This course moves experienced auditors beyond the basics. The session builds upon experiences with running engagements and provides insights and best practices on supervising, motivating, and evaluating team members. The course challenges experienced auditors to improve the effectiveness and efficiency of their audit engagements through exercises and case studies on common audit scenarios. It also provides an in-depth look at audit tasks typically performed by more experienced team members, such as evaluating design of controls, responding to risks, designing audit programs, and testing internal controls. MAJOR TOPICS:
The Supervision Competency
Advanced Topics in Audit Planning
Creating and Modifying Audit Programs
Designing Better Analytics and Tests of Controls
Identifying and Responding to Fraud Risks
Evaluating, Concluding, and Reporting
Introduction and Summary: Best Practices
COURSE LENGTH: Three Days To learn more please call 800-775-9866.
Define competency and list its components.
Identify critical auditing concepts to teach to engagement team members.
Evaluate audit procedures and analytics for effectiveness in achieving audit goals and efficiency opportunities.
Determine when to test operating effectiveness of controls, and design tests of internal controls.
Design tailored audit responses to fraud risks.
Design an audit approach based on the risks of material misstatement and identify common deficiencies in auditing revenue.
Evaluate misstatements and control deficiencies and perform required responses.
Identify the most significant challenges facing experienced in-charge auditors.
Prerequisites3-4 Years Experience
Advanced Preparation None
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