New Staff: Core Concepts - What is an Audit?

Overview

This CPE course can be purchased individually, or as a part of the Audit Staff Essentials - New Staff: Core Concepts staff training bundle.

Learn about the overall objectives of an audit, as well as common issues that are important to new staff who have little to no firm experience. In this CPE self-study course, you will explore:

• Who an auditor actually works for
• What types and levels of service firms provide
• Standards auditors follow and who sets those standards
• The peer review process

Also, understand the AICPA Code of Professional Conduct, the ethical rules auditors work under.

Highlights

Key Topics

• Overall objectives of the audit
• Who does an auditor work for?
• Attest and assurance services and levels of service
• Independence and professional skepticism
• Overview of the AICPA Code of Professional Conduct
• Overview of the peer review process

Prerequisites

None

Designed For

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

Objectives

Learning Outcomes

• Recognize the general concept of an audit, its importance, and what an auditor does and does not do when performing an audit.
• Identify the importance of the concepts of independence and professional skepticism in an audit.
• Recall the principles that apply to auditors contained in the AICPA Code of Professional Conduct.
• Recall and distinguish between the definitions of attest and assurance services and the related levels of service.
• Recognize the various standard setters and the professional standards they promulgate.