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SAS 107: Audit Risk and Materiality in Conducting an Audit

Perry M. Henderson, CPA, MPA

The requirements of SAS No. 107 are summarized in this course. For clarity and purposes of analysis, they are grouped into eight unconditional requirements and 50 presumptively mandatory requirements. Some of these are groupings of related requirements. Discussion of each appears throughout the course under various headings in topical format, rather than in the order that they appear in the original pronouncement.

Topics covered include:

  • Unconditional requirements and presumptively mandatory requirements
  • Definitions
  • Audit risk and materiality
  • Determining and using materiality
  • Communicating misstatements to management
  • Evaluating audit findings
  • Documentation

Course Details
Price:  $36.00
Field of Study:  Auditing
Prerequisites:  Basic knowledge of auditing procedures
Level:  Update
Course was last updated on:  05/01/07
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Library:
Learning Center Core
Accounting and Audit

Technical Requirements:
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Credit Available For: Units
CPE 3 CPE
QAS 3 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Paul L. submitted on 11/18/2009
As with other CCH course materials, this was very organized and well written.
Reviewer: Andy K. submitted on 11/16/2009
ease of use
Reviewer: Samuel J. submitted on 10/09/2009
It is comprehensive
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