Overview
This subscription includes eight individual sessions for a total of 16 CPE. You receive significant savings when purchasing these webinars as a subscription.Æ’? Each of the eight courses runs live once a month beginning May 1, 2024 through April 30, 2025. Register for these scheduled courses as your schedule allows - at no extra cost to you. Once registered for this subscription, log in instructions will be emailed to you separately for each individual course.Æ’? This subscription consists of a 16-hour audit skills curriculum for supervisory and managerial auditors, while it is also appropriate for anyone who has responsibilities by finding creative audit solutions. This series covers critical audit skills including fraud trends, designing internal controls, as well as management skills for coaching staff on conducting thorough audits.
Prerequisites
The first three subscriptions in the Audit Skills series or advanced auditing knowledge.
Objectives
After attending this subscription, you will be able to...
- Determine common ratios used to analyze and interpret financial results, focusing on areas such as profitability, liquidity, operating efficiency, and leverage
- Identify how to improve the use of analytic procedures to detect earnings management and other anomalies
- Determine how to leverage analytic procedures as audit evidence
- Identify how to draw conclusions from financial statement analysis
- Identify how to motivate teams for engagement success
- Recognize a process for engaging in difficult conversations
- Identify a process for giving constructive feedback and creating professional development plans
Highlights
The major topics that will be covered in this course include:
Course 1: Audit 401: Critical Traits of a Thinking Auditor
CPE: 2
Description: Critical Traits of a Thinking Auditor will provide tips and best practices for stretching experienced auditor past the basics in each of the three pillars of success. Those in charge of the day-to-day supervision of engagements need to consciously embrace and demonstrate characteristics that will enable him/her to transition to a firm leader. This includes a focus on three key pillars: financial success, retaining clients through superior client service, and developing other professionals.
Course 2: Audit 402: Audit Quality Control - Avoid Peer Review Issues
CPE: 2
Description: Audit Quality Control - Avoiding Peer Review Issues highlights the most important considerations for those at all levels of the engagement team with quality control responsibilities on audit engagements. Upper-level reviewers have significant responsibilities for ensuring high-quality audit engagements. Unfortunately, deficient audits have serious negative consequences for both the CPA firm and the profession as a whole.
Course 3: Audit 403: Fraud Trends - Applying Real-Life Lessons
CPE: 2
Description: Fraud Trends - Applying Real-life Lessons will focus on real-life and practical examples of fraud in smaller- and mid-size environments, including nonprofits. Fraud involves an intentional act to deceive, which may result in material misstatement in the financial statements due to fraudulent financial reporting or misappropriation of assets. Management's responsibility is to design, implement, maintain and monitor a system of internal control to prevent, or detect and correct, fraud.
Course 4: Audit 404: Maximizing Analytic Procedure Evidence on Audits
CPE: 2
Description: Maximizing Analytic Procedure Evidence on Audits will enhance an ability to read and interpret financial information as a critical audit skill. Financial statement auditors need to be able to analyze financial results to not only enhance audit quality, but to also improve client service through being a better business advisor.
Course 5: Audit 405: Designing Internal Controls for Smaller Entities
CPE: 2
Description: Designing Stronger Internal Controls for Small or Mid-Size Entities provide practical analysis and tips for how a reporting entity can manage financial reporting risk in an effective and efficient way. Internal controls are applied within an organization to satisfy objectives related to operations, compliance, and financial reporting. This module will also differentiate the auditor's responsibilities for internal controls under Sarbanes Oxley, Government Auditing Standards and Single Audit Act requirements.
Course 6: Audit 406: Auditing Revenue Recognition - Common Risks
CPE: 2
Description: Auditing Revenue Recognition will provide tips and techniques for obtaining sufficient and appropriate audit evidence to support conclusions related to accounting for revenues obtained from contracts with customers. Revenue recognition is presumed to be a significant risk for financial statement auditing purposes due to the increased risk of both fraud and error.
Course 7: Audit 407: Auditing Contingencies and Going Concern
CPE: 2
Description: Auditing Contingencies and Going Concern will provide tips and techniques for obtaining sufficient appropriate audit evidence to support conclusions related to contingencies and going concern uncertainty. Financial statements may contain significant uncertainties requiring special audit consideration for evaluating proper accounting and financial reporting treatment.
Course 8: Audit 408: Coaching Staff to Stay on the Right Track
CPE: 2
Description: Coaching Staff to Stay on the Right Track provides tips and techniques for critical coaching responsibilities. Being a successful coach requires tackling various responsibilities, including motivating, providing positive and constructive feedback, and otherwise getting the best performance out of engagement team members in the given situation.
Register Now
Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.
