This course covers auditor responsibilities for engagement deficiencies and the subsequent discovery of facts after the audit report date. It explains how to identify and evaluate deficiencies on in-process, completed, and other firms’ engagements, and how quality control and regulatory oversight play a role. The course also addresses updating audit documentation, performing additional procedures, and working with clients and regulators to ensure accurate disclosures and prevent reliance on outdated reports. It includes practical examples that illustrate common scenarios and shows how to determine when revisions to financial statements or the auditor’s report may be necessary.

Learning Objectives
Upon completion of this course, you will be able to:
•    Identify engagement deficiencies on in-process, completed, and other firms’ engagements
•    Recognize situations that trigger the need for subsequent discovery of facts after the audit report date
•    Determine appropriate procedures to update audit documentation and address gaps in evidence
•    Select the proper actions to involve clients or regulators when disclosures are required
•    Distinguish when revisions to financial statements or the auditor’s report are necessary

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/