AuditWatch - The Profession's Premier Training and Consulting Team

AuditWatch University Level 1: Basic Staff Training


Course Details
Duration: Four Days
Prerequisite: 0-4 Months Experience (new auditors with no busy-season experience)
Level of Instruction: Basic
Delivery Method: Group-Live
CPE Credits: 32 Credits (7 Accounting, 22 Auditing, 1 Communications & Marketing, 1 Behavioral Ethics, 1 Regulatory Ethics)
Advanced Preparation: None
Registration: To register for a public course, visit our Course Schedules page.

To inquire about In-House Training, or other questions, call +1 800 775 9866

This session helps new auditors get off to a great start, introducing them to the auditing field and basic audit responsibilities. The course includes case studies in common audit areas typically completed by staff accountants and provides an overview of how each area fits into the big picture.

Learning Objectives by Module
After the session, participants should be able to:

Services and Responsibilities — 1.5 Credits (Auditing)

  • Describe key differences between types of engagements (audits, reviews, compilations and preparations) and the performance of accounting services
  • Recognize the purpose of an audit
  • Distinguish between attest procedures and assurance procedures
  • More confidently execute your role and responsibility as an effective engagement team member

Workpapers and Documentation — 2 Credits (Auditing)

  • Explain the requirements of AU-C 230, Audit Documentation
  • Create, organize, and prepare audit workpapers

Introduction of the Audit Plan — 2.5 Credits (Auditing)

  • Describe the key phases of the audit plan
  • List basic requirements of risk assessment procedures
  • Discuss the objectives and contents of the key planning forms
  • Identify ways auditors obtain audit evidence through the performance of accepted audit procedures

Introduction to Internal Controls & Analytical Procedures — 4 Credits (Auditing)

  • Describe the key components of internal controls and list the auditorsí responsibilities related to controls
  • Describe requirements and best practices for understanding, documenting and testing internal controls
  • Characterize the role of analytical procedures in audits and reviews
  • Identify the key steps in performing substantive analytics
  • Properly document an understanding of controls and substantive analytics

Common Audit Areas — 17 Credits (10 Credits Auditing, 7 Credits Accounting)
Cash, A/R, PP&E, Inventory, A/P, Debt. Payroll

  • Identify and explain the audit objectives and audit risks
  • Perform common audit procedures and explain how the procedures address documented risks and assertions

Professionalism in Public Accounting — 3 Credits (1 Credit Communications and Marketing, 1 Credit Behavioral Ethics, 1 Credit Regulatory Ethics)

  • List key characteristics of being successful in public accounting
  • Describe tips for professionalism in the role of a staff auditor
  • Identify common ethical challenges and potential responses

Introduction and Summary: Best Practices — 2 Credits (Auditing)

  • Describe the role of the staff auditor
  • Summarize the key learning points of the course
  • Brainstorm best practices for first-year staff


Video ClipAuditWatch University Level 1: Basic Staff Training
Christopher K. Martin, CPA, and Ericka Racca, CPA, CIA, discuss the AuditWatch University Level 1: Basic Staff Training.
View Video >>

For more information regarding refund, complaint, and program cancellation policies, please contact our office at +1 800 775 9866.

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Course Schedule

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