HEAF25: Management Letter Received: Now What?

The audit is sometimes viewed as a "check the box" activity that often takes a back seat to other priorities. The ever evolving and complex accounting and regulatory landscape coupled with constraints on your audit firm’s time and resources often set the stage for a chaotic audit experience. This presentation will focus on simple, yet effective strategies to reduce the risk of a subpar management letter or delays in audit finalization. The presenters will provide best practices for responding to audit requests and strategies on how to effectively communicate with the auditors. They will also cover common management letter comments from our work with several dozen higher education audit clients and simple, cost-effective strategies to mitigate those internal control comments. 

CPE Available: 1 Credit in Auditing

Each individual must register and attend separately to earn credit.

NACUBO 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 www.nasbaregistry.org

Event Information

• Level: Intermediate
• Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
• Advanced Preparation: None
• Delivery Mode: Group internet based
• Field of Study: Auditing
• Length: 60 minutes

Steps to Earn CPE Credit

You can only earn credit for attending the session live. CPE credit cannot be earned for watching the recordings.

To earn CPE credit, you will complete the following tasks under the Content tab, after the session has ended:

1. Pass the CPE codeword quiz. Write down the codewords posted in the Zoom chat at random times throughout the session and complete the quiz at the end of the session. 
2. Submit the CPE check-out code displayed at the end of the session. 
3. Download your CPE certificate. 

You have until 5 pm Eastern Time on Wednesday, May 1 to complete these three steps or report technology issues with this site to online@nacubo.org.

For more detailed instructions, review the CPE Instructions page.