Fundamental Audit Strategies For Small And Medium-Sized Audits ON DEMAND
Available Until
Your Desk
11.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
In the realm of small and medium-sized audits, navigating the maze of accounting and auditing standards while ensuring profitability and quality can be a daunting task. This audit CPE course, led by Larry Perry with over 40 years of experience, provides an effective solution to these challenges. This course breaks down complex processes, focusing on key performance metrics that enhance operational efficiency. You will learn strategies to assess risk and material misstatement levels, giving you the tools to design and perform procedures that align with the planned evidence mix. This auditing CPE is not just about understanding audit strategies; it’s about mastering them to ensure your audits are both efficient and compliant, ultimately leading to increased quality and profitability in your practice.
Highlights
Audit strategies. Auditing cash. Auditing accounts receivable. Auditing inventories. Auditing investments. Auditing fixed assets. Auditing goodwill and intangibles. Auditing accounts payable and accrued expenses. Auditing income taxes. Auditing revenues. Auditing payroll and operating expenses.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers.
Objectives
Recognize the philosophies underlying cost-beneficial audit strategies for audits of small- to medium-size entities. Identify audit strategies for small audits that will comply with all applicable professional standards and achieve high levels of profitability. Recognize auditing procedures for small- to medium-size audits that result in both quality and efficiency. Recognize the importance of leadership involvement on all audits. Cite the relationship of audit risk, materiality calculations, and sampling decisions. Identify appropriate engagement completion procedures.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Larry Perry, AICPA In-House Training
With 40 years’ experience as a CPA, Larry is a nationally-known author of accounting and auditing manuals, a professional continuing education instructor and author, and a consultant to CPA firms. Larry practices in Colorado Springs, Colorado and has served primarily small business, religious and small non-profit organizations and other nonprofit organizations. Larry is co-founder of CPA Firm Support Services, LLC, an organization dedicated to meeting the needs of small to medium-size CPA firms. He is currently developing audit guides and practice aids for use on very small audits that comply with the risk assessment standards and, at the same time, create efficiencies by reducing the volume of forms, checklists and working papers.
Non-Member Price $113.00
Member Price $98.00