Audit Staff Essentials - New Staff: Practical Application

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  • Location
    • Your Space
      Your Space
      Self Study - AICPA, ID 00000
  • Credits
    • 19.00
  • Credit Type(s)
    • Auditing (19.00)
  • Prerequisites
    • None

  • Vendor
    • AICPA
  • Level
    • Basic
  • Fields of Study
    • Auditing
  • Message
    • When & Where You Want

Description

This multicourse training bundle focuses on enhancing first-year audit staff's practical skillset. It covers internal controls, fraud considerations, analytical procedures, and more. This is a companion course to New Staff: Core Concepts.

Designed For

  • Recently onboarded staff
  • First-year staff
  • Firms that want consistent training and level setting

Objectives

  • Recall the basics of internal control, including using the work of others.
  • Identify the key concerns regarding fraud considerations in a GAAS audit.
  • Recall the purpose and procedures regarding analytical procedures and their use in an audit.
  • Identify the potential of audit data analytics and areas where these procedures can be effective.
  • Identify the audit procedures typically performed by new staff in the following areas:
  • Cash and cash equivalents
  • Accounts receivable
  • Inventory
  • Prepaid and other current assets
  • Property, plant, and equipment
  • Accounts payable
  • Debt

Highlights

  • Internal controls
  • Fraud considerations
  • Analytical procedures
  • Basic auditing procedures for areas commonly assigned to new staff members

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