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Leveraging the Financial Statement Audit to Add Value to the Client (LFSA)
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Financial statement audit engagement teams must enhance engagement team audit risk brainstorming, client discussions, results of preliminary analytic procedures, and other audit evidence obtained in order to create a high-quality and profitable audit approach. In addition, in order to retain existing clients, lower fee pressures, and gain invaluable referral sources, financial statement auditors must also place a priority on being a value-added business advisor. This course provides proven tips

10/29/2015
When: 10/29/2015
7:00 AM - 3:00 PM
Where: Webcast/Webinar
Presenter: Jen Louis, CPA
Contact: April Deneault
801-834-6634

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Financial statement audit engagement teams must enhance engagement team audit risk brainstorming, client discussions, results of preliminary analytic procedures, and other audit evidence obtained in order to create a high-quality and profitable audit approach. In addition, in order to retain existing clients, lower fee pressures, and gain invaluable referral sources, financial statement auditors must also place a priority on being a value-added business advisor. This course provides proven tips and techniques for ensuring your firm has the capacity to grow and expand your "book of business" in a healthy way.
 

Objectives:

* Properly link the detailed audit plan to assessed risk of material misstatement * Explain how to anticipate and prevent issues that could negatively impact the client’s operations and financial reporting  * Discuss the importance of making value-added business advice to clients a priority  * Describe how to leverage substantive analytic procedures as audit evidence, but also to help the client with financial analysis * Discuss what differentiates your firm and its services from the competition, in order to retain existing clients and successfully market to prospective clients


 

Major Subjects:

* Tailoring the detailed audit plan based on risk assessments for a more effective and efficient audit * How to build trust with the client to be a better business advisor * Best practices for leveraging engagement team discussions to better understand the entity and its environment, identify risk of material misstatement, and provide value-added business advice * Detecting earnings management and others risks through analytic procedures * How to better connect with existing and prospective clients in order to build value perceptions and differentiate your firm from the competition * Explaining how to communicate financial results and analysis to the client * Tips for cross-selling services


Designed For:

Supervisors and above in public accounting who wish to learn how to leverage the time spent on the financial statement audit to become a value-added business advisor

Prerequisite: 

Experience in the audit function

 

Advanced Prep: None

 

Speaker: Jen Louis, CPA

Vendor: Surgent McCoy

Field of Study: Auditing (8)

Level: Advanced

CPE Credit: 8 Hours

Acronym: LFSA

 

Registration Fees:

$219

  

Register here


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