Course Details
CPE Credits: 2.0
Field of Study: Auditing
Prerequisites: Basic understanding of internal control, audit risk, and obtaining audit evidence under PCAOB standards.
Advanced Preparation: None
Program Level: Intermediate
Delivery Method: Group Internet Based
Location / Platform: Virtual
Time Zone: Eastern Time
Course Description
A practical course on applying PCAOB AS 2601 when a company uses a service organization. Particular attention is given to clearing brokers and other service providers, service auditor reports, complementary user entity controls, subservice organizations, report exceptions, and obtaining sufficient appropriate audit evidence.
Learning Objectives
Upon completion of this course, participants will be able to:
Identify circumstances in which a service organization is relevant to a company's financial reporting and internal control.
Evaluate the effect of services provided by clearing firms and other service organizations on audit risk and the audit approach.
Distinguish between the purposes and uses of Type 1 and Type 2 service auditor reports.
Evaluate complementary user entity controls, subservice organizations, and exceptions identified in service auditor reports.
Determine whether sufficient appropriate audit evidence has been obtained regarding transactions processed by a service organization.
Instructor
Harley Aronoff, CPA
CPE Policies
Complaint Resolution Policy
For complaints or concerns regarding this program, contact Blue Diamond Audit & Regulatory Advisors by email at Concierge@bluediamondauditadvisors.com
Attendance Requirements
Participants must attend the entire program and actively participate in all sessions to receive full credit.
Partial credit will not be awarded.
Refund / Cancellation Policy
Refund requests must be submitted in writing at least 10 days prior to the program date. If Blue Diamond Audit Advisors must cancel a training course, participants will receive a full refund or a credit for a future training course, valid for up to 1 year from the date of the canceled event. Participants will be notified of any cancellation via email at the address provided during course registration.
Blue Diamond Audit & Regulatory Advisors is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.