Surgent's Audit Skills Training: Level 2 - Staff Accountant- Consecutive 2-Day Course (2AUD)

Description:

Level 2 prepares less-experienced staff for assuming a greater level of responsibility on engagements. Once staff have "gotten their feet wet" by participating on a few engagements, this course will help auditors thoughtfully reflect on their experiences, and help to take basic knowledge to the next level. This course will include many real-life case studies for common audit areas assigned to staff in the first year.

Highlights:

Each module includes a lecture followed by in-class group case studies and activities. In this two-day course, the following two-hour modules will be presented:

  • Day 1:
    • Compilations and reviews: Performing effective and efficient compilations and reviews
    • A/R and revenue: Auditing accounts receivable, including external confirmation requirements
    • Property, plant, and equipment: Auditing PP&E, including leases      
    • Inventory: Auditing basic inventory - performing physical inventory observations
  • Day 2:
    • A/P, accrued expenses, and debt: Auditing liabilities, including debt classification and covenants
    • Analytical procedures: Analytical procedure fundamentals used in an audit
    • Sampling: Audit sampling fundamentals
    • Financial statement reporting: Financial statement drafting and reporting fundamentals

Objectives:

  • Perform effective and efficient compilations and reviews
  • Describe the fundamentals of strong analytical procedures on an audit
  • Explain the fundamentals of sampling for attribute testing and substantive purposes
  • Perform high quality audit procedures for common audit areas in nonpublic entities
  • Discuss the financial statement drafting and issuance process, including significant elements of the auditor’s report
  • Be familiar with the results of the numerous case studies, exercises, and illustrations that reinforce key learning points throughout the course

Prerequisites:

None

Category:

AA

Credits:

8

Course Level:

Basic

Members

Standard Fee: $239.00

Non-Members

Standard Fee: $295.00

Register Now

Vendor:

Surgent McCoy CPE, LLC

Start:

October 11, 2018 9:00am

End:

October 11, 2018 5:00pm

Designed For:

Staff accountants with 4-12 months of audit experience
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