Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Join
Audit Skills Training: Level 1 – New Auditors- Consecutive 2-Day Course (1AUD)
Tell a Friend About This EventTell a Friend
 

Level 1 focuses on the basic skill sets that new staff need to quickly master in order to 'hit the ground running,' while not overwhelming them with too much information all at once. This course explains the basics of what new auditors are expected to know and do, including the nature, timing and extent of common audit procedures.

10/4/2017
When: Wednesday, October 4, 2017
7:00:00 AM - 3:00:00 PM
Where: Webinar/Webcast
United States
Presenter: Jen Louis, CPA
Contact: April Deneault
801-466-8022


Online registration is closed.
« Go to Upcoming Event List  

Description:

Level 1 focuses on the basic skill sets that new staff need to quickly master in order to 'hit the ground running,' while not overwhelming them with too much information all at once. This course explains the basics of what new auditors are expected to know and do, including the nature, timing and extent of common audit procedures. This course will focus on 'why' certain procedures are performed, as well as 'how' to perform typical procedures expected of new staff. This course is critical in establishing the groundwork for the expectation that all staff should critically analyze and understand the underlying purpose of procedures, as well as how to effectively and efficiently complete assigned tasks.

NOTE: Participants must sign up for both consecutive days. Please check the registration calendar to find both complementary dates, which will run in consecutive order.

Subjects:

Each module includes a lecture followed by in-class group case studies and activities. In this two-day course, the following two-hour modules will be presented:

  • Day 1:
    • Code of conduct: Transitioning to the professional world
    • Traits of a star performer: Desired traits of entry-level auditors
    • Fraud risk considerations: Professional skepticism
    • Compilations and reviews: The nature of compilations, reviews, and audits
  • Day 2:
    • Audit documentation and review: Audit documentation basics
    • Risk-based audit concepts: The basic audit concept
    • Internal controls: Internal control fundamentals
    • Cash and investments: Auditing cash and cash equivalents

    Objectives:   

  • Describe the most critical elements of the Code of Professional Conduct, including professional skepticism and
    independence
  • Understand the desired traits of an entry-level auditor
  • Discuss the primary difference in a financial statement auditor’s responsibilities compared to other services, such
    as compilations and reviews
  • Explain the components of audit risk, which are necessary to reduce the risk that a financial statement auditor
    issues the wrong opinion
  • Be familiar with the results of the numerous case studies, exercises, and illustrations that reinforce key learning
    points throughout the course

Design For:

New auditors with limited practical experience on audits

Membership Management Software Powered by YourMembership  ::  Legal