Financial Statement Audit Best Practices CPE Self-Study Webinar

Course Description
Course Qualification
Presenter
FAQ

Course Description

Auditors have a duty to express their view as to whether the company’s financial statements present fairly the financial condition of the company and are therefore free of any material misstatements. On the reliability of such a view, many stakeholders take important business decisions. For instance, investors and lenders rely on the opinion of an independent outside auditor to make their economic decisions to invest or lend their money.

Realizing the importance of audit, regulators, and many legislative bodies apply strict controls on audit procedures. However, this can be a risk-laden area for compliance professionals due to the ongoing legal requirements of Sarbanes-Oxley and other Acts. Although there are well-established procedures for proceeding with an audit, some may tend to be especially risky and should be replaced by those that have proven more effective and more efficient.

This online webinar covers the following major topics that provide information and guidance as to how this can be efficiently applied and ensured.

What is a financial statement audit?
Why a financial statement audit is required?
The expansive role of the audit committee
The 6 phases of the financial statement audit process
Quality system and legal compliance audit checklists
Audit procedures for income statements, revenue, fraud detection, cash procedures
Reporting - audit opinion preparation best practices

Click for more related webinars:

Corporate Revenue Accounts Review and best practices

Corporate Expense Accounts Review and Audit Best practices

Corporate Accounting & Auditing Best Practices

Learning Objectives

To update on the latest techniques and improvements in financial statement auditing
To recognize the importance of simple internal controls in a sound control environment
To identify best practices in auditing
To recall the important steps in performing a financial statement audit
To develop strategies for dealing with the audit committee

Recommended For

This CPE course is recommended for CPAs, CIAs, Internal as well as External Auditors engaged in audit of financial statements.

Who Should Attend?

Accountant
Accounting and audit managers/practitioners
Accounting Firm
Accounting Managers
Auditors
Certified Public Accountant (CPA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Forensic Auditor
Fraud & Forensic Auditor
Fraud Examiner
Fraud Investigator
Senior Accountant
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit for Internal Audit Practitioner (IAP)
2 CPD Credit of Accounting & Auditing for Chartered Professional Accountant (CPA Canada)
2 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2 CPE Credit for Certified Internal Auditors (CIA)
2 CPE Credit for Certified Fraud Examiner (CFE)
2 CPE Credit for Certification in Risk Management Assurance (CRMA)
2 CPD Credit for Certified Financial Forensics (CFF)
2 CPE Credit for Certified Government Auditing Professional (CGAP)
2 CPE Credit for Certified Government Financial Manager (CGFM)
2 CPE Credit for Certified Valuation Analyst (CVA)
2 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
2 CPE Credit for Certified Management Accountants (CMA)
2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
2 CE Credit for Certified Wealth Strategist (CWS)
2 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

2
Instructional Method :

Group Internet Based
Pre-requisites :

Understanding About Auditing Procedures And Auditing Techniques
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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Michel Morley

Founder, Mike Morley

Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.

An entertaining and informative speaker and trainer, Mike is the author of:

“IFRS Simplified” which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

“Sarbanes-Oxley Simplified” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

“Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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