ME190 Part 4 Introduction to Financial Reporting for MTS Appraisers: Surviving the Audit Review RECORDING

Description

Once a financial reporting valuation is completed, the project is not done. The work typically goes through an audit process. Navigating an audit can be demanding but mastering it is essential for every MTS appraiser. This webinar guides you through the entire audit review, clarifies the distinct roles of both reviewer and appraiser, and highlights strategies for building work files that withstand scrutiny.

Gain practical tips for eliminating audit “red flags” and discover why a solid draft report is so valuable in the financial reporting process. Whether improving documentation or learning how to approach reviewer feedback with confidence, this session equips attendees with best practices. 

Course Audience

Any MTS appraiser who performs valuations or wants to perform valuations for financial reporting.

General Webinar Information

Join ASA webinars via your Education Dashboard on the ASA website. In addition, this presentation will be recorded and made available post-webinar for purchase via the ASA Marketplace.

System Requirements

To ensure the best ASA webinar experience, be sure to download the Zoom app on your device before the webinar begins.

Continuing Education (CE) Information

This webinar will award 2.4 CE hours.

If you are a designated member of the American Society of Appraisers, CE credit will automatically be entered into your record ONLY if you participate in the live webinar. Please allow approximately 2 weeks post-webinar for ASA to notify participants via email regarding a certificate of completion.

• Describe the audit review process, the role of the reviewer and the role of the MTS appraiser
• Discuss best practices in work file development 
• Provide pointers on how to best navigate the audit review process and eliminate "red flags"
• Explain the importance and relevance of a draft report in the financial reporting valuation process

Some of the topics this webinar will cover include the following:

• Topics to include:
• Why are reports reviewed by the auditor?
• The Audit Review Process
• What is the Auditor's job in a review
• What is expected of you as an MTS appraiser
• Importance of a good work file
• Audit "red flags"
• How to make the audit review process go smoothly 
• Importance of a draft report