Course Description

Learn the basic skills new staff need to hit the ground running and efficiently complete assigned tasks, including what new auditors are expected to know and do, including the nature, timing, and extent of common audit procedures. Focus on why certain procedures are performed and perform typical procedures.

Summary of Program Content (major topic headings):

• Professional skepticism – Creating a mindset for finding fraud and error
• Audit documentation basics – Creating workpapers that pass review
• The audit risk model – Understanding the foundational principles
• Internal control fundamentals - Satisfying the requirements for evaluating the design and implementation of internal control over financial reporting

Learning Objectives

• Identify the importance of maintaining professional skepticism
• Recognize critical elements of high-quality audit documentation
• Explore the characteristics of a proper risk assessment process linked to the detailed audit plan
• Discover how to satisfy the minimum requirements for evaluating the design and implementation of internal controls relevant to the audit

Prerequisites

• None