Ensuring an Effective and Efficient Audit will focus on how to enhance engagement team brainstorming and discussions to leverage knowledge to create a high-quality and profitable audit approach. The biggest factors that lead to an effective and efficient financial statement audit are the properly identification, evaluation, and response to risk of material misstatement. Assessed risk of material misstatement leads to the generation of the nature, timing and extent of further audit procedures. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities in designing a risk-based audit plan. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
Upon completion of this course, you will be able to...
Apply engagement planning best practices for a high quality and profitable engagement
Link assessed risk of material misstatement to the detailed audit plan
Determine the most appropriate nature, timing and extent of audit procedures for maximum effectiveness and efficiency
Major Topics
The major topics covered in this course include:
Overview of the audit process
Linking risk of material misstatement to the detailed audit plan
Tailoring standard audit programs based on assessed risk
Engagement team discussion agenda items and best practices
Evaluating the appropriateness of audit evidence
Common efficiency considerations by audit area
CPE Credits Available
2 CPE
2
Auditing
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Prerequisites
Knowledge of the audit risk model
Advanced Preparation
This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.
Intended Audience
Accountants with responsibility for ensuring a high quality and profitable audit engagement.
.png){kind=logo}
