This CPE course provides a basic overview of the audit process from start to finish. It will guide new staff members on pre-engagement activities all the way through procedures for finalizing an audit.
Learning Objectives
Recall the professional responsibilities for an auditor, as prescribed by generally accepted auditing standards (GAAS).;Identify the individual procedures that, collectively, represent the pre-engagement activities of an audit.;Identify additional key concepts and their importance, including assertions, materiality, and risk assessment.;Recall the individual procedures that, collectively, represent the majority of testwork performed during an audit.;Identify common procedures to finalize an audit.
Major Topics
Relevant professional standards;Defining professional responsibilities;Pre-engagement activities and client acceptance;Further audit procedures;Financial statements;Concluding procedures