- NY Credits : 32.0
- TX Credits : 32.0
AuditWatch University - Level 1 Basic Staff Training (PUBLIC SEMINAR) (AWP1S)
To inquire about In-House Training, or other questions, call 800.775.9866.
Workpapers and Documentation – 2 Credits (Auditing). Explain the requirements of AU-C 230, Audit Documentation. Create, organize, and prepare audit workpapers.
Introduction to the Audit Plan – 2.5 Credits (Auditing). Describe the key phases of the audit plan. List basic requirements of risk assessment procedures. Discuss the objectives and contents of key planning forms. Identify ways auditors obtain evidence through the performance of accepted audit procedures.
Introduction to Internal Controls & Analytical Procedures – 4 Credits (Auditing). Describe the key components of internal controls and list the auditors’ responsibilities related to controls. Describe requirements and best practices for understanding, documenting and testing internal controls. Characterize the role of analytical procedures in audits and reviews. Identify the key steps in performing substantive analytics. Properly document an understanding of controls and substantive analytics.
Common Audit Areas – 16.5 Credits (9.5 Credits Auditing, 7 Credits Accounting). (Cash, A/R, PP&E, Inventory, A/P, Debt, Payroll.) Identify and explain the audit objectives and audit risks. Perform common audit procedures and explain how the procedures address documented risks and assertions.
Professionalism in Public Accounting – 3.5 Credits (1.5 Credit Communications and Marketing, 1 Credit Behavioral Ethics, 1 Credit Regulatory Ethics). List key characteristics of being successful in public accounting. Describe tips for professionalism in the role of a staff auditor. Identify common ethical challenges and potential responses.
Introduction and Summary: Best Practices– 2 Credits (Auditing). Describe the role of the staff auditor. Summarize the key learning points of the course. Brainstorm best practices for first-year staff.