myCPE
myCPE

Thinking Like an Auditor When Preparing Your Financial Statements 2 Credits

Dec 11, 2024, 03:00 PM ET

Thinking Like an Auditor When Preparing Your Financial Statements 2 Credits

  • Rating

    4.6
  • Reviewed on

    February, 2024
  • Subject Area

    Auditing

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Dec 11, 2024, 03:00 PM ET

Learning Objective

  • To discuss important judgments made in providing reasonable assurance about whether financial statements are materially misstated due to fraud or error.
  • To analyze the application of professional judgment in financial statement preparation.
  • To discuss the key principles of fair presentation and materiality in GAAP.
  • To explain how to apply subjectivity, materiality and other critical aspects of professional judgment when preparing financial statements and related disclosures
  • To evaluate and categorize internal control deficiencies effectively.

Course Overview

Embark on a transformative journey into the intricacies of auditing with our exclusive CPE webinar, "Thinking Like an Auditor." Led by the esteemed CPA, Jennifer Louis, this comprehensive course delves into the essential aspects of financial statement preparation, unraveling the nuanced judgments crucial for ensuring reasonable assurance against material misstatements due to fraud or error.

Discover the foundational Statements of Financial Accounting Concepts and gain insights into the highlights of financial reporting objectives. Unravel the complexities of qualitative characteristics and cost constraints shaping useful financial reporting. Navigate through principles such as fair presentation, materiality, and the application of FASB Codification Topic 105, providing you with a robust understanding of Generally Accepted Accounting Principles (GAAP).

Learn to evaluate known and likely misstatements, and explore the auditor's role in forming opinions on financial statements. Delve into the intricacies of audit report modifications, internal control deficiencies, and the categorization of weaknesses. Understand the audit risk formula and its application in assessing inherent risk, control risk, and detection risk. Gain proficiency in forming opinions on financial statements, addressing material weaknesses, and crafting effective audit report communications.

Major Topics:

  • Financial Accounting Statement Concepts and financial reporting objectives.
  • Principles of fair presentation, materiality, and FASB Codification Topic 105 - GAAP principles.
  • Known and likely misstatements and categorize internal control deficiencies.
  • Applying the audit risk formula and conducting comprehensive risk assessments.
  • Forming opinions on financial statements and make necessary audit report modifications.
  • Effectively communicate audit findings and report modifications.

Join us in this CPE Auditing course to enhance your auditing skills, gain valuable insights from practical case studies, and stay updated on the latest trends in the auditing landscape. Elevate your expertise and ensure a seamless audit process for your organization or clients.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

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

Stay Ahead of the Game with Jennifer Louis CPD/CPE Webinars
Jennifer Louis , CPA (US)

President, Emergent Solutions Group LLC

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

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.

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

out of 5

rating rating rating rating rating
1,824 ratings

Excellent

Very Good

Average

Poor

Terrible

MM

Michael Magee, CPA (US)

A very good presentation. It was clear and concise, and gave really good information. The one suggestion I would make is to give some real life examples with detailed accounts, as to how to prepare for the audit.

RB

Ryan Becker, CPA (US)

It was an interesting webinar with lots of helpful tips on how to look critically at the financial statements I prepare as a financial accountant.

Recommended Courses

Artificial Intelligence: What Internal Audit and Cyber Professionals Need to Know

Dec 16, 10:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CISA
  • CPA/CITP
  • CIA
  • CMA
  • CPA (US)
  • CGMA
  • IAP
  • QIAL
  • CDPSE
  • ITCA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
The Controller's Role in Cash Flow, and Forecasting During Uncertain Times

Dec 16, 11:30 AM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
COVID Compliance Audits - Are You at Risk?

Dec 16, 12:30 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Sustainability Accounting and Its Influence on Financial Statement Analysis

Dec 16, 01:30 PM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CGMA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Dodging the Scam: Top Occupational Frauds and How to Outsmart Them

Dec 16, 01:30 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Inclusions
  • Multiple Credits
    Multiple Credits

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

  • Certifications & Reporting
    Certifications & Reporting

    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 - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
Candace purchased a subscription.
Subscribed
Theresa Quan purchased a subscription.
Subscribed
arlette purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
John purchased a subscription.
Subscribed
BARRY purchased a subscription.
Subscribed
DANDREA purchased a subscription.
Subscribed
george purchased a subscription.
Subscribed
Alen purchased a subscription.
Subscribed
KWAN purchased a subscription.
Subscribed
Vikram purchased a subscription.
Subscribed
Willena purchased a subscription.
Subscribed
Luis purchased a subscription.
Subscribed
Tiffany purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Matthew purchased a subscription.
Subscribed
Laurie purchased a subscription.
Subscribed
Tamie purchased a subscription.
Subscribed
Jeremy purchased a subscription.
Subscribed
Stanley purchased a subscription.
Subscribed
Elena purchased a subscription.
Subscribed
Chi Hung purchased a subscription.
Subscribed
Steve purchased a subscription.
Subscribed
Chris purchased a subscription.
Subscribed
Santha purchased a subscription.
Subscribed
Michael-Michelle purchased a subscription.
Subscribed
Patrick purchased a subscription.
Subscribed
MARY purchased a subscription.
Subscribed
Katie purchased a subscription.
Subscribed
Alan purchased a subscription.
Subscribed
Ted purchased a subscription.
Subscribed
Kristine purchased a subscription.
Subscribed
David purchased a subscription.
Subscribed
ART purchased a subscription.
Subscribed
Brigid purchased a subscription.
Subscribed
Christina Niikura purchased a subscription.
Subscribed
Ben purchased a subscription.
Subscribed
Noelle purchased a subscription.
Subscribed
julie wei wen purchased a subscription.
Subscribed
Denny purchased a subscription.
Subscribed
Sara purchased a subscription.
Subscribed
Catherine purchased a subscription.
Subscribed
Kimo purchased a subscription.
Subscribed
Danielle purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
Janette purchased a subscription.
Subscribed
Joel purchased a subscription.
Subscribed
Donna purchased a subscription.
Subscribed
aziz purchased a subscription.
Subscribed
Joshua purchased a subscription.
Subscribed
Jay purchased a subscription.
Subscribed
Salim purchased a subscription.
Subscribed
Alexander purchased a subscription.
Subscribed
Jay purchased a subscription.
Subscribed
Gary purchased a subscription.
Subscribed
Robin purchased a subscription.
Subscribed
Gianfranco Renzo purchased a subscription.
Subscribed
Jerrod purchased a subscription.
Subscribed
Suzanne purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Severina purchased a subscription.
Subscribed
Aileen purchased a subscription.
Subscribed
Candice purchased a subscription.
Subscribed
Harshil purchased a subscription.
Subscribed
Kate purchased a subscription.
Subscribed
Lisa purchased a subscription.
Subscribed
NINA purchased a subscription.
Subscribed
Nathan purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
Curtis purchased a subscription.
Subscribed
RAYMOND purchased a subscription.
Subscribed
Richard purchased a subscription.
Subscribed
Charles purchased a subscription.
Subscribed
Jason purchased a subscription.
Subscribed
Nicholas purchased a subscription.
Subscribed
Sesha purchased a subscription.
Subscribed
Jake purchased a subscription.
Subscribed
Justin purchased a subscription.
Subscribed
Jane purchased a subscription.
Subscribed
Isabelle purchased a subscription.
Subscribed
Kelly purchased a subscription.
Subscribed
Lambert purchased a subscription.
Subscribed
Abraham purchased a subscription.
Subscribed
Karin purchased a subscription.
Subscribed
Ronald purchased a subscription.
Subscribed
Rabeca purchased a subscription.
Subscribed
Carol purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Sandra Wheeler purchased a subscription.
Subscribed
Steven purchased a subscription.
Subscribed
Rolanda purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Tracie purchased a subscription.
Subscribed
Anita purchased a subscription.
Subscribed
Terry purchased a subscription.
Subscribed
Tara purchased a subscription.
Subscribed
Emily purchased a subscription.
Subscribed
Yukari purchased a subscription.
Subscribed
Brenda purchased a subscription.