Audit 208: Audit Reporting Basics - Report Issuance Process

Overview

Audit Reporting Fundamentals - Introducing Core Concepts in the Audited Financial Statement Drafting and Issuance Process will provide tips and techniques necessary for issuing and reporting on high-quality financial statements prepared under any applicable financial reporting framework. The ultimate objective of a financial statement audit is to issue an auditor’s report. Note: This course is recommended as a part of a 16-hour audit skills curriculum for experienced staff auditors, while it is also appropriate for anyone who has responsibilities for drafting and issuing audit reports. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics covered in this course include:

• Objective of financial reporting and Inter-relationships of financial statements and disclosures
• Special purpose framework financial statements and the impact on audits
• Types of audit reports, including reasons for modification
• Financial statement drafting and issuance process
• Performing a final quality control check before report release

Prerequisites

None

Designed For

Accountants who have responsibilities for drafting the financial statements and the auditor’s report

Objectives

Upon completion of this course, you will be able to...

• Identify the inter-relationship of basic financial statements and disclosures
• Recall the financial statement drafting and issuance process
• Perform a quality control check of draft financial statements
• Recall the key elements and variations of the auditor's report
• Recognize special considerations for financial statements prepared under a special purpose framework

Preparation

None