Course ID: APNA

Explaining the Financial Statement Audit Process to the Non-auditor

The financial statement audit process can be confusing to public accountants, but particularly to non-auditors, including the auditees themselves. The purpose of this course is to use plain language to lay out the major steps and key considerations in a financial statement audit, easily understood by accountants and nonaccountants alike.


Learning Objectives

Upon completion of this course participants will be able to:

  • Describe the major phases of the financial statement audit process
  • Explain the responsibilities of the auditor vs. the responsibilities of management and governance
  • Discuss the critical key judgments that an auditor makes during the course of the audit

Major Topics
  • The underlying audit objective, and why entities receive financial statement audits
  • Responsibilities assumed by the external auditor in an audit engagement
  • Responsibilities that must be retained by management and governance of the reporting entity
  • Important steps and judgments made during each major phase of the financial statement audit

Who Should Attend

Public accountants, industry accountants and nonaccountants who wish to have a basic understanding of the financial statement audit process


Fields of Study
Auditing

Prerequisites

None


Provider
Business Learning Institute

CPE Credits
2.0

Level
Basic

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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