Surgent's Introduction to the Audit Process and Risk Assessment
Available Anytime
Location:
Online
2Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$119.00 Regular Price
Product Code: SU24-A1S2-SSWC
Level: Basic
Vendor: Surgent
Field of Study: Auditing
Overview:
Financial statement auditors are engaged to provide reasonable assurance that financial statements are not materially misstated, whether due to fraud or error. Professional standards require auditors to obtain sufficient and appropriate evidence to support that opinion. It is critical for effective and efficient auditors to have a clear understanding of all the important elements and concepts related to a financial statement audit. (Please Note: This module is part of Surgent's Audit Skills Training: Level 1.)Objectives:
- Identify key elements of the audit process
- Communicate the importance of professional skepticism and professional judgment
- Identify and perform basic risk assessment procedures
- Identify the linkage between the risk assessment procedures, team meeting, risk assessment summary, audit plan and further audit procedures
- Discuss the documentation requirements of AU-C 230 and AU-C 315
Major Topics:
- History of the financial statement audit
- Objective of a financial statement audit
- Audit Process and Linkage
- Management and the Auditor’s Responsibilities
- Evaluating Audit Risk
- Risk Assessment Process
- Risk Assessment Procedures
- Documentation
Designed For:
Professionals new to auditingPrerequisite:
NoneAdditional Info:
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For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email [email protected]. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.