Auditing Skills Training: Level 4 is a two-day course presented on 10/27/2022 and 10/28/2022. Information and skills taught on Day 2 rely upon foundational skills built in the Day 1 session.
DESIGNED FOR
Designed with auditors with 2-4 years experience
BENEFITS
After attending this presentation you will be able to...
- Identify tips for transforming to a better thinking auditor
- Recognize how to avoid peer review deficiencies
- List fraud trends impacting nonpublic entities
- Recall important considerations for designing internal control over financial reporting for nonpublic entities
- Identify common risks and techniques for auditing revenue recognition
- List tips for auditing the completeness and fair disclosure of contingencies and going concern uncertainty
- Indicate how to better coach staff to stay on the right track
HIGHLIGHTS
The major topics covered in this class include:
- Critical traits of a thinking auditor - Stretching experienced auditors beyond the basics
- Audit quality control - Avoiding peer review deficiencies
- Fraud trends - Applying real-life lessons to small- and mid-size entities
- Maximizing analytic procedure evidence - Adding value though useful financial statement analysis
- Internal controls to mitigate financial reporting risk - Designing stronger internal controls for small- or mid-size entities
- Auditing revenue recognition - Grasping the higher risks and special audit considerations
- Auditing contingencies and going concern uncertainty - Testing for completeness and proper disclosure
- Supervisor skills - Coaching staff to stay on the right track
PREREQUISITES
Experience in financial statement audits
ADVANCE PREPARATION
None