Description
This CPE course provides a basic overview of the audit process from start to finish. It will guide new staff members on pre-engagement activities all the way through procedures for finalizing an audit.
Designed For
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Objectives
- Recall the professional responsibilities for an auditor, as prescribed by generally accepted auditing standards (GAAS).
- Identify the individual procedures that, collectively, represent the pre-engagement activities of an audit.
- Identify additional key concepts and their importance, including assertions, materiality, and risk assessment.
- Recall the individual procedures that, collectively, represent the majority of testwork performed during an audit.
- Identify common procedures to finalize an audit.
Highlights
- Relevant professional standards
- Defining professional responsibilities
- Pre-engagement activities and client acceptance
- Further audit procedures
- Financial statements
- Concluding procedures