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Audit Staff Essentials, Level I - New Hire

Author/Moderator: Joanne Flood, CPA-MBA
Publisher: AICPA
Availability: Online Access
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Description

Available Formats:  On-Demand | See All

Audit Staff Essentials, Level I – New Hire 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.

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

Courses included:

Learning Objectives
Upon completion of this course, you will be able to:

  • 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

Prerequisite: 0-6 months experience

Advanced Preparation:  None

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Other Options

NASBA Field of Study: Accounting and Auditing
Level: Basic
Recommended CPE Credit: 20.5
Audit Staff Essentials, Level I - New Hire
Bundle
CPE On-Demand
Product# 159484
Availability: Online Access 1 Year
For registered users only
Regular:$565.00
AICPA Member:$469.00
Your Price:$565.00
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