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Attestation Engagements: Examination Engagements

J. Russell Madray, CPA, CIA, CMA, CFM

An examination is analogous to a financial statement audit. In an examination, the practitioner expresses an opinion on whether the subject matter or assertion about the subject matter is in conformity with given criteria. The examination requires the practitioner to reduce the risk of undetected material misstatement to a low level, and it involves substantial gathering of evidence.

This course reviews the criteria necessary for conducting an effective examination engagement. The author uses several exhibits to illustrate key concepts. Topics covered include:

  • Engagement acceptance requirements of attestation standards
  • Applying the materiality concept to an engagement
  • Restriction or reduction of attestation risk in an engagement
  • Level of testing needed to reduce risk
  • Using specialists to assist with an engagement
  • Drafting a representation letter
  • Subsequent events
  • Attest documentation
  • Examination reports

Course Details
Price:  $45.00
Field of Study:  Auditing
Prerequisites:  Attestation Engagements: Engagement Planning and Administration, or equivalent knowledge.
Level:  Intermediate
Course was last updated on:  03/08/05
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Credit Available For: Units
CPE 2 CPE
QAS 2 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: Jeffrey O. submitted on 03/24/2008
NA
Reviewer: Nicole T. submitted on 07/25/2007
It was Comprehensible.
Reviewer: Kenneth B. submitted on 07/20/2007
Very nicely written and organized. Easy to follow and understand.
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