Audit Skills Training: Level 3 – Experienced Staff- (Day 1 of 2) Webinar

• Explain how to properly safeguard independence when performing both attest and nonattest services
• Describe how to alter the nature, timing, and extent of audit procedures to be commensurate with assessed risk of material misstatement, including fraud risk
• Discuss how a proper evaluation of the design and operating effectiveness of internal control could impact assessed risk of material misstatement
• Explain significant risks such as revenue recognition and fair value of investments
• Draft complex footnotes and properly modify auditor reports for emphasis-of-matters
• Be familiar with the results of the numerous case studies, exercises, and illustrations that reinforce key learning points throughout the course

Highlights
Each module includes a lecture followed by in-class group case studies and activities. In this two-day course, the following two-hour modules will be presented:

• Day 1:
  • Code of conduct: Independence considerations when performing attest services
  • Fraud risk considerations: Assessing fraud risk in a financial statement audit
  • Risk-based audit concepts: Identifying and evaluating audit risk
  • Internal controls: Internal control testing for operating effectiveness
       
• Day 2 - register now:
  • Cash and investments: Auditing common investments
  • A/R and revenue: Auditing revenue recognition
  • Analytical procedures: Substantive analytic procedures
  • Financial statement reporting: Financial reporting complex issues