Course ID: ASE3

Audit Staff Essentials — Experienced Staff/New In- Charge

This, the third of four comprehensive Audit Staff Essentials courses, continues to build on the knowledge first year staff have attained through experience and our two-part New Staff courses. Experienced staff take on an expanded role on engagements with more technical or advanced accounting and auditing topics. This course will provide discussion, examples and exercises that focus on the increasingly advanced topics that those staff with 1-2 years of experience will commonly be tasked with. From accounts receivable, to inventory price testing and obsolescence, this course takes these types of widely used accounts into their more complex areas. Along with an application based discussion of common account balances and transactions, the course discusses other topics key to a successful and well-rounded experienced staff member, including tasks such as risk assessment, sampling, engagement management and supervision, and working paper review.


Learning Objectives

• Identify and perform the core responsibilities of the in-charge auditor, including materiality, risk assessment, and audit strategy.
• Effectively identify steps to design procedures to test controls, including gathering evidence of effectiveness, accessing deficiencies, and communicating findings.
• Design and perform substantive procedures, including substantive analytical procedures and substantive tests of details. • Design and perform substantive procedures, including substantive analytical procedures and substantive tests of details.


Major Topics

• Auditor responsibilities
• Risk assessment
• Engagement management and supervision
• Working paper review
• Sampling and substantive sampling as concepts
• Auditing contingent liabilities and going concern
• Auditing investments
• Auditing intangible assets and goodwill
• Research tools


Advanced Preparations

None


Who Should Attend

Experienced audit staff

Firms that want consistent training and level setting


Fields of Study
Auditing

Prerequisites

1–2 years of audit experience


Provider
AICPA-CIMA

CPE Credits
16

Level
Intermediate

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or team@blionline.org
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