Self-Study

Audit Staff Essentials - Experienced Staff/New In-Charge

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 19
    CREDITS
    Accounting & Auditing

Level 3 of this four-part Audit Staff Essentials curriculum develops new skill sets for staff with 2-3 years of experience. This curriculum helps your firm excel in the audit arena by standardizing knowledge and processes throughout your staff, and providing the technical skill and conceptual expertise that allows your audit practice to meet the highest audit quality standards.

This level provides information and best practices that focus on increasingly advanced audit topics. From broad concepts such as materiality and audit risk, through application-based discussions of topics such as contingent liabilities, investments, intangible assets and goodwill, to review of the working papers and summarizing the audit, this program provides the comprehensive coverage needed for a well-rounded audit staff. Additionally, this module looks at many facets of controls gathering evidence, testing, timing, identifying gaps, assessing deficiencies and substantive procedures, including design, follow-up, and tests of details.

Objectives

Identify and perform the core responsibilities of the in-charge auditor, including materiality, risk assessment, and audit strategy.
Effectively test controls, including gathering evidence of effectiveness, assessing deficiencies, and communicating findings.
Design and perform substantive procedures, including substantive analytical procedures and substantive tests of details.

Highlights

Risk assessment
Engagement management and supervision
Working paper review
Investments
Intangible assets and goodwill
Sampling

Additional Information

Designed For

Experienced Staff
New In-Charge Auditors

Vendor

American Institute of CPAs

Credits

19.00 Accounting and Auditing

Course Number

19AIS217

Level of Knowledge

Intermediate

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