This series covers key areas to ensure auditors are well prepared to begin their careers. Courses focus on the areas of professional skepticism; internal controls; audit risk, materiality and financial statement assertions; auditing standards regarding fraud; auditing cash, fixed assets, accounts payable, debt and liabilities; and audit documentation. The Audit Staff Essentials courses establish a strong set of core skills necessary for junior staff growth.
- Understand professional skepticism and how to apply the attitude when evaluating audit evidence, performing audit procedures, and making client inquiries
- Recognize your responsibilities for detecting fraud in a GAAS audit
- Describe an overall framework for detecting material financial misstatements caused by fraud
- Understand the key steps involved in assessing and responding to risk in a financial statement audit
- Explain the purpose of audit documentation and apply the fundamental principles
- Learn and be able to implement audit procedures typically performed in the following areas and match them to stated audit objectives and relevant assertions:
- Accounts Payable and Accrued Expenses
- Long-term Debt
- Property, Plant and Equipment
- Professional skepticism and maintaining the public trust
- Fraud detection in a GAAS audit
- Risk assessment and introduction to internal control
- Auditing property, plant and equipment
- Audit documentation
- Auditing cash
- Auditing accounts payable and accrued expenses
- Auditing long-term debt
Who will it benefit?
New Staff covers key areas to ensure auditors are well prepared to begin their careers. The Audit Staff Essentials Level I courses establish a strong set of core skills necessary for junior staff growth.