Audit Staff Essentials - Experienced Staff/New In-Charge

Overview

Level 3, Experienced Staff/New In-Charge

Learn how to apply best practices for increasingly advanced audit topics and explore the content areas that distinguish a well-rounded audit professional.

In this third level, designed for experienced staff or new in-charge staff members, you will explore the following topics (which are also available individually):

• Engagement Management and Supervision
• Research Tools
• Risk Assessment
• Further Auditing Procedures
• Working Paper Review
• Understanding the Concept of Sampling
• Understanding the Concept of Sampling - Substantive Sampling
• Auditing Contingent Liabilities and Going Concern
• Auditing Investments
• Auditing Intangible Assets and Goodwill

Highlights

Key Topics

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

Prerequisites

1-2 years of audit experience

Designed For

Who Will Benefit

• Experienced staff
• New in-charge auditors
• Firms that want consistent training and level setting

Objectives

Learning Outcomes

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