myCPE
myCPE

How to Audit Time and Expense 2 Credits

Mar 05, 2024, 03:00 PM ET

How to Audit Time and Expense 2 Credits

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Mar 05, 2024, 03:00 PM ET

Learning Objective

  • To analyze how it will help to devise audit scripts to be used in audits.
  • To analyze why time and expense are so crucial and why the audit needs to be taken seriously
  • To discuss some real-life examples of audit findings and understand how they were found.
  • To collect a grasp for trend analysis that can help in auditing smarter and more efficiently.

Course Overview

Do you wish you had 30% extra time in your workweek? (Who doesn’t?) How about during your employees' work week? (Even better!)

It might sound like magic, but it’s much easier than you think.

In a 2017 study, the work habits of business owners, key executives, and employees were evaluated. They found that "time-wasting, low-value, and no-value activities accounted for more than 30% of their workweeks."

You can counteract all of those negative impacts and reclaim 30% of extra time each week. The strategy is to perform a time audit — and it's not hard to do.

On the other hand, a financial audit is a chance for your business to double-check your books for accuracy and proper documentation of expenses. Consider it the company version of "making a list and checking it twice." When reviewing company expenses, auditors evaluate expenditures to make sure they are necessary and in line with internal policies.

This CPE course will focus on the risks, internal controls, and tests the auditor should be doing to perform the audit. 

This Auditing CPE webinar will look at data scripts that could or should be run whether in the course of continuous auditing or as part of the routine audit work. Attendees will be asked to prepare plans for conducting a time and expense audit.

Key topics covered in this course:

  • Why do a T&E audit?
  • Travel and expense risks
  • Data analytics can be your key
  • Analyze your policy
  • Sometimes it is a matter of why rather than what
  • Data scripts that can help procurement

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Denise Cicchella
Denise Cicchella

Founder & CEO, Auspicium

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Denise Cicchella is a seasoned expert in audit and compliance, boasting over two decades of experience in the industry. As a Certified Internal Auditor (CIA) and Certified Fraud Examiner (CFE), she has a distinguished track record of enhancing organizational integrity and efficiency through meticulous financial oversight and strategic risk management. Denise’s expertise spans various sectors, including healthcare, manufacturing, and finance, where she has consistently demonstrated her ability to uncover and mitigate fraud, optimize internal controls, and drive compliance initiatives.  

Denise is a published author and has written four books on internal audit and project management.  They are:

  • Construction Audit Guide:  Overview, Monitoring and Auditing
  • Effective Auditing for Corporates
  • Essentials of Construction Management and
  • Construction Audit Building a Solid Foundation.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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CC

Carolyn Clink, CIA

Good travel and expense training with personal stories for better understanding.

JC

Jeanette Carmona, CPA (US)

Very interesting subject since I really never audited time and expenses

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    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

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    Certifications & Reporting

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