Audit Staff Essentials Level 2 - Practical Application

The start date for this course has passed. Registration is no longer available.

This course is 16.00 credits
Facility Name
Four Points by Sheraton Wakefield
Facility Address
1 Audubon Rd
Wakefield, MA 01880-6226
Fields of Study
Accounting, Auditing, Staff Training
Course Level
American Institute of CPAs

Registration Fees

MSCPA Member
AICPA Member
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Thursday, Oct 3, 2019 – Friday, Oct 4, 2019
8:45am – 4:30pm

In this, the second of four comprehensive Audit Staff Essentials courses, first year staff will be provided with the foundational knowledge they will need to be successful, not only on their first few engagements, but throughout their careers. Designed as the companion course to our New Staff: Core Concepts this course focuses on the skills and knowledge needed to perform the duties commonly assigned to first year audit staff members. Along with insight related to the audit process, this course includes considerations associated with the following -

  • internal controls
  • substantive testing
  • financial statement captions
  • fraud considerations
  • analytical procedures
  • and much more!

This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1121293 Click here for more details:

Designed For

First year auditors

Course Objectives

When you complete this course you will be able to:

  • Recall the basics of the internal control, including using the work of others
  • Identify the key concerns regarding fraud considerations in a GAAS audit
  • Recall the purpose and procedures regarding analytical procedures and their use in an audit.
  • Identify the audit procedures typically performed by New Staff in the following areas and match them to stated audit objectives and relevant assertions:
    • Cash and cash equivalents
    • Accounts receivable
    • Inventory
    • Prepaid and Other Current Assets
    • Property, Plant and Equipment
    • Accounts Payable
    • Debt

Major Subjects

  • Internal Controls
  • Fraud considerations
  • Analytical procedures
  • Basic auditing procedures for areas commonly assigned to new staff members
  • Professional Skepticism

The start date for this course has passed. Registration is no longer available.