Audit Skills Training: Level 1 – New Auditors-(Day 2 of 2) Webinar

• Describe the most critical elements of the Code of Professional Conduct, including professional skepticism and
  
  independence
• Understand the desired traits of an entry-level auditor
• Discuss the primary difference in a financial statement auditor’s responsibilities compared to other services, such
  
  as compilations and reviews
• Explain the components of audit risk, which are necessary to reduce the risk that a financial statement auditor
  
  issues the wrong opinion
• Be familiar with the results of the numerous case studies, exercises, and illustrations that reinforce key learning
  
  points throughout the course

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- register now:
  • Code of conduct: Transitioning to the professional world
  • Traits of a star performer: Desired traits of entry-level auditors
  • Fraud risk considerations: Professional skepticism
  • Compilations and reviews: The nature of compilations, reviews, and audits
• Day 2:
  • Audit documentation and review: Audit documentation basics
  • Risk-based audit concepts: The basic audit concept
  • Internal controls: Internal control fundamentals
  • Cash and investments: Auditing cash and cash equivalents