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SAS No. 122, AU 240, Consideration of Fraud in a Financial Statement Audit

 Various
 
3.0
Registration is Open
Member Price
$99.00 Regular Registration
Your Price
$129.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Thu, 06/05/2025 from 7:00 pm to 10:30 pm
 Sat, 06/14/2025 from 5:00 pm to 8:30 pm
 Mon, 06/23/2025 from 9:00 am to 12:30 pm
 Tue, 07/01/2025 from 11:00 am to 2:30 pm
 Wed, 07/16/2025 from 1:00 pm to 4:30 pm
 Thu, 08/07/2025 from 7:00 pm to 10:30 pm
 Fri, 08/29/2025 from 5:00 pm to 8:30 pm
 Sat, 09/06/2025 from 9:00 am to 12:30 pm
 Wed, 09/17/2025 from 11:00 am to 2:30 pm
 Fri, 10/10/2025 from 1:00 pm to 4:30 pm
 Wed, 10/22/2025 from 3:00 pm to 6:30 pm
 Fri, 11/07/2025 from 5:00 pm to 8:30 pm
 Sat, 11/22/2025 from 9:00 am to 12:30 pm
 Mon, 12/08/2025 from 11:00 am to 2:30 pm
 Tue, 12/16/2025 from 1:00 pm to 4:30 pm
Designed For:

External and Internal Auditors

Prerequisite:

None

When performing a financial statement audit, auditors have always been responsible for the detection of anything that would cause a material misstatement of the financial statements whether caused by error of fraud.  However, in the past the audit profession focused on material misstatements due to errors and more or less ignored the possibility of misstatements due to fraud.  Now, SAS No. 122, AU 240 requires significant documentation as to what the auditor did in order to determine if there any material risk of a misstatement of the financial statements.  This presentation is an overview of what the auditor is to document in there working papers on every financial audit as to the procedures they performed in order to determine the risk of a material misstatement.  If a material risk is discovered, they are then required to document what they did in order to determine if the financial statements were misstated.

Delivery Method: Individual webcast
CPE Credit: Auditing
Program Level: Intermediate

Sponsors

For Technical Support: 
Please contact the ACPEN Help Desk at (877) 602-9877, [email protected]   or visit https://vscpa.acpen.com/Support/. The Help Desk is available by phone 24/7, 365 days a year. Allow 1 business day for email

Objectives

  • Understand the concept of materiality, both quantitively and qualitatively
  • Develop and maintain professional skepticism throughout the audit
  • Examine supporting documentation with a questioning attitude
  • Discuss the danger of making assumptions
  • Assess the risk of familiarity related to anticipation when dealing with a repeat client
  • Relate what is real vs perception

Speakers

Advanced Preparation

None

Vendor

The Virginia Society of CPAs (VSCPA) 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: NASBARegistry.org.

For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.