Advanced Audit Planning Concepts - Ensuring an Effective and Efficient Audit

Welcome to myCPE

Learning Objectives

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.
To know audit planning and materiality.

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 that 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 Accounting & Auditing 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

Explore more courses on Fraud, Accounting, and auditing by Jennifer Louis.

Overview

Overview of the audit process

2 mins
Linking overall risk to detailed audit plan

25 mins
Extending audit procedures due to increased risk

56 mins
Obtaining sufficient appropriate audit evidence

75 mins
Engagement team discussion

89 mins

Webinar Qualifies For

2.5 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
2.5 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
2.5 CPD Credit of Auditing for CPA in Canada
2.5 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
2.5 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
2.5 CPE Credit of Auditing for Certified Management Accountants (CMA)
2.5 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
2.5 CPD Credit of Auditing for Certified Financial Forensics (CFF)
2.5 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2.5 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
2.5 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
2.5 CPD Credit for Chartered Accountant - ICAEW
2.5 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
2.5 CPE Credit of Auditing for Certified Internal Controls Auditor (CICA)
2.5 CPD Credit for Chartered Accountants - Scotland
2.5 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
2.5 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
2.5 CPD Credit for Chartered Accountants - Ireland (CAI)
2.5 CPD Credit for CPA - Ireland
2.5 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
2.5 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
2.5 CPE Credit of Auditing for Certified Controls Specialist (CCS)

About Instructor

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.

Additional Information

Duration

2.5 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

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.

Ratings and Review

4.4

Excellent

Very Good

Average

Poor

Terrible

William Potter, CPA (US)

Testing questions are not very applicable to the content as much as a test of knowledge of the audit process.

Nabil Khan, CPA (US)

Jennifer is an engaging instructor and this topic is crucial to complete proper audit planning.

Vicken Balian, CPA in Canada, CRMA, CGAP, CISA, CIA, CPA (US), CGMA, CRISC, PMI-ACP, PMP

As always, Jennifer provides an engaging overview with slides that are useful and to the point.

Vesna Ukic, CIA

Excellent video; I also liked little jokes along the way that helped to keep my focus.

Audelle Harvey, CIA, PMP

I really enjoy the examples and the brain breaks - helps to keep me engaged and laugh!

2.5 Credits

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Subject Area

Auditing

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Advanced Audit Planning Concepts - Ensuring an Effective and Efficient Audit

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Jennifer Louis, CPA (US)

Other Details

Additional Information

2.5 Hours

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

William Potter, CPA (US)

Nabil Khan, CPA (US)

Vicken Balian, CPA in Canada, CRMA, CGAP, CISA, CIA, CPA (US), CGMA, CRISC, PMI-ACP, PMP

Vesna Ukic, CIA

Audelle Harvey, CIA, PMP

Subject Area

Unlimited Access Plan

Inclusions

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