What You’ll learn

The vibrant community of auditing professionals is pushed to specialize in areas like risk assessment, fraud detection and prevention, and setting up internal auditing. To achieve the best sought-after specialization in the competitive landscape, join this course that provides you with much-needed guidance that is aimed towards ensuring compliance, advanced audit techniques, and data analytics to uncover valuable insights. Grab the opportunity to advance your career and drive organizational excellence.

Get Deeper Understanding of:

Internal controls and testing its effectiveness to ensure operational effectiveness.
Fundamental principles of the audit risk model.
Creating a mindset to find fraud and errors.
Becoming an exceptional staff auditor.

Recommended For:

This certificate course is designed to help professionals in the auditing domain such as CPA, CIA, CFF, CFE, and Others who want to maintain their focus on the advanced areas of auditing. The certification offers valuable insight for professionals at the start of their career to explore the specialization area and choose their path of career.
The certification helps aspiring professionals who want to understand the roles, responsibilities, and complexities an auditor has to deal with. It also provides an overview of the auditing profession landscape and the way it is growing.
The certificate course can be very helpful to business owners, entrepreneurs, other professionals, and anyone else who wants to understand the growing compliance and risk management that the auditing profession is required to cover. It also helps clarify their role in supporting auditing professionals to achieve their objectives.

Why take “Certified Audit Performance Specialist (CAPS)” with myCPE?

Resources included

Handout PDFs for every Module
Glossary/Key Terms for every Module
Q&A directly with instructors.

Career Opportunities

Internal Audit Specialist
Fraud Analyst
Director Internal Control
Senior Audit Analyst
Compliance and Risk Consultant
Financial Reporting Analyst

Value Addition to your skills

Critical thinking skills
Decision-making skills
Planning and Organization skills
Problem-solving skills
Analytical skills
Attention to detail

Courses

Course Title	Time
1. Adapting To The Engagement – Differentiating The Requirements Of Preparations, Compilations, Reviews, And Audits	2.5 Hours
To discuss how to avoid litigation risk in bookkeeping services, and the basis and requirements for a compilation contrasted with preparing financial statements. To discover special purpose frameworks and other issues, and describe the basis and requirements for a review. To explore the basis and fundamental requirements for an audit.
2. Advanced Audit Planning Concepts - Ensuring an Effective and Efficient Audit	2.5 Hours
To explain engagement planning best practices for high-quality and profitable engagement. To analyze how to link the assessed risk of material misstatement to the detailed audit plan. To recognize and determine the most appropriate nature, timing, and extent of audit procedures for maximum effectiveness and efficiency; and know audit planning and materiality.
3. Audit Documentation – Creating Work Papers That Pass Review	2.5 Hours
To discuss the minimum documentation requirements of the audit standards, and explore tips and techniques for self-review. To recognize and describe common work paper deficiencies. To explore and explain how to prepare work papers in proper form.
4. Testing Internal Controls: Exploring Strategies for Verifying Operating Effectiveness	3 Hours
To discuss generally accepted audit requirements related to testing controls for operating effectiveness, and explain how to evaluate the results of a control reliance test for operating effectiveness. To describe the use of Service Organization Control (SOC1) Reports on a financial statement audit. To identify the impact of a control reliance strategy on the detailed audit plan.
5. Internal Control Fundamentals for Audit Requirements	2.5 Hours
To describe how to properly obtain an understanding of the entity and its environment, including internal control to properly assess the risk of material misstatement. To discuss the COSO Internal Control-Integrated Framework, and explain important considerations in documenting a systems description narrative. To describe how to evaluate internal control design and implementation for deficiencies; and analyze how to apply insights to the process of assessing the risk of material misstatement.
6. Internal Controls to Mitigate Financial Reporting Risk: Designing Stronger Internal Controls for Small- or Mid-Size Entities	3 Hours
To discuss the evolution of internal control through the decades, and explore the revamped 2013 COSO Internal Control-Integrated Framework. To identify special considerations for internal controls in a smaller-entity environment. To explain important varying audit considerations, such as Sarbanes-Oxley, Government Auditing Standards, and Single Audit Act requirements.
7. Internal Control Deficiencies and Other Matters: Adding Value Through Required Auditor Communications	3 Hours
To discuss what, when, and to whom to communicate identified deficiencies in internal control during the financial statement audit. To explore how to categorize the severity of identified deficiencies, and how to draft written communications in a way that increases the likelihood of corrective actions. To recognize the importance of making value-added business advice to clients a priority, and explore anticipating and preventing issues that could negatively impact clients.
8. The Audit Risk Model: Understanding Foundational Principles	2.5 Hours
To discuss the basis for an audit, and explore the auditor's professional responsibilities. To describe important audit concepts and explore the foundational principles of the audit risk formula. To discuss considerations when identifying and assessing the risk of material misstatement.
9. Best Practices for Identifying and Evaluating Audit Risk – Linking Risk to the Detailed Audit Plan	2.5 Hours
To explain the importance of risk assessment to a high-quality audit, and describe the audit risk formula. To recognize and discuss the steps and best practices of an effective risk assessment process. To identify and link risk to a detailed audit plan.
10. Professional Skepticism: Creating a Mindset for Finding Fraud and Error	3 Hours
To discuss the traits of a skeptical auditor, and explore applying professional skepticism to any assurance service. To explore fraud, examples of fraud indicators, and the auditor's responsibility for identifying and responding to fraud in financial statement audits. To analyze tips for maintaining professional skepticism.
11. Sampling - Avoiding Common Mistakes On Financial Statement And Compliance Audits	2.5 Hours
To discuss generally accepted audit requirements related to sampling applications, and recognize various attributes testing for tests of controls or compliance from sampling for substantive assurance in tests of details. To differentiate between various attribute testing for tests of controls or compliance from sampling for substantive assurance in tests of details. To explore special considerations related to testing in compliance audits performed in accordance with Uniform Guidance, and identify common sampling-related audit deficiencies and how to avoid them.
12. Analytical Procedures – Comprehending Financial Statement Audit Fundamentals	2.5 Hours
To identify and link preliminary analytical review results to assessed risk of material misstatement, and explore performing a final overall analysis of audit results. To recognize audit standard requirements and design typical substantive analytical procedures. To identify quality control deficiencies in substantive analytic procedures.
13. Substantive Analytic Procedures – Strengthening Evidence To Satisfy Audit Objectives	2.5 Hours
To discuss how analytic procedures can enhance audit quality, and explore elements of strong analytic procedures. To identify and describe tips for improving documentation of the design, documentation, and evaluation of substantive analytic procedures. To discover and discuss factors impacting the development of expectations and evaluation of results of substantive analytic procedures.
14. Maximizing Analytic Procedure Evidence - Adding Value through Useful Financial Statement Analysis	2.5 Hours
To discuss common ratios used to analyze and interpret financial results, focusing on areas such as profitability, liquidity, operating efficiency, and leverage. To explore how to improve the use of analytic procedures to detect earnings management and other anomalies. To recognize the analytical procedure in the audit, and how to leverage it as audit evidence.
15. Reviewing Workpapers: Embracing Responsibilities for Quality Control	3 Hours
To discuss documentation as a means of audit quality and explore the critical responsibilities of a first-level reviewer. To describe common review notes at various phases of the audit, and discuss the minimum documentation requirements of the audit standards. To discuss tips and techniques for self-review, describe common work paper deficiencies, and explore how to prepare work papers in proper form.
16. Audit Reporting Fundamentals - Introducing Core Concepts in the Audited Financial Statement Drafting and Issuance Process	2.5 Hours
To discover and discuss the inter-relationship of basic financial statements & disclosures, and explore the financial statement drafting and issuance process. To identify and perform a quality control check of draft financial statements, and explore the key elements and variations of the auditor’s report. To discover and describe special considerations for financial statements prepared under a special purpose framework.
17. Audit Reporting Advanced Concepts – Understanding the Impact of General Audit Procedures on Disclosures and Audit Report Modifications	2.5 Hours
To explain circumstances requiring audit report modifications and explanatory paragraphs. To identify the importance of applying general audit procedures to identify relevant footnote disclosures. To discover and discuss how to improve evaluating disclosures for completeness and understandability.
18. Fraud Risk – Complying with Minimum Audit Requirements	2.5 Hours
To explain the various types of fraud relevant to a financial statement audit, and describe the symptoms of fraud. To analyze how to identify the risk of material misstatement due to fraud, and explore appropriate responses to identified fraud risk. To discuss the requirements related to fraud and non-compliance in various generally accepted auditing standards.
19. Critical Traits of a Thinking Auditor – Stretching Experienced Auditors beyond the Basics	2.5 Hours
To describe critical elements of effective and efficient audits, and explore using creative problem-solving to enhance engagement management and client service. To identify and discuss client service and business development roles. To analyze important traits to demonstrate when transitioning to being a firm leader.
20. Desired Traits of a Star Performer – Visualizing How to Become an Exceptional Staff Auditor	2.5 Hours
To analyze the characteristics of a star performer, and explore how to be proactive, leverage unassigned time, and be productive with time. To discuss how to embrace constructive feedback. To identify key elements of setting personal and professional goals.
21. Special Audit Considerations – Comprehending Requirements of Group Audits, Compliance Audits, Using the Work of a Specialist or Others, and More!	2.5 Hours
To discuss the special considerations when performing special audits and explore factors that influence the auditor's ability to use the work of specialists or others as evidence. To List common variations to the traditional financial statement audit engagement and analyze how to conduct an effective group financial statement audit. To discuss the additional responsibilities-assuming responsibility for component work.
22. Audit Quality Control – Avoiding Peer Review Deficiencies	2.5 Hours
To discuss common peer review and quality control deficiencies on financial statement audits. To identify important quality control standards most directly relevant to audits. To explain the importance of upper-level work paper reviews, including an objective engagement quality control review.

Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

Instructors

Jennifer Louis

President, Emergent Solutions Group LLC

Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.

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Frequently Asked Questions

The "Certified Audit Performance Specialist (CAPS)" provides a vast coverage of the key auditing topic at an advanced level. The certification provides insights into identifying the right blend of services to offer for the type of engagement. It covers audit planning, documentation, internal control & its testing, fraud detection, auditing risk modeling, and review process to ensure compliance with the best auditing requirements. It also covers critical traits for the right mindset that creates best auditing practices. The desired traits of the star auditing performer, peer review, and certain special considerations for auditing create a strong foundation for the advanced application of auditing. Thus, Certified Audit Performance Specialist (CAPS) creates good coverage to support advanced auditing professionals.

The “Certified Audit Performance Specialist (CAPS)” course is aimed at serving the requirements of experienced auditors. It also supports the needs of auditing professionals and practices who want to have an overall specialization in advanced auditing matters. With vast coverage of advanced topics, the best practices, tips for generating the best auditing results, and expert-led guidance, the certificate course helps you prepare to deal with the dynamic and competitive auditing landscape. Promoting objectivity and focus on the areas required, the certification gives you invaluable insights into the complexities of auditing. This makes Certified Audit Performance Specialist (CAPS) certification course a must for auditing professionals.

Certificate course is created by a qualified and experienced instructor(s). myCPE Certificate Courses includes Self-study Courses. Most of the courses are in the form of On-demand Videos. The Self-study Video courses in Certificate courses may be Live recorded presentations converted into Self Study (On-Demand Videos).

You can take your time and attend the course at your own pace. You can take exam unlimited time. So, don’t worry, if you are not able to pass an exam. You will be getting a chance to attend the exam again.

After completion of each course of this Certification Programs, you will be able to download a certificate with the course title and number of hours. Certificates, as well as your study records, are stored for life and you can access them anytime. Certificates are valid proof for your continuing education credits and you can also add it as an additional designation.

Once you register you will have complete access to all the courses of this Certification Programs. The self-study format allows you to access the material online 24x7 and study at your own pace.

As per NASBA guidelines, you have one year from date of purchase of your certificate to complete each program. After completion of each course, you can attend final exam any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.

Course have minimum passing score of 70% in the final exam and you can take multiple attempts of the said exam.

Our video player tracks & stores the watch time and will show you in the progress bar. But you make sure that you don’t fast forward or manually try to move the progress bar. If you have fast forwarded the video or tried to manually move the progress bar of the video. System wouldn’t capture your watch time. So please, let the video go on its own. However, being on-demand video you can pause and play and whenever you want and you can watch it in pieces. It will pick up from where you left off. So, for a self study courses you will have to
1. Complete the entire video 100%.
2. Answer all the review questions correctly. The review questions are at the bottom of the same page where you are viewing the course video.
3. Once you have watched the whole video and answered all the review questions, the Final Quiz will open up. You need to score more than 70% in the Final Quiz to avail your CPE credit. Multiple attempts are allowed for submitting Review and Final Quiz questions.
4. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from the ‘My Certificates’ section. Kindly ensure you have allowed Multiple File download from your web browser to download all certificates.
5. You can download individual certificate from your "Account" as well as from this page once you complete a particular courses. Also, you can download "Consolidated Certificate" from the package page or from your account.

A Self-study course is a recorded video (If it’s a recording of a live course you may see polling questions appearing on the screen. You do not need to answer the polling questions and just let the video play). Do not fast forward. If you fast forward, we may not be able to capture your watch time and you may be required to watch it multiple times. In order to avail your credits for the self-study course, you need to answer the review questions correctly and complete the entire video. Once you have done that, the Final Quiz will open up in which you need to score a minimum 70% to qualify for the credit. You can attempt multiple times for answering the review questions and Final quiz questions. Once you have completed the Review and Final quiz questions, you shall be able to download the credit certificate from ‘My Certificates’ section.
If neither of the above cases works, please drop an email to support@my-cpe.com or contact our support team through live chat support.

The evaluation form will be sent to attendees in the next 24 hours after passing the final quiz with at least 70% marks. Kindly note that the evaluation form will only be available to attendees who remained logged in till the end of the course and answered all the polling questions.

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What You’ll learn

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Why take “Certified Audit Performance Specialist (CAPS)” with myCPE?

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Jennifer Louis

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