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



Business Learning Institute

CPE Credits


This course is available for your group as:


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