During the first session of the four-part comprehensive Audit Staff training events, newly onboarded staff members will receive fundamental knowledge essential not only for their initial engagements but also for their entire professional journey.
This program aims to lay the foundation for successful auditors and valuable members of the firm. It begins by presenting the audit process from a firm-oriented perspective rather than a purely academic viewpoint. Participants will gain insights into both in-firm and client dynamics, emphasizing the pivotal blend of core knowledge and interpersonal skills crucial for a long-lasting career in auditing. Beyond equipping auditors with the tools for early achievements within the firm, this course introduces concepts that are vital for continuous career growth. The rationale behind auditing standards and key accounting principles are explored in depth.
This Continuing Professional Education (CPE) training event is meticulously crafted to offer a comprehensive panorama of financial auditing practices in the United States. It spans a diverse array of subjects, encompassing the regulatory landscape, auditing standards, risk evaluation, audit planning and execution, as well as nurturing the interpersonal skills essential for staff auditors.Participants will delve into the pivotal role of staff auditors within audit teams, comprehending their significance and objectives.
The training event delves into the spectrum of auditing standards pertinent to the financial auditing sector, encompassing those set forth by the AICPA and PCAOB. The intricacies of risk assessment in auditing, including risk identification, assessment, and strategic response, will also be expounded upon.The training event methodically guides attendees through the intricacies of audit planning and execution, elucidating facets like audit scope, objectives, procedures, and the eventual reporting process.
Armed with this knowledge, coupled with insights from our offering "Audit & Assurance: Staff One," tailored for new staff, first-year audit team members will possess the requisite skills to adeptly carry out tasks characteristic of their level of experience.
Each attendee will receive 12 Auditing CPE Event Hours (YB). A certificate of completion will be provided.

Audit & Assurance: Staff One

$825.00

Quantity

Offered on Wednesday-Thursday once every six weeks in two six hour sessions for 12 CPE credits.

The sessions will run from 9:00 a.m. to 3:00 p.m. Central Time Zone. There will be a lunch break from 12:00 noon to 12:30 p.m. each day.

We can schedule private events on your timetable for two or more attendees.
Audit basics

New auditor’s role in an engagement

Key communication skills

Working papers and documentation

Audit risk model

Professional Skepticism
Improve the effectiveness of attendees by:

Understand the purpose of a financial audit.

Understand the phases of a financial audit and the different types of procedures performed during each phase.

Understand the functions of common working papers, including the trial balance, lead sheets, and financial statements.

Identify key soft skills and techniques of interpersonal behavior and communication.

Recall the basics of the audit risk model, including assertions.

Identify the purpose and importance of audit documentation and the fundamental audit principles and their application.
Introductions

Session 1: Introduction to Financial Auditing

Importance of external financial auditing

Objectives of independent financial auditing

Types of engagements & audits

Differences between internal and external auditing

Session 2: Audit Risk Model

Materiality

Resaonable Assurance

Inherent Risk

Control Risk

Detection Risk

Session 3: The Regulatory Environment

Overview of regulatory bodies in the USA

Roles of regulatory bodies

Session 4: Auditing Standards

Overview of auditing standards in the USA

Standards established by the AICPA

Standards established by the PCAOB

Session 5: Financial Audit Planning and Execution

The audit team

Steps involved in audit planning

Audit scope and objectives

Audit procedures

Audit evidence

Evaluation of audit evidence

Audit reporting

Session 6: Soft Skills

Interviewing using S.P.I.N. Methodology

Written Communications

Relationship Building

Subject Matter Experts

Continuous knowledge gain

Heathly Professional Skepticism

Session 7: Summary and Wrap-Up

Recap of financial auditing industry

Your Keys to Success!
This comprehensive Continuing Professional Education (CPE) event, the first in a series of four, is specially designed for newly onboarded audit staff members. It offers them a fundamental knowledge base that is not only crucial for their initial assignments but also for their entire professional journey.

The program's primary objective is to establish a solid foundation for successful auditors who will contribute significantly to the firm's growth. It takes a practical approach by presenting the audit process from a firm's perspective, bridging the gap between theory and real-world application. Participants will gain insights into the dynamics of both internal firm operations and client interactions, highlighting the essential combination of technical knowledge and interpersonal skills essential for a sustainable auditing career. Going beyond immediate success within the firm, this course introduces concepts vital for continuous professional advancement, including an in-depth exploration of auditing standards and key accounting principles.

Crafted with precision, this CPE training event offers a comprehensive overview of financial auditing practices in the United States. It encompasses a wide range of topics, including regulatory frameworks, auditing standards, risk evaluation, audit planning and execution, and the development of interpersonal skills essential for staff auditors. Attendees will gain a deep understanding of the pivotal role staff auditors play within audit teams and their associated responsibilities.

The training event delves into the spectrum of auditing standards pertinent to the financial auditing sector, incorporating those established by renowned bodies such as the AICPA and PCAOB. It also intricately explains the process of risk assessment in auditing, covering risk identification, assessment, and strategic response. The event provides a methodical guide to audit planning and execution, clarifying aspects such as audit scope, objectives, procedures, and the subsequent reporting process.

Equipped with this comprehensive knowledge, supplemented by insights from our tailored offering "Auditing & Assurance: Staff One," designed for new staff, first-year audit team members will possess the necessary skills to proficiently carry out tasks aligned with their level of experience.

Upon completion of the event, each attendee will be awarded 12 Auditing CPE Hours (Yearly Basis). A certificate of completion will be granted to acknowledge their participation and accomplishment.

Audit & Assurance: Staff One

Details on Event Presentation

CPE Event Highlights

Learning Objectives

Key Issues on the Agenda

NASBA Program Disclosure

Summary of the Subject Matter

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