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Advanced Audit Planning Concepts - Ensuring an Effective and Efficient Audit

  • Accountant
  • CPA (CA)
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • CBA/MCBA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: August, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Overview of the audit process
    2 mins
  • Linking overall risk to detailed audit plan
    25 mins
  • Extending procedures due to increased risk
    56 mins
  • Must obtain sufficient appropriate audit evidence
    75 mins
  • Individually significant items qualitatively
    86 mins

Course Description

“No one thinks that planning is unimportant, but they may think they already know where the risks are or which procedures they need to perform,”

Audit planning is one of the areas which cause disagreement among auditors. Some see it as a burden, others as a way to a more efficient and effective audit. The biggest factors that lead to an effective and efficient financial statement audit are the proper identification, evaluation, and response to the risk of material misstatement. Assessed risk of material misstatement leads to the generation of the nature, timing, and extent of further audit procedures.

Join this online CPE course that will focus on how to enhance engagement in team brainstorming and discussions to leverage knowledge to create a high-quality and profitable audit approach.

Major topics covered in this CPE/CPD webinar are:

  • Overview of the audit process
  • Identifying and Evaluating Risk
  • Tailoring standard audit programs based on assessed risk
  • Examples of Designing Procedures to Match Risk
  • Challenging the Nature, Timing, and Extent of Procedures
  • Engagement team discussion agenda items and best practices
  • Evaluating the appropriateness of audit evidence
  • Common efficiency considerations by audit area

Here is the link to your interests: Accounting & Auditing CPE Courses | CPE Courses for Certified Internal Auditors

Learning Objectives

  • To explain engagement planning best practices for high-quality and profitable engagement.
  • To analyze how to link 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.
  • To know audit planning and materiality.

Recommended For

  • This Online CE/CPE Webinar is recommended for CPA, CIA, IAP, QIAL, CMA, CFF, CFE, CVA, CGFM, CBA/ MCBA, CRMA, CGAP, CFIRS, CWS, Internal Auditors, External Auditors, Accountants, CFOs, and Other Professionals who want to understand how to enhance engagement in team brainstorming and discussions to leverage knowledge to create a high-quality and profitable audit approach.
  • This CPD course is also helpful for Canadian CPAs, CA - ICAEW, ACCA, CA - Ireland, CA - Scotland, and CPA – Ireland.

Who Should Attend?

  • Auditors
  • Certified Fraud Examiner
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Senior Accountant
  • Young CPA

Course Qualification

Webinar Qualifies For

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

Additional details

  • Course Level :
    Basic
  • Credits :
    2.5
  • Instructional Method :
    QAS Self Study
  • 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 through its website: www.NASBARegistry.org.

Presenter

About Presenter

Jennifer Louis, CPA (US)

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.

About Company

Emergent Solutions Group LLC

www.emergentgroup.net

Emergent Solutions Group is highly rated in course design and instruction on a wide array of topics, including accounting, auditing, personal development, project management, practice management, and more. Our Services includes : 

1. Developing High-Caliber, Cost-Effective Training Content

2. Revamping or Customizing Existing Training Offerings

3. "On-Call” Instructing and Speaking

4. Training the Trainer

Faq

FAQs content

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