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Course Modules

  • 1. Key Principles of Financial Auditing

    2 Sessions | 53 Mins

    • Module 1 - An Overview of Audit and Professional Skepticism

      28 Mins

    • Module 2 - Navigating Regulatory Compliance and Audit Procedure

      25 Mins

  • 2. Understanding Engagement Letters

    1 Session | 20 Mins

    • Module 3 - Understanding Engagement Letters and Roll-Forward Procedures

      20 Mins

  • 3. Understanding Trial Balance

    1 Session | 15 Mins

    • Module 4 - Understanding Trial Balance

      15 Mins

  • 4. Concept of Materiality

    1 Session | 26 Mins

    • Module 5 - Understanding the Calculation for Materiality concept

      26 Mins

  • 5. Key Considerations in Preliminary Analytics

    2 Sessions | 20 Mins

    • Module 6 - All about Preliminary Analytics

      10 Mins

    • Module 7 - Preparation of Workpapers

      11 Mins

  • 6. Financial Audit and Testing of Balance Sheet Items

    20 Sessions | 5 Hrs, 17 Mins

    • Module 8 - Understanding Cash Testing

      13 Mins

    • Module 9 - Cash Testing Procedures

      15 Mins

    • Module 10 - Understanding Inventory Testing

      10 Mins

    • Module 11 - Inventory Testing Procedures

      16 Mins

    • Module 12 - Understanding Accounts Receivable Testing

      19 Mins

    • Module 13 - Accounts Receivable Testing Procedures

      18 Mins

    • Module 14 - Understanding Fixed Asset Testing

      14 Mins

    • Module 15 - Fixed Asset Testing Procedures

      14 Mins

    • Module 16 - Understanding Prepaid Testing

      8 Mins

    • Module 17 - Prepaid Testing Procedures

      8 Mins

    • Module 18 - Understanding Investment Testing

      11 Mins

    • Module 19 - Investment Testing Procedures

      31 Mins

    • Module 20 - Understanding Accounts Payable Testing

      17 Mins

    • Module 21 - Accounts Payable Testing Procedures

      18 Mins

    • Module 22 - Understanding Accrued Expense Testing

      13 Mins

    • Module 23 - Accrued Expense Testing Procedures

      13 Mins

    • Module 24 - Understanding Debt Testing

      29 Mins

    • Module 25 - Debt Testing Procedures

      22 Mins

    • Module 26 - Understanding Equity Testing

      20 Mins

    • Module 27 - Equity Testing Procedures

      10 Mins

  • 7. Financial Audit & Testing of Income Statement items

    2 Sessions | 23 Mins

    • Module 28 - Understanding Revenue and Expense Testing

      13 Mins

    • Module 29 - Revenue and Expense Testing Procedures

      10 Mins

  • 8. Substantive and Final Analytics

    2 Sessions | 25 Mins

    • Module 30 - Understanding Substantive and Final Analytics

      7 Mins

    • Module 31 - Substantive and Final Analytics Procedures

      18 Mins

  • 9. Financial Statement Preparation

    3 Sessions | 1 Hr, 18 Mins

    • Module 32 - Drafting Financial Statement

      6 Mins

    • Module 33 - Preparing of Audit Report

      10 Mins

    • Module 34 - Financial Statement Draft Procedures

      1 Hr, 2 Mins

  • 10. Final Quiz

Course Preview

Course Overview

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.

The Course covers an in-depth understanding of the following topics :

  • 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

Recommended For
  • Newcomers to the field of financial statement auditing.

  • Accounting and finance students aspiring to understand audit principles.

  • Anyone interested in gaining practical insights into U.S. financial statement audit procedures.

Job Opportunities

  • Audit Associate
  • Junior Auditor
  • Audit Trainee
  • Staff Auditor
  • Assistant Auditor
  • Audit Executive
...
...

Testimonials

JB

James B. Garcia
  • (5)
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.

AL

Andrew L. Owens
  • (4.5)
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!

SE

Susan E. Dodson
  • (5)
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.

DC

Dennis C. Russo
  • (5)
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!

CN

Cara N. Delcid
  • (4.5)
Engaging course for Audit

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

JH

Jane H. Jones
  • (4.5)
Amazing course

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

JJ

James J. Miller
  • (5)
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!

LJ

Leah J. Rapoza
  • (4.5)
Modern & Practical value

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

BV

Billy V. Cleary
  • (4.5)
Audit essentials covered effectively

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

PB

Pat B. Lay
  • (5)
Ideal course for beginners

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

FAQs

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  • You can target your relevant audience.
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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.

Graduates of the US Financial Statement Audit – Beginner’s Edition Course can pursue roles like Audit Associate, Senior, Assistant Manager, Manager, Specialist, or Consultant as the course lays a strong foundation for these careers. The salary prospects range from $31,200 for entry-level positions to upwards of $95,701 at the professional level.