myCPE
myCPE

U.S. Financial Auditing Course: A Beginner's Course

Open the door to Auditing with this Beginner’s Course!

  • Learn from Auditing Pros who break down concepts into bite-sized pieces.
  • Dive into Real-Life Auditing Scenarios with Simulations and Practical Problems.
  • Acquire Practical Skills for Achieving Real-World Success as an Auditor.
  • Tailored short-term programs to beef up your skills quickly.
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Course Details

What You’ll learn

U.S. Financial Statement Audit – Beginner’s Edition Course is your gateway to understanding thoroughly the fundamental principles of financial statement auditing. Gain an essential understanding of auditing procedures, internal controls, and reporting standards that are hardwired to every audit process. Learn by engaging in practical scenarios, and handling real-life situations. Unlock the path to becoming a trusted financial auditor with our Financial Auditing Course.

Major Topics covered

Auditing Core Concepts

Engagement letter

Trial balance

Concept of Materiality

Preliminary Analytics

Audit & Testing of Balance sheet items

Audit & Testing of Income Statement items

Substantive and Final Analytics

Financial Statement Preparation

Disclaimer : Before attending any course, please verify that the credit details align with your qualification requirements. This certificate is designed to help you acquire new skills and knowledge, which may or may not fulfill specific compliance criteria. While we have made every effort to ensure our courses adhere to compliance standards, we recommend reviewing the details to confirm applicability for your needs.

Course Modules

Course Title Time Total Session
1. Key Principles of Financial Auditing
53 Mins 2 Sessions
  • Module 1 - An Overview of Audit and Professional Skepticism
  • Module 2 - Navigating Regulatory Compliance and Audit Procedure
2. Understanding Engagement Letters
20 Mins 1 Session
  • Module 3 - Understanding Engagement Letters and Roll-Forward Procedures
3. Understanding Trial Balance
15 Mins 1 Session
  • Module 4 - Understanding Trial Balance
4. Concept of Materiality
26 Mins 1 Session
  • Module 5 - Understanding the Calculation for Materiality concept
5. Key Considerations in Preliminary Analytics
20 Mins 2 Sessions
  • Module 6 - All about Preliminary Analytics
  • Module 7 - Preparation of Workpapers
6. Financial Audit and Testing of Balance Sheet Items
5 Hrs, 17 Mins 20 Sessions
  • Module 8 - Understanding Cash Testing
  • Module 9 - Cash Testing Procedures
  • Module 10 - Understanding Inventory Testing
  • Module 11 - Inventory Testing Procedures
  • Module 12 - Understanding Accounts Receivable Testing
  • Module 13 - Accounts Receivable Testing Procedures
  • Module 14 - Understanding Fixed Asset Testing
  • Module 15 - Fixed Asset Testing Procedures
  • Module 16 - Understanding Prepaid Testing
  • Module 17 - Prepaid Testing Procedures
  • Module 18 - Understanding Investment Testing
  • Module 19 - Investment Testing Procedures
  • Module 20 - Understanding Accounts Payable Testing
  • Module 21 - Accounts Payable Testing Procedures
  • Module 22 - Understanding Accrued Expense Testing
  • Module 23 - Accrued Expense Testing Procedures
  • Module 24 - Understanding Debt Testing
  • Module 25 - Debt Testing Procedures
  • Module 26 - Understanding Equity Testing
  • Module 27 - Equity Testing Procedures
7. Financial Audit & Testing of Income Statement items
23 Mins 2 Sessions
  • Module 28 - Understanding Revenue and Expense Testing
  • Module 29 - Revenue and Expense Testing Procedures
8. Substantive and Final Analytics
25 Mins 2 Sessions
  • Module 30 - Understanding Substantive and Final Analytics
  • Module 31 - Substantive and Final Analytics Procedures
9. Financial Statement Preparation
1 Hr, 18 Mins 3 Sessions
  • Module 32 - Drafting Financial Statement
  • Module 33 - Preparing of Audit Report
  • Module 34 - Financial Statement Draft Procedures
      10. Final Quiz

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Discover Why We’re the Preferred Choice!

trusted

Comprehensive, Detailed, and Yet Simple

“I really enjoyed this course because it dives deep into the technical aspects. 🕵️ Learning and testing my knowledge was a great experience. 👍 I believe it's a super useful course for getting a better grasp of auditing concepts.”

James B. Garcia
James B. Garcia, CPA (US)

Financial Auditor

trusted

Great Instructors

“This course and instructors boosted my confidence, helping me overcome my initial avoidance of the subject. 🚀 It provides quick and valuable details. Highly recommend it, especially for beginners!”

Andrew L. Owens
Andrew L. Owens, CMA

Financial Planning Specialist

trusted

Core Concepts Covered

“Great for auditing beginners and a good refresher for professionals. The course clarified concepts quickly, and I could apply them effectively. Thanks, MYCPE ONE!”

James J. Miller
James J. Miller, CFA

Audit Consultant

trusted

Ideal Course for Beginners

“Loved this course! Packed with theory and practical gems. 💎 Ideal combination for beginners, offering rich content.”

Pat B. Lay
Pat B. Lay, CIPM

Compliance Analyst

trusted

Useful Handouts Shared

“A good fit for me. Simple to understand and apply. Instructors explain concepts in easy-to-understand language. Helpful for reference material.”

Susan E. Dodson
Susan E. Dodson, CGFM

Government Auditor

trusted

Insightful Real-World Context Shared

“For a complex subject like Auditing, essential understanding comes from real-world problems and insightful solutions. Beautifully executed! Loved the experience. Highly recommend!”

Dennis C. Russo
Dennis C. Russo, CVA

Valuation Specialist

trusted

Engaging Course for Audit

“Engaging course design adds real value for application. Very engaging and a great source for those delving into auditing.”

Cara N. Delcid
Cara N. Delcid, RICP

Risk and Compliance Specialist

trusted

Amazing Course

“To refresh my audit understanding, this course is a real value provider. Managed to clear some misunderstandings, and now I feel confident.”

Jane H. Jones
Jane H. Jones, FP&A

Financial Analyst

trusted

Modern & Practical Value

“Aligned with modern and practical requirements, this course is highly recommended for practical auditing skills. 🌟.”

Leah J. Rapoza
Leah J. Rapoza, CASL

Strategic Auditor

trusted

Audit Essentials Covered Effectively

“Effectively covers auditing essentials with smart module presentations. Easy to understand and apply, making learning enjoyable. Well done, MYCPE ONE! 🎉”

Billy V. Cleary
Billy V. Cleary, ABV

Audit Trainer

Frequently Asked Questions

The “U.S. Financial Statement Audit – Beginner’s Edition” course provides an in-depth look into U.S. financial statement audits by covering essential concepts for fundamental understanding such as the engagement letter, concept of materiality, preliminary analytics, audit and testing of income statement and balance sheet items, and substantive and final analysis.

The “U.S. Financial Statement Audit – Beginner’s Edition” course is perfect for those without a college degree seeking concise, hands-on training in financial statement auditing. It's also beneficial for auditing professionals aiming to solidify their expertise. Additionally, it can be valuable for anyone eager to develop a comprehensive understanding of U.S. Business Financial Audit.

The U.S. Financial Statement Audit – Beginner’s Edition Course includes over 15 real-life simulations and case studies, supplemented by more than 160 quizzes with detailed explanations, to ensure an engaging, hands-on learning experience.

The U.S. Financial Statement Audit – Beginner’s Edition Course includes comprehensive course material to support theoretical and practical learning. They are in the form of downloadable PDFs that include practical case studies, simulations, and quizzes to solidify your learning experience of financial statement audits.

The US Financial Statement Audit – Beginner’s Edition Course is led by seasoned financial audit experts. It offers insights rich from extensive real-world experience that ensures the teaching is both practical and relevant to the current industry practices.

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