Audit Staff Essentials, Level 2: Experienced Staff

Authored by Joanne Flood, CPA-MBA
Program Description

This series discusses the planning of more complex, riskier audit areas and the supervision of engagements. We will take an in-depth look at understanding the entity and assessing risk and internal control design; and use of confirmations and sampling methods to gather audit evidence. The Audit Staff Essentials courses establish a strong set of skills necessary to grow the abilities and confidence of junior and senior level staff, allowing them to work through additional areas more independently.

Learning Objectives
  • Design an audit strategy and determine planning materiality
  • Perform procedures to obtain an understanding of your client and its environment
  • Use your understanding of the client and its internal control to assess the risk of material misstatement
  • Design further audit procedures, based on your risk assessments
  • Work withconfirmations and design them to be more efficient and effective
  • Design an effective sampling plan
  • Match the audit procedures typically performed in the accounts receivable area to the stated audit objectives and relevant assertions
  • Effectively review audit workpapers prepared by others
  • Match the audit procedures typically performed in the inventory area to the stated audit objectives and relevant assertions
  • Identify personality types and establish a more productive working relationship
Topics Discussed
  • Gaining an understanding of the entity, business environment and internal controls
  • Identifying controls related to risk assessment
  • Designing procedures related to internal controls
  • Confirmation procedures
  • Sampling requirements and general procedures
  • Aging of accounts receivable and the allowance for doubtful accounts
  • Risks surrounding inventory balances
  • Inventory observation design and execution
  • Workpaper review style and overall procedures
  • Introduction to personality styles and basic supervision concepts
Who will it benefit?
These courses establish a strong set of skills necessary to grow the abilities and confidence of junior and senior level staff, allowing them to work through additional areas more independently.
7 Course Bundle


$ 565.00
AICPA Member Price: $ 469.00

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NASBA Field of Study
Auditing
Accounting and Auditing
Level
Intermediate
CPE Credits
15.0
Prerequisites
None