Description
The ultimate objective of a financial statement audit is to issue an auditor's report. This module provides tips and techniques necessary for issuing and reporting on high quality financial statements prepared under U.S. GAAP or a special purpose framework.
Highlights
- Objective of financial reporting
- Inter-relationships of financial statements and disclosures
- Accounting changes
- Special purpose framework financial statements and audits
- Types of audit reports
- Example audit reports
- Financial statement issuance process
- Performing a final quality control check before report release
Objectives
- Discuss the inter-relationship of basic financial statements and disclosures
- Explain the financial statement drafting and issuance process
- Perform a quality control check of draft financial statements
- Explain the key elements and variations of the auditor’s report
- Describe special considerations for financial statements prepared under special purpose framework
Designed For
Accountants who have responsibilities for drafting the financial statements and the auditor's report