Auditing Fundamentals
In this course, you'll gain a comprehensive understanding of the auditing process, including the latest techniques and tools used by ...
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The course covers a range of topics, including:
- The Role of Auditors: Students will learn about the role of auditors, including the responsibilities of internal and external auditors, and the importance of auditor independence.
- The Audit Process: Students will learn about the audit process, including the planning, execution, and reporting stages, and the role of auditing in the financial reporting process.
- Auditing Standards: Students will learn about the regulations and standards that guide the auditing profession, including the Generally Accepted Auditing Standards (GAAS), the International Standards on Auditing (ISA), and the Sarbanes-Oxley Act.
- Internal Controls: Students will learn about internal controls, including the design and implementation of internal control systems, and the assessment of internal control effectiveness.
- Financial Statement Audits: Students will learn about financial statement audits, including the testing of financial statements, the detection of fraud, and the assessment of financial statement risk.
By the end of the course, students will have a thorough understanding of auditing fundamentals, and the knowledge and skills necessary to succeed in this field. Whether you’re a seasoned professional or just starting out, this course will provide you with the practical, actionable knowledge you need to advance your career.
Features of this course
- Overview of Auditing: Participants will gain an understanding of the purpose and objectives of an audit, as well as the different types of audits that can be performed.
- Audit Planning and Preparation: This section covers the steps involved in planning an audit, including risk assessment, identifying areas of focus, and preparing the audit plan.
- Audit Execution: Participants will learn about the various methods used to gather and analyze audit evidence, including substantive testing and control testing.
- Audit Reporting: This section covers the preparation of the audit report, including writing the audit opinion and communicating audit results to stakeholders.
- Auditing Standards: Participants will learn about the various auditing standards that must be followed, including International Auditing Standards (IASs), International Standards on Auditing (ISAs), and the Institute of Management Accountants (IMA) standards.
- Ethics and Professional Responsibility: Participants will learn about the ethical considerations that must be taken into account during the audit process and the professional responsibilities of auditors.
- Case Studies and Practice Exercises: Throughout the course, participants will engage in a variety of hands-on activities, including case studies and practice exercises, to reinforce their learning and help them develop their audit skills.
Target Audience
This course is suitable for entry-level auditors, aspiring auditors, and accounting professionals who are looking to broaden their knowledge of auditing concepts and best practices. The course is also beneficial for individuals who are looking to take their certification exams, such as the Certified Public Accountant (CPA) exam, as it covers essential topics that are relevant to the examination. Additionally, business owners, financial managers, and internal auditors can also benefit from this course by gaining a better understanding of the auditing process and the role it plays in ensuring the accuracy and integrity of financial statements.
Introduction
The Audit Process
Auditing Standards
Internal Controls
Learning Outcome
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Course details
Duration
1 CPE Hour
Lectures
16
Quizzes
1
Level
Beginner
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