Last Updated on May 7, 2021 by thegiantreport
Learn the audit process from planning to audit report form a Certified Public Accountant (CPA).
Audit – Financial Statement
What you’ll learn
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What an audit engagement in and the objectives of the audit engagement
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How learning the audit process can enhance an accountants understanding of financial accounting concepts
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The general format and structure of a public accounting firm
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The general format and structure of an audit team
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How to plan an audit
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How to assess risk and use risk assessment in the planning process
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The concept of materiality and how it applies to audit planning and procedures
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Internal controls, tests of internal controls, and the role they play in the audit process
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Audit sampling procedures
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Substantive testing procedures
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Audit testing procedures related to the revenue process
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Audit testing procedures related to the purchasing process
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Audit testing procedures related to payroll and human resourses
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Audit testing procedures related to inventory
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Audit testing procedures related to prepaid expenses, intangible assets, & PP&E
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Audit testing procedures related to long term debt equity and cash
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The format of audit reportes
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The concepts of professional conduct and independents
Requirements
- Learners should have a basic understanding of accounting concepts and the double entry accounting system.
Who this course is for:
- Professionals working in public accounting
- Accounting students
- Accounting professionals who want to expand their understanding of accounting
- Accounting professionals who work with auditors
