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Audit Skills Training: Level 2 - Staff Accountant

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Overview

<o:p> Level 2 prepares less-experienced staff for assuming a greater level of responsibility on engagements. Once staff have “gotten their feet wet” by participating on a few engagements, this course will help auditors thoughtfully reflect on their experiences and help to take basic knowledge to the next level. This course includes many real-life case studies for common audit areas assigned to staff in the first year. <o:p></o:p>

Each module includes a lecture followed by in-class group case studies and activities. In this two-day course, the following two-hour modules will be presented: <o:p></o:p>

  • Day 1:<o:p></o:p>
    • Compilations and reviews: Performing effective and efficient compilations and reviews<o:p></o:p>
    • A/R and revenue: Auditing accounts receivable, including external confirmation requirements<o:p></o:p>
    • Property, plant, and equipment: Auditing PP&E, including leases       <o:p></o:p>
    • Inventory: Auditing basic inventory - performing physical inventory observations <o:p></o:p>
  • Day 2:<o:p></o:p>
    • A/P, accrued expenses, and debt: Auditing liabilities, including debt classification and covenants<o:p></o:p>
    • Analytical procedures: Analytical procedure fundamentals used in an audit<o:p></o:p>
    • Sampling: Audit sampling fundamentals<o:p></o:p>
    • Financial statement reporting: Financial statement drafting and reporting fundamentals
</o:p>

Objectives

  • Perform effective and efficient compilations and reviews
  • Describe the fundamentals of strong analytical procedures on an audit
  • Explain the fundamentals of sampling for attribute testing and substantive purposes
  • Perform high quality audit procedures for common audit areas in nonpublic entities
  • Discuss the financial statement drafting and issuance process, including significant elements of the auditor’s report
  • Be familiar with the results of the numerous case studies, exercises, and illustrations that reinforce key learning points throughout the course

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Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

2AUD926

16 CPE Credits
Auditing: 16 Credits

Registration

Member Price:
$549
Non-member Price:
$749
    Register by September 5th for Early Bird Pricing.

    Registration is open through 09/25.

    Thursday, September 26th

    8:00am to 4:00pm
    (Check-In 7:30am)

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    Gratzer Education Center

    1735 Alliant Ave.
    Louisville, KY 40299

    Map and Directions

    Instructor

    James Myers