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Audit Skills Training Lvl 1: Beginning Auditor Day 1 Webinar

CPE

When
Sept. 19
9:00 a.m. - 5:00 p.m.

CPE Credits
6-A&A; 2-Ethics

Details

 Pricing

PICPA Member: $299 | Nonmember: $399


 More Information

Course No.
ESAST118
Level
Basic
Prerequisites
None
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

Auditing Skills Training: Level 1 is a two-day course presented on 09/19/2022 and 09/20/2022. Information and skills taught on Day 2 rely upon foundational skills built in the Day 1 session. Attendance for both days of the course is highly encouraged in order to receive the full range of information being presented. If attending both days, register for Day 1 and Day 2. CPE credit for Regulatory Ethics will only be eligible for those who attend the Day 1 session for Audit Skills Training Level 1. CPE credit for Day 2 will count towards Auditing only. Learn the basic skills new staff need to hit the ground running and efficiently complete assigned tasks. This includes what new auditors are expected to know and do, factoring in the nature, timing, and extent of common audit procedures. Focus on why certain procedures are performed and perform typical procedures.

Learning Objectives:

After attending this presentation you will be able to...

  • Recall the foundational principles of the Code of Professional Conduct
  • Indicate the importance of maintaining professional skepticism
  • Distinguish the differences between varying levels of professional services
  • Identify minimum audit documentation requirements
  • Recognize the proper application of the audit risk model
  • List tips for evaluating the design and implementation of internal controls over financial reporting
  • Identify common risks and audit techniques for cash and PP&E, including leases
  • Recognize best practices for interviewing the client

Highlights

The major topics covered in this class include:

  • Code of Professional Conduct - Exploring the foundational principles underlying the CPA profession as a whole
  • Professional skepticism - Creating a mindset for finding fraud and error
  • Adapting to the engagement - Differentiating the requirements of preparation, compilations, reviews, and audits
  • Audit documentation basics - Creating workpapers that pass review
  • The audit risk model - Understanding the foundational principles
  • Internal control fundamentals - Satisfying the requirements for evaluating the design and implementation of internal control over financial reporting
  • Auditing cash and cash equivalents - Applying basic skills to the starting point of any audit
  • Auditing PP&E, including leases under Topic 842 - Digesting the risks of the improper treatment of tangible long-lived assets


Speaker(s)

Jennifer F. Louis, CPA Biography

 

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success.  In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training.  She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm.  Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP.  At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor.  Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting.  Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

 


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