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Audit Skills Training Lvl 2: Experienced Staff Day 2

Overview

Auditing Skills Training: Level 2 is a two-day course presented on 09/22/2022 and 09/23/2022. Information and skills taught on Day 2 rely upon foundational skills built in the Day 1 session. Attendance for both days of the course is highly encouraged in order to receive the full range of information being presented. If attending both days, register for Day 1 and Day 2. Prepare for a greater level of responsibility on engagements, reflect on your experiences, and take basic knowledge to the next level. Use real-life case studies to learn how to perform high-quality audit procedures for common audit areas in nonpublic companies.

Prerequisites

None

Objectives

After attending this presentation you will be able to...

  • Recognize the auditor's responsibilities for fraud
  • Recall best practices for identifying and evaluating audit risk
  • Identify risks and common techniques for auditing accounts receivable, inventory, liabilities, long-term debt, and more
  • Indicate the proper design and performance of analytical procedures on a financial statement audit
  • List tips for avoiding common mistakes when applying sampling on financial statement and compliance audits
  • Identify core concepts important for drafting and issuing audited financial statements, including disclosures

Highlights

The major topics covered in this class include:

  • Fraud risk - Complying with minimum audit requirements
  • Best practices for identifying and evaluating audit risk - Linking risk to the detailed audit plan
  • Auditing accounts receivable - Focusing procedures for testing existence and valuation
  • Auditing inventory - Performing required physical inventory observations and other common procedures
  • Auditing liabilities, including long-term debt - Addressing the risks of completeness, classification, and disclosure
  • Analytical procedures - Comprehending financial statement audit fundamentals
  • Sampling - Avoiding common mistakes on financial statement and compliance audits
  • Audit reporting fundamentals - Introducing core concepts in the audited financial statement drafting and issuance process

Event Code:

WX30124

Registration

Member Price:
$0
Non-member Price:
$0

Online registration for this course is currently closed. To register for this course, please call us at (800) 292-1754.

Friday, September 23rd

9:00am to 5:00pm

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