This course outlines the responsibilities auditors have when addressing possible illegal acts during an audit. It covers the definition of illegal acts in the audit context, how such acts may affect financial statements, and the practical limits of what auditors can detect. Major topics include recognizing signs of violations, evaluating their impact, responding appropriately when issues arise, and communicating with management and the audit committee. Learners will understand how to apply professional judgment, document findings, and follow procedures that align with auditing standards, including guidance from PCAOB AS 2405 and Auditing Interpretation AI 13. The course also discusses the intersection of internal controls and legal compliance, providing practical examples to illustrate key concepts.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify types of illegal acts auditors may encounter and their impact on financial statements
•    Recognize signs that may indicate possible illegal acts in audit evidence
•    Distinguish illegal acts from changes in accounting principles, estimates, and error corrections
•    Determine appropriate responses when a possible or detected illegal act arises
•    Select proper methods for communicating findings to management and the audit committee
•    Recall key guidance from PCAOB AS 2405 and Auditing Interpretation AI 13

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. 

A course evaluation form is provided for your feedback, upon course completion. Participants have 1 year from the date of purchase/enrollment to complete this course 

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/