Effective Audit Engagement Planning

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Course Description
Course Qualification
Presenter
FAQ

Course Description

Overview

GAGAS planning standards

10 mins
Risk based annual audit plan

11 mins
Develop a risk-based annual audit plan

22 mins
Conduct a preliminary survey

27 mins
Sample audit program

41 mins

Course Description

The planning process is a key factor in the success of an audit engagement. It could mean the difference between an efficient and effective audit engagement and an engagement that went over budget and struggled to achieve all the audit objectives.

There are a number of things that impact the planning

The purpose of any audit engagement is the achievement of the audit objectives. The success of the engagement may well depend on the planning. There are a number of things that impact the planning:

The number of available auditors
The auditor's experience levels
The time allotted
The complexity of the audit objectives
(In some cases) The location of the engagement

The lead auditor will generally do the engagement planning with a review and approval by the audit manager. How well the planning is done will have a significant impact on the success of that engagement.

This Online CPE Auditing Webinar is designed to give you the basics for efficient and effective audit engagement planning.

Learning Objectives

To develop an annual risk-based audit plan.
To discuss how to perform a preliminary survey of the engagement area.
To analyze the audit objectives.
To inspect the audit scope.
To discuss the audit program.
To analyze the relevant audit standards.

Recommended For

This Online CPE webinar is recommended for CPAs, CIAs, IAPs, QIALs, CMAs, Audit Supervisors, Audit Managers, Staff Auditors, Government Auditors, Compliance Auditors, Internal Control Specialists, Public Accountants, Accounting Analysts, Business Analysts, Quality Control Specialists, and other auditing professionals who want to understand basics for efficient and effective audit engagement planning.

Who Should Attend?

Accounting and audit managers/practitioners
Auditors
Certified Fraud Examiner
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
Certified Valuation Analysts
Chartered Financial Analyst
CPA - Mid Size Firm
CPA - Small Firm
Young CPA

Course Qualification

Webinar Qualifies For

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

Additional details

Course Level :

Basic
Credits :

1
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

Jonnie Keith, CIA, CFE, CGAP

Auditor, JonSherr Ent.

Mr. Keith has over 50 years of audit experience and served as the Chief Audit Executive for the Metropolitan Atlanta Rapid Transit Authority (MARTA) for 12 years before his retirement in 2012. His other audit experience includes serving as Operational Audit Manager for five years and was a Senior Auditor in the Contract Compliance Audit Branch at MARTA. He was also a Senior Auditor at Norfolk Southern Railway, and a Bank Examiner at the Federal Reserve Bank of Atlanta.

As the Chief Audit Executive for MARTA, he was responsible for administering the overall audit activities for the Department of Internal Audit including:

Providing the Board of Directors, the GM/CEO, MARTA Senior Management and appropriate government entities with independent analysis, appraisals, and recommendations concerning operational, information technology, contract compliance, and financial audits.
Directing the day-to-day activities for three audit managers, 12 auditors and the audit coordinator.
Developing an annual risk-based audit plan to maximize audit resources in addressing MARTA risks.
Assisting the Audit Committee Chair with the quarterly Audit committee meetings.
Developing and operating within the approved audit budget; and
Assisting the Board, the GM/CEO, and Management in other areas as necessary and requested.

He was a volunteer seminar instructor for the Institute of Internal Auditors. Some of the courses taught included:

Writing Effective Audit Reports
Tools and Techniques for the Beginning Auditor
Communication Skills for Auditors
Leadership Skills for the Auditor-In-Charge
Audit Project Management
CIA Review Course

He has written three IIA Magazine articles including:

Killing the Spider, April 2005
Producing Quality Audit Reports, August 2018
Write Effective Audit Objectives, June 2020

He has provided training for the Association of Certified Fraud Examiners Annual Conference:

2018 Bulletproofing Your Fraud Reports
2019 Writing Effective Fraud Findings

He currently teaches audit webinars, including:

How to Write Effective Audit Observations
How to Put the Quality in Audit Reports
What It Takes to Be the Auditor-In-Charge
Report Writing Techniques for Audit Professionals
How to Assess Risks and Evaluate Controls

He has a degree in Economics from Clark Atlanta University. His certifications include Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), and Certified Government Auditing Professional (CGAP).

Mr. Keith has been married over 50 years. He also co-authored a book with his wife on marriage entitled “Tied Together – The Marriage Trinity”. He has two daughters and five grandchildren.

Faq

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