Recommended experience 0-4 months (new auditors)
CPE Credit: 32 hours (7 Accounting, 23 Auditing and 2 Communication)
Delivery Method: Group Live
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Objectives
Helps new auditors "get off on the right foot". Explains what they will be expected to do and how to approach their basic audit responsibilities. Includes case studies on common audit areas and internal controls testing, including understanding how all the various pieces fit together into the "big picture".
Major Modules
Role of the Staff Auditor
AuditWatch 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site www.nasba.org.
CPE Credit: 32 hours (7 Accounting, 23 Auditing and 2 Communication)
Delivery Method: Group Live
Program Level: Basic
Prerequisites: None
Advanced Preparation: None
Objectives
Helps new auditors "get off on the right foot". Explains what they will be expected to do and how to approach their basic audit responsibilities. Includes case studies on common audit areas and internal controls testing, including understanding how all the various pieces fit together into the "big picture".
Major Modules
Role of the Staff Auditor
- Characteristics of the best performers
- Differences in audits, reviews and compilations
- Attest services vs. bookkeeping assistance
- What to expect on your engagements
- Defining audit evidence, and how to gather it
- Creating audit documentation (organization, preparation)
- The basics of the audit plan, including an introduction to understanding the entity and its internal controls and other risk assessment procedures
- Introduction to key practice aids and work papers (information gathering, risk assessment, materiality, etc.)
- How to properly use information in the general file and audit programs
- Typical procedures for staff auditors (walkthroughs, checklists, control tests, etc.)
- What analytics are, and how to perform them
- Basic risks and things to watch out for
- How to perform common audit procedures, including case studies
- Keys to great listening
- How to interview the client to gather information
- Orientation to the field of Public Accounting, including discussion of the expectations of a staff accountant
- Basic terms used in the industry
AuditWatch 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site www.nasba.org.
