This course covers ethics, professional responsibilities and
general principles of auditing, including the following:
- Ethics and independence including understanding and applying the AICPA
Code of Conduct and the ethical and independence requirements of the
U.S. Securities and Exchange Commission (SEC), PCAOB, GAO and Department
of Labor (DOL).
- Professional skepticism including the critical assessment of evidence and the
need to apply knowledge and experience to make informed decisions.
- Nature, scope and terms of engagements including engagement preconditions.
- Requirements for engagement documentation and communication with
management or those charged with governance.
- Understanding of audit and assurance quality on an engagement and
responsibilities within a firm.
To the extent applicable, the audits of financial statements of employee benefit
plans subject to ERISA are eligible for testing in each group and topic in this Area.