks Difference between assessment of risk at high and significant risks Linkage Report on internal control (significant deficiencies and material weaknesses) Communications with those charged with governance (in planning and at the end of the audit) Using a service organization auditors report (SSAE 16).

Learning Objectives: Participants will be able to efficiently apply auditing literature to a variety of troublesome issues.

Designed For: All practitioners in public practice

CPE Credits: 4, Auditing

Level of Knowledge: Basic

Prerequisite: None

Acronym: FAQAI4

Discussion Leader: Gregory Clark, CPA

Qualifies for the 24 hour Yellow Book requirement if an auditor has FASB Yellow Book clients. Determination as to the qualification of certain courses for the Yellow Book 24 hour requirement should be made on an auditor specific basis depending on that auditors Yellow Book clients. Note that the determination of course qualification is a matter of an auditors professional judgment in consultation with appropriate individuals in the audit firm. The 24 hours are a subset of the 80 hour requirement.