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Online Taking Responsibility for Your Financial Statements

Participants will earn 3.0 CPE Credits or 3.0 CEU credits

Field of Study: Accounting (Governmental)

This course is designed to provide an overview of the importance of internal controls over financial reporting, auditor and auditee responsibilities of an audit engagement, and how to use the Georgia Department of Audits and Accounts checklist as a control tool when preparing financial statements. 

 

Upon completion of the course, the participant will be able to:

  • recite audit requirements for Georgia local governments, schools, and the State of Georgia

  • identify the auditor and auditee responsibilities of an audit engagement

  • explain management's assertions regarding the recognition, measurement, presentation, and disclosure of information in the financial statements

  • identify the steps necessary to take responsibility for your financial statements

  • discuss the use of the Georgia Department of Audits and Accounts checklist as a control tool to review your entity's financial statements

  • define internal control

  • identify the components of a comprehensive framework of internal control and explain the importance of internal controls over financial reporting

  • recall the elements of audit findings

  • discuss the submission of audit reports

 

Prerequisites: Basic knowledge of accounting and auditing

Who should attend? This session is for anyone involved in preparing or auditing state and local financial statements

Advance Preparation: None

Program Level: Intermediate

Delivery Method: QAS Self Study

  • Final exam is required with a minimum score of 70%, one retest is allowed. Should you not pass the second attempt, you will be required to register for the course again.   

 

Complete the course's required online quizzes and exercises within 30 days of receiving the "Welcome" email with course URL, username and password information.

 

NASBA logoUniversity of Georgia, Carl Vinson Institute of Government, 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:  https://www.nasbaregistry.org


Contact

For more information regarding refund, concerns and program cancellation policies, please contact Suzette Arnold at the contact information listed.

Sessions

January 1, 2019 - December 31, 2020