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October 8 - 9, 2015 Live

Audit Staff Essentials – Level 3 – Audit Senior / In-Charge (E1510181)

8:30 AM - 4:30 PM EDT each day

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

16 CPE Credits in AA

OVERVIEW

Experienced staff take on an expanded role on engagements with more technical or advanced accounting and auditing topics. This course will provide discussion, examples and exercises that focus on the increasingly advanced topics that those staff with 1-2 years of experience will commonly be tasked with. From accounts receivable to inventory price testing and obsolescence, this course takes these types of widely used accounts into their more complex areas. Along with an application-based discussion of common account balances and transactions, the course discusses other topics key to a successful and well-rounded experienced staff member, including tasks such as risk assessment, sampling, engagement management and supervision, and working paper review.

DESIGNED FOR

Experienced audit staff.

BENEFITS

  • Recall the key skills related to engagement management and supervision
  • Identify the reason for working paper review and techniques to achieve the quality expected
  • Identify the key basic considerations of risk assessment and its effect on the audit
  • Recall the purpose, basic theory, and common procedures surrounding audit sampling
  • Identify the audit procedures typically performed by experienced staff in the following advanced areas and match them to stated audit objectives and relevant assertions: accounts receivable; debt; inventory; accrued expenses; stockholders’ equity

HIGHLIGHTS

  • Risk assessment
  • Engagement management and supervision
  • Working paper review
  • Sampling
  • Basic auditing procedures for areas commonly assigned to experienced staff members

COURSE LEVEL

Intermediate

PREREQUISITES

1-2 years of audit experience.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *This seminar is not eligible for the AICPA discount.
Help Feed Those in Need
  • The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.

INSTRUCTOR

Thomas Newell

Thomas E. Newell, CPA

AICPA/Professional Development Institute

Thomas E. Newell, Jr., CPA Newell and Newell, P.C. / Columbus, Georgia Thomas E. Newell, Jr. (Tom) is a shareholder in the firm of Newell & Newell, P.C., which is located in Columbus, GA. Tom started the firm with his wife, Silvia Newell, CPA in 1986. Prior to that, his public accounting experience included both local firms and international firms. Tom has performed hundreds of peer reviews and has been involved with the peer review program since 1989. Tom served on the Georgia Society (GSCPA) peer review committees from 1989 to 1993. In 1993, he was selected to be one of the technical reviewers for the Georgia Society Peer Review Program and served for nine years. During his time as technical reviewer, Tom worked with the GSCPA to move the peer review committee from in-person to online meetings. Tom has also served several years on the accounting and auditing committee at the Georgia Society. Tom has been a presenter at conferences and CPE courses for over 30 years. He has been a frequent presenter for the Georgia Society of CPAs at the Southeastern Accounting Show, Tax Forum (A&A topics), and the Accounting Institute. Tom is also a discussion leader for various continuing education courses on A&A topics for other state societies. He has made presentations at Fortune 500 companies and several government agencies on accounting and auditing, internal controls, and cybersecurity. As a presenter, Tom has been described as a dynamic speaker who is able to take a boring topic (accounting and auditing) and make it interesting. He was awarded the Surgent Outstanding Discussion Leader Award in 2015, 2016, and 2018, as a result of these skills. Tom was recognized in 2018 by the AICPA as an Outstanding Facilitator for his consistently high evaluations of knowledge and presentation skills. As the world of presentations has been changing, Tom has been a champion of moving to virtual presentations. He was involved in the early years of simulcasting by various state CPA societies, as well as the recording of video and audio self-study courses. Tom is now prepared for the next wave of change toward the totally virtual classroom that simulates a true live classroom experience. Tom graduated cum laude from Georgia Southwestern College in Americus, GA in 1980.

PRICING

$599.00 - Nonmember

$399.00 - Member

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs