SUBSCRIPTION: Audit Skills for Client Management

Overview

*** This subscription includes eight individual sessions for a total of 16 CPE. You receive significant savings when purchasing these webinars as a subscription. Each of the eight courses runs live once a month beginning May 1, 2024 through April 30, 2025. Register for these scheduled courses as your schedule allows - at no extra cost to you. Once registered for this subscription, log in instructions will be emailed to you separately for each individual course. *** This subscription consists of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has audit or attest engagement responsibilities. This series covers intermediate audit skills, internal controls, and analytical procedures.

Objectives

After attending this presentation, you will be able to...

• Identify circumstances requiring audit report modifications and explanatory paragraphs
• Determine the importance of applying general audit procedures to identify relevant footnote disclosures
• Distinguish how to improve evaluating disclosures for completeness and understandability

Highlights

The major topics that will be covered in this course include:

Course 1: Audit 301: Code of Professional Conduct - Key for Auditors

CPE: 2

Description: Code of Professional Conduct will dig deeper into important foundational principles, primarily focusing on threats to independence and how to avoid or appropriately safeguard them. The AICPAs Code of Professional Conduct provides guidance for ethical business conduct, as well as other potentially relevant ethical requirements from the PCAOB and international bodies. An important pillar of any Code of Professional Conduct is the rules governing independence when performing attest services, particularly when both attest and non-attest services are provided.

Course 2: Audit 302: Planning Effective and Efficient Audits

CPE: 2

Description: Planning Effective and Efficient Audits will focus on how to enhance engagement team brainstorming and discussions to leverage knowledge to create a high-quality and profitable audit approach. The biggest factors that lead to an effective and efficient financial statement audit are the properly identification, evaluation, and response to risk of material misstatement. Assessed risk of material misstatement leads to the generation of the nature, timing and extent of further audit procedures.

Course 3: Audit 303: Internal Controls - Required Communications

CPE: 2

Description: Internal Control - Required Communications will help the auditor with understanding how to improve required internal control communications to be more value-added from the perspective of the client. Professional and regulatory audit standards require communication of internal control matters noted in a financial statement audit. This assists management and those charged with governance with satisfying responsibilities for designing, implementing, maintaining, and monitoring internal controls. In addition, in order to retain existing clients, lower fee pressures and gain invaluable referral sources, financial statement auditors must place a priority on being a value-added business advisor.

Course 4: Audit 304: Auditing Basic Investments - Common Risks

CPE: 2

Description: Auditing Basic Investments will provide an overview for evaluating the proper recognition, measurement and disclosure of the most common investments types. Many small- and mid-size entities hold less-complex investments, including mutual funds, 'plain vanilla' derivatives (such as interest rate swaps), and permanent life insurance policies.

Course 5: Audit 305: Strengthening Substantive Analytic Procedures

CPE: 2

Description: Strengthening Substantive Analytic Procedures will provide the tips and best practice techniques for strengthening substantive analytic procedures in order to reduce over-reliance on tests of details. One of the ways to perform a more effective and efficient audit is to maximize the use of substantive analytic procedures in the detailed audit plan.

Course 6: Audit 306: Reviewing Workpapers - A Role in Quality Control

CPE: 2

Description: Reviewing Workpapers will provide the tips and tools for satisfying important workpaper reviewer responsibilities. Audit documentation provides the principal support for an auditor's report. Therefore, it is critical for workpaper reviewers to perform quality control procedures to ensure that technical, professional, and regulatory standards are met. In addition, the workpaper review process should be used as a tool for professional development and promoting efficient audits.

Course 7: Audit 307: Client and Profitable Engagement Management

CPE: 2

Description: Client and Profitable Engagement Management will provide guidance on how to maximize return on time spent with critical areas, such as budgeting, scheduling, client assistance, and delegation. Sound client and engagement management can influence both the effectiveness and efficiency of an audit engagement.

Course 8: Audit 308: Audit Reporting and General Audit Procedures

CPE: 2

Description: Audit Reporting and General Audit Procedures will provide guidance for properly altering financial statements and audit reports for certain complex transactions and events that are often uncovered through general audit procedures, such as subsequent testing, reviewing minutes, and more. Each set of financial statements and auditor's report thereon must properly address the unique circumstances of the specific reporting entity's circumstances.

Designed For

Accountants responsible for drafting footnote disclosures and audit reports

Prerequisites

The first two subscriptions in the Audit Skills series, or experienced auditing knowledge.

Preparation

Consider taking the previous Audit Skills Subscription with CPA Crossings

Notice

You will receive an email from CPA Crossings via Webex with instructions to access the webinar.