How to Conduct an Audit Engagement ON DEMAND
Available Until
Your Desk
17.0 Credits
Member Price $391.00
Non-Member Price $450.00
Overview
The auditor needs to conduct audits as efficiently and thoroughly as possible. In this course, we describe every aspect of an audit engagement, including the engagement letter, audit planning, audit sampling, audit evidence, fraud considerations, audit documentation, auditor reports, and much more. Throughout, there is an emphasis on the practical aspects of auditing. This course is derived in part from the Statements on Auditing Standards.
Highlights
The client acquisition process. Audit objectives. The audit process. Engagement letters. Planning audit procedures. Audit sampling. Audit evidence. Analytical procedures. Auditing accounting estimates. Fraud considerations, and more.
Prerequisites
None.
Designed For
Auditors, CPAs, CFPs, CEOs, and other accounting professionals.
Objectives
Recognize the situations in which engagement risk increases. Identify the situations in which an auditor could be charged with negligence. Specify how to reduce audit risk to an acceptably low level. Define a material misstatement. Identify detection risk reduction strategies. Specify how to determine when an audit objective has been achieved. Recognize the different planning documents used in an audit. Recognize the activities involved in gaining an understanding of the client, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $450.00
Member Price $391.00