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.
Course ID: APNA
Explaining the Financial Statement Audit Process to the Non-auditor
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
AuditingPrerequisites
None