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Audit With An End In Mind

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

Overview

  • Why is Audit Planning Important?
    2 mins
  • Quick Key Indicators.
    37 mins
  • Utilizing Public Information.
    85 mins
  • What is High Risk?
    131 mins
  • Determining Sampling Sizes.
    157 mins
  • What is a Style Guide?
    206 mins
  • Condition: Writing Good Summaries.
    241 mins
  • Length of Audit Report.
    287 mins
  • Concision - Eliminate the Unnecessary.
    326 mins
  • Conditional / Obligative Moods.
    348 mins

Course Description

Whenever one starts with the end in mind, one is trying to be productive, efficient, and effective to the pre-defined objectives. Complex tasks such as audit over the phase of execution take an increased time and effort as compared to the budgeted resources. However, for the professional practitioners, this translates to a heavy cost of resources, sometimes other planned projects delayed, sacrificed, or worse. To manage these consequences for business is at times really costly.  

This online CPE webinar covers all the necessary subjects and topics that cover crucial parts for managing audit as a practice. This not only provides importance to the planning aspect of each project but managing the resources in between the project based on time management as well. However, the first and foremost thing that starts the first gear of the whole aspect is identifying the engagement and commitments of projects. It ends with the last opinion of the speaker in the audit report. Which are important parts of the audit report? What should be included and how the tone of the report should be. 

The speaker Danny Goldberg, with the rich experience, has identified all the key aspects relevant to these subjects and covered them in this specialized course. He has utilized group discussion, exercises, and various practical approaches to provide an interactive learning experience. This provides the attendees with brainstorming opportunities as well as understanding the views of their peers to further enrich the experience of earning continuing education credits. 

This Online Auditing CPE webinar covers the following key topics on the subject: 

  • Understanding the importance of Audit planning.
  • Engagement risk assessment process.
  • Audit planning process.
  • Key controls for everyone.
  • Engagement-level risk assessment for residual risk.
  • What is high risk?
  • Building an effective audit work program.
  • Engagement-level risk assessment.
  • Audit report writing: as a crucial step to auditing.
  • Creating cheat sheets to ensure key topics are covered in the audit report.
  • Key things to take care of while creating an audit report.

Learning Objectives

  • To recognize audit planning as a critical step for audit professionals.
  • To explore the engagement risk assessment process for auditing.
  • To identify critical steps in the audit planning process.
  • To explore the key controls for everyone.
  • To recognize the residual risk after the risk assessment.
  • To categorize high-risk audit projects and manage decision-making processes for high risks.
  • To recognize key points to create effective audit work programs.
  • To identify steps to minimize the risk from the engagement level risk assessment.
  • To create a cheat sheet for covering key topics in the audit report.
  • To recognize key contents of a typical audit report.
  • To analyze executive summary and other content.
  • To optimize the audit report.
  • To receive key conclusions from the audit report.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Auditors
  • Certified Management Accountant
  • Certified Public Accountant
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Forensic Accountant
  • Fraud & Forensic Auditor
  • Risk Managers
  • Young CPA