Audit & Assurance: Staff Two
Take your auditing skills to the next level with the Audit & Assurance: Staff Two webinar. Created for first-year audit professionals, this interactive online training program offers in-depth insights into crucial topics like internal controls, fraud management, and analytical procedures. Build on your foundational audit knowledge and earn 12 Continuing Professional Education (CPE) credits, all from the convenience of your location.
Why Attend This Webinar?
Earn 12 NASBA-Approved CPE Credits
Meet your annual professional development requirements and bolster your career credentials while expanding your audit expertise.
Gain Advanced Auditing Knowledge
Strengthen your ability to work with internal controls, recognize fraud risks, and utilize data analytics to perform effective audits.
Convenient and Interactive Training
Access a live webinar designed to provide practical, hands-on learning. Collaborate with trainers and peers through engaging sessions that replicate in-person engagement.
Develop Confidence in Critical Audit Tasks
Equip yourself with the tools and skills to handle intricate audit processes, from fraud considerations to auditing key accounts like inventory and accounts receivable.
What You’ll Learn
The Audit & Assurance: Staff Two program dives deep into essential audit functions while enhancing your technical and interpersonal capabilities. The course provides practical strategies and tools to help you confidently manage complex auditing tasks.
Key Topics Covered:
- Understanding Internal Controls
Learn the principles of the COSO internal control framework, including risk assessment, control activities, and monitoring processes.- Fraud Risk Management
Explore how to identify and mitigate fraud risks through comprehensive client evaluations and understanding business models.- Data Analytics in Auditing
Master the use of analytics in audit planning, fieldwork, and year-end reviews to streamline processes and enhance accuracy.- Audit Testing Procedures
Develop expertise in auditing key financial areas such as cash, accounts receivable, inventory valuation, and accounts payable.- Soft Skills for Auditors
Sharpen your communication, status reporting, and professional skepticism skills to build strong client and team relationships.
Webinar Structure
This two-day webinar delivers interactive sessions that provide you with both theoretical knowledge and practical applications, ensuring immediate relevance to your role.
Day 1 – Core Concepts of Auditing
- Understand the roles and responsibilities within the audit team structure.
- Introduction to the COSO internal control framework.
- Explore information technology general controls and their impact on financial reporting.
Day 2 – Advanced Applications and Skills
- Utilize data analytics for planning, processing, and concluding audits.
- Fraud risk identification, including segregation of duties and key client assessments.
- Learn step-by-step processes for auditing financial accounts, including cash, inventory, and accounts payable.
- Build interpersonal skills for effective collaboration, reporting, and increasing audit competency.
Special Topics Include:
- Fraud considerations within Generally Accepted Auditing Standards (GAAS).
- Practical uses for analytical procedures in audits.
- Techniques for creating clear and accurate audit workpapers.
Who Should Attend?
This program is ideal for:
- First-Year Auditors: Professionals looking to deepen their skill set and master new responsibilities.
- Early-Career Audit Staff: Those ready to strengthen technical, analytical, and communication skills.
- Career Changers in Auditing: Individuals who are transitioning into financial auditing roles and require hands-on guidance.
Webinar Details
- Format: Live webinar with interactive Q&A and group sessions.
- Schedule:
- Two sessions over Wednesday–Thursday, 9 a.m.–3 p.m. Central Time (includes a 30-minute lunch break).
- Webinars are hosted every eight weeks, with private schedules available for groups of two or more.
- CPE Credits: Earn 12 NASBA-approved credits, based on 50-minute instruction hours.
- Price: $825 per participant.
- Custom Group Training: Tailored options available for multiple attendees.
Build Your Audit Career the Right Way
The Audit & Assurance: Staff Two webinar is your opportunity to gain advanced auditing knowledge, refine key skills, and earn essential CPE credits. By completing this program, you’ll not only feel confident in managing complex audit tasks but also be better equipped to enhance your contributions as part of an audit team.
Don’t miss this chance to advance your career and boost your expertise in financial auditing.
Register now to secure your spot and pave the way for a successful and rewarding audit career!
Details on Event Presentation
Offered on Wednesday-Thursday once every eight weeks in two six hour sessions for 12 CPE credits.
The sessions will run from 9:00 a.m. to 3:00 p.m. Central Time Zone.
There will be a lunch break from 12:00 noon to 12:30 p.m. each day.
We can schedule private events on your timetable for two or more attendees.
CPE Event Highlights
- Understanding the Audit Team
- COSO Internal Control Framework
- Information Technology General Controls
- Fraud considerations
- Analytical procedures
- Basic auditing procedures
Learning Objectives
Improve the effectiveness of attendees by:
- Knowing the basics of internal control
- Identify key concerns related to fraud
- Understand the purpose and procedures of analytical procedures and their role in an audit.
- Recognize the potential of audit data analytics and their effectiveness in specific areas.
- Identify typical audit procedures assigned to new staff
Key Issues on the Agenda
Introductions
Session 1: The Audit Team
- Engagment Partner
- Quality Assurance
- Manager/Supervisor/Senior
- The Role of the Staff
Session 2: Introduction to COSO Internal Control Framework
- Risk Assessment
- Tone at the Top
- Control Activities
- Information and Communications
- Monitoring
Session 3: Information Technology General Controls
- Risk Assessment
- IT Governance
- Day to Day Information Security
- Internal Controls over Financial Reporting Process
Session 4: Data Analytics
- Analytics in the Audit Planning Process
- Analytics During Audit Field Work
- Analytics at Year-End
Session 5: Fraud Considerations During the Financial Audit
- Know Your Client
- Understanding the Business Model
- Segregation of Duties
Session 6: Financial Audit Procedures
- Cash and Cash Equivalents
- Accounts Receivable and the Allowance for Doubtful Accounts
- Inventory and Inventory Valuation
- Prepaid and Other Current Assets
- Property, Plant, and Equipment
- Accounts Payable and Accrued Expenses
- Debt
Session 7: Soft Skills
- Interviewing during a walk through
- Workpaper creation
- Status reporting
- Becoming competent
- Knowledge gain
- Professional Skepticism
Session 8: Summary and Wrap-Up
NASBA Program Disclosure
Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Seminar (Group-Live)
NASBA Field(s) of Study: Auditing
CPE Credits: 12, based on 50 minutes of instruction per hour
Summary of the Subject Matter
This webinar program is designed for individuals seeking to expand their knowledge and skills in the field of financial auditing, especially those with prior experience as first-year audit staff.
Participants will explore crucial topics such as internal controls, data analytics in auditing, fraud considerations in a Generally Accepted Auditing Standards (GAAS) framework, and auditing various financial elements like cash, accounts receivable, inventory, and more. This course provides hands-on training to help audit professionals gain practical insights into these complex areas.
By completing this program, participants will be better equipped to perform advanced audit procedures, contribute effectively to audit teams, and enhance their understanding of essential audit concepts. This course serves as a valuable resource for individuals looking to advance their careers in auditing and assurance.