Audit Staff Essentials Level 4: Experienced In-Charge/ Senior Staff

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
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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Monday, Dec 9, 2019 – Tuesday, Dec 10, 2019
8:45am – 4:30pm

This, the final of four comprehensive Audit Staff Essentials courses, focuses on the more advanced areas of the audit for new senior/in-charge staff and to provide guidance, examples and exercises to build the skills to successfully obtain the audit evidence necessary in these areas. In addition to the technical knowledge necessary, this course provides an overview of the common responsibilities of new senior/in-charge staff, including a deeper discussions on materiality review of risk assessment, understanding the entity, opening balances, group audit considerations, and review of interim financial information. In addition, the course will look more closely at the risk assessment process. This course will provide discussion, examples and exercises that focus on the increasingly advanced topics that senior/in-charge staff members will commonly be tasked with, including contingencies, revenue recognition, investments, intangible assets and financial reporting topics.

 

This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1121352 Click here for more details: https://www.mscpaonline.org/cpe/training_fund

Designed For

New in-charge and experienced audit staff

Course Objectives

When you complete this you will be able to:

  • Identify the key considerations and steps in the audit planning and approach process typically completed by an experienced in-charge/senior and the importance of project management and the different project phases of a financial statement audit.
  •  Recall the details of the more specific risk assessment concerns regarding audits, including consideration of group audits, related parties and using a client’s internal audit function.
  •   Identify the audit considerations and procedures typically encountered by a senior/in-charge staff in the following areas:
    • Fair value
    • Revenue recognition
    • Estimate
    • Other complex topics
  • Identify the key information and processes related to client financial reporting.

 

Major Subjects

  • Risk assessment
  • Service organizations
  • Engagement management and audit finalization
  • Overview of financial reporting

 

Prerequisites

2-3 years of audit experience

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