2 Total CPE Credits

Auditing Bits in Bytes™ Session 1: Pre-Engagement Planning Activities

Total CPE: 2

Auditing Bits in Bytes™ Session 1: Pre-Engagement Planning Activities

  • Instructor

    Jennifer Louis

Learning Objectives

  • Describe the important activities that are performed before the audit engagement even begins, such as gathering information about engagement risk
  • Explain the important considerations in making engagement acceptance and continuance decisions, including evaluating independence
  • Define what should be communicated when establishing and understanding with the client, including when nonattest services are provided for an attest client
  • Recognize the professional judgments made early in the audit that establish the foundation for a high quality and profitable engagement, including initial and group financial statement audit engagements

Major Topics

  • Engagement Acceptance/Continuance Decisions – Documentation requirements and key engagement risk considerations
  • Independence & Objectivity – Identifying threats and implementing appropriate safeguards to mitigate or eliminate them to comply with current professional and regulatory standards
  • Establishing an Understanding with the Client – What is important to communicate to clients and why, including scope of both non-attest and attest services and responsibilities of client management and accountants
  • Initial Audits – Special considerations of a successor auditor
  • Group Audits – Clarifying pre-engagement roles and responsibilities of group and component auditors in audits of group financial statements
  • Extensive illustrative examples will be used to reinforce a practical understanding of the most critical principles and standards that support a high-quality, insightful, and profitable engagement

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing


  • None

Advanced Preparation


Intended Audience

  • Anyone who is new to auditing or desires a refresher in how to perform effective and efficient financial statement audits for non-issuers in accordance with professional and regulatory standards.


Business Learning Institute

Purchase This Course

  • MACPA Member

    $ 75 75
  • MACPA Non-Member

    $ 90 90
    Your Price

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