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8.0 Credits

While generally accepted auditing standards (GAAS) were clarified, they were not condensed. In fact, in arriving at and providing an opinion on the financial statements, auditors follow approximately 1,000 pages of standards! It takes a great deal of effort and energy to keep up with the current requirements. Designed for everyone in the firm, this course will replenish your tank with an understanding of GAAS needed to fuel high-performance audits under today's standards. The course materials utilize a highly illustrative format to increase concept comprehension and retention.


  • Stay current on key aspects of maintaining professional skepticism and exercising professional judgment in the planning and performance of an audit
  • Proficiently perform audits through an increased knowledge of how the various sections of GAAS interrelate to each other
  • Skillfully apply the requirements used by auditors on a daily basis

Major Topics

  • How today's GAAS is organized into seven facets of an audit (i.e., general principles and responsibilities; risk assessment and response to assessed risks; audit evidence; using the work of others; audit conclusions and reporting; special considerations; and special considerations in the United States)
  • Important considerations, determinations and requirements that pertain to each of the seven facets of an audit
  • Special considerations relevant to audits of smaller, less complex entities and audits of governmental entities
  • Aspects of GAAS that have changed the most in recent years due to the Clarity Project
  • Answers to frequent questions that arise in the application of GAAS

Designed For

All auditors


Basic audit knowledge