Audit – Financial Statement

Audit – Financial Statement

Learn the audit process from planning to audit report form a Certified Public Accountant (CPA).

What you’ll learn

  • What an audit engagement in and the objectives of the audit engagement
  • How learning the audit process can enhance an accountants understanding of financial accounting concepts
  • The general format and structure of a public accounting firm
  • The general format and structure of an audit team
  • How to plan an audit
  • How to assess risk and use risk assessment in the planning process
  • The concept of materiality and how it applies to audit planning and procedures
  • Internal controls, tests of internal controls, and the role they play in the audit process
  • Audit sampling procedures
  • Substantive testing procedures
  • Audit testing procedures related to the revenue process
  • Audit testing procedures related to the purchasing process
  • Audit testing procedures related to payroll and human resourses
  • Audit testing procedures related to inventory
  • Audit testing procedures related to prepaid expenses, intangible assets, & PP&E
  • Audit testing procedures related to long term debt equity and cash
  • The format of audit reportes
  • The concepts of professional conduct and independents

Requirements

  • Learners should have a basic understanding of accounting concepts and the double entry accounting system.

Who this course is for:

  • Professionals working in public accounting
  • Accounting students
  • Accounting professionals who want to expand their understanding of accounting
  • Accounting professionals who work with auditors
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