Audit Staff Essentials, Level 1: New Hire

Authored by Joanne Flood, CPA-MBA
Program Description
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.
Learning Objectives
  • 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:
  • Cash
  • Accounts Payable and Accrued Expenses
  • Long-term Debt
  • Property, Plant and Equipment
Topics Discussed
  • 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.
8 Course Bundle


$ 565.00
AICPA Member Price: $ 469.00

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NASBA Field of Study
Auditing
Accounting
Accounting and Auditing
Level
Basic
CPE Credits
20.5
Prerequisites
None