Audit Efficiency Best Practices – 6 Credits (Auditing). Describe and teach basic audit concepts to staff. Perform more efficient and effective engagements. Share ideas with your firm and with your teams to look at engagements in different ways.
Recognizing Financial Reporting, Auditing & Accounting Issues – 2 Credits (1 Credits Auditing, 1 Credit Accounting). Recognize when complex technical issues might indicate a risk of material misstatement on your audits. List and describe ways to identify technical auditing and accounting issues early to improve efficiency on engagements. Identify and respond to fraud and other audit risks.
Attest Services for Smaller Entities – 1 Credit (Auditing). List and describe considerations as a reviewer for Review, Compilation and preparation engagements. Understand engagement and reporting differences for Special Purpose Frameworks of accounting. Discuss efficiency considerations related to Compilations, Reviews, Preparation and Special Purpose Framework engagements.
Advanced Topics in Audit Sampling – 2.5 Credits (Auditing). Evaluate sampling working papers for efficiency and effectiveness. Define the sampling unit. Recognize stratification rules and techniques. Evaluate errors and assess sampling risk. Contrast and compare substantive, internal controls and attribute sampling methods.
Group Audits – 1 Credit (Auditing). Identify audits subject to the requirements of AU-C 600. Recognize group auditor responsibilities when making reference and when assuming responsibility for the work of component auditors.
Project Management Tools for Auditors – 6 Credits (3 Credits Auditing, 3 Credits Personal Development). Define the common phases of a project in the public accounting environment. List actions and strategies for better management of your audits and projects. Understand tools to better communicate project status.
Introduction to Presentations – 2 Credits (Communications and Marketing). List the characteristics of effective presenters. Develop presentations for delivery to client management and audit committees. Identify common presentation crutches and shortfalls.
General Audit and Completion Procedures – 2.5 Credits (Auditing). Apply advanced concepts in performing General Auditing Procedures. Recognize requirements related to commitments, contingencies, related parties, subsequent events, going concern, and more.
Introduction and Summary: Best Practices – 1 Credit (Auditing). Identify ways in which the audit can be improved from both efficiency and quality perspectives. Identify ways in which the management of the engagement can be improved. Summarize the key learning points of the course.