Audit Staff Essentials Level 3: Experienced Staff/ New In-Charge

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

This course is 16.00 credits
Facility Name
Forefront Center for Meetings & Conferences
Facility Address
404 Wyman St
Waltham, MA 02451-1212
Fields of Study
Accounting, Auditing
Course Level
Intermediate
Vendor
American Institute of CPAs

Registration Fees

MSCPA-AICPA Member
$595.00
MSCPA Member
$595.00
AICPA Member
$695.00
Non-Member
$695.00
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Wednesday, Oct 23, 2019 – Thursday, Oct 24, 2019
8:45am – 4:30pm

This, the third of four comprehensive Audit Staff Essentials courses, continues to build on the knowledge first year staff have attained through experience and our two-part New Staff courses. Experienced staff take on an expanded role on engagements with more technical or advanced accounting and auditing topics. This course will provide discussion, examples and exercises that focus on the increasingly advanced topics that those staff with 1-2 years of experience will commonly be tasked with. From accounts receivable, to inventory price testing and obsolescence, this course takes these types of widely used accounts into their more complex areas. Along with an application based discussion of common account balances and transactions, the course discusses other topics key to a successful and well-rounded experienced staff member, including tasks such 
as risk assessment, sampling, engagement management and supervision, and working paper review.

 

This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1121328 Click here for more details: https://www.mscpaonline.org/cpe/training_fund

Designed For

Experienced audit staff

Course Objectives

When you complete this you will be able to:

  •  Recall the key skills related to engagement management and supervision.
  •  Identify the reason for working paper review and techniques to achieve the quality expected.
  • Identify the key basic considerations of risk assessment and its effect on the audit.
  •  Recall the purpose, basic theory, and common procedures surrounding audit sampling.
  • Identify the audit procedures typically performed by Experienced Staff in the following advanced areas and match them to stated audit objectives and relevant assertions:
    • Investments
    • Intangible Assets and Goodwill
    • Going Concern

 

Major Subjects

  • Risk Assessment
  • Engagement management and supervision
  • Working paper review
  • Sampling
  • Basic auditing procedures for areas commonly assigned to experienced staff members

 

Prerequisites

1-2 years of audit experience

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