CPE Webinar on Audit Reporting Fundamentals

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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

Overall Objective of Reporting

2 mins
Comprehensive Income

14 mins
Cash Basis Accounting Method

28 mins
Types of Audit Opinions

43 mins
Case Study - Background

60 mins
Change in Equity

93 mins

Course Description

The overall objective of financial reporting is making smart long-term economic decisions and taking key judgment calls, while the ultimate objective of a financial statement audit is to issue an auditor’s report. The audit report is a primary source of communication between the auditors and users of the financial statements. These users include shareholders, lenders, creditors, and other potential investors, etc. For maintaining their confidence in the operations and reporting of the business, an independent expert’s opinion on the financial statements through an audit is very crucial.

The webinar discusses fundamental aspects of audit reporting. The speaker Jennifer Louis covers core concepts in drafting Audited financial statements from the relationship of the financial statements, types of audit reports, issuance process, and ensuring the quality of the audited financial statements. The webinar also covers special considerations for financial statements prepared under a special purpose framework that provides guidance for the new auditors.

This Online Continuing Education webinar covers the following Major Topics:

The objective of financial reporting and Inter-relationships of financial statements and disclosures
Special purpose framework financial statements and the impact on audits
Types of audit reports, including reasons for modification
Financial statement drafting and issuance process
Performing a final quality control check before the report release

This Online CPE webinar on Auditing provides tips and techniques necessary for issuing and reporting on high-quality financial statements prepared under any applicable financial reporting framework.

Click to access more webinars on Accounting & Auditing CPE Courses | Free CPE webinars | Free Ethics Webinars

Learning Objectives

To discover and discuss the inter-relationship of basic financial statements and disclosures.
To explore the financial statement drafting and issuance process.
To identify and perform a quality control check of draft financial statements.
To explore the key elements and variations of the auditor’s report.
To discover and describe special considerations for financial statements prepared under a special purpose framework.

Recommended For

Accountants who have responsibilities for drafting the financial statements and the auditor’s report.
This Online Continuing Professional Education webinar on Auditing is recommended for CPAs, CIA, CMA, CFE, CRMA, and Other Professionals who desire to assist their clients in drafting financial statements or support auditing

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Certified Public Accountant (CPA)
Cloud Accountants
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Entrepreneurial Accountant
Entrepreneurial CPA
Senior Accountant
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

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

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

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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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.
You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, 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 continuing education requirement as 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.
myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.