Surgent's The Basic Audit Concept (Audit Skills Training - Level 1) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
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Financial statement auditors are engaged to provide reasonable assurance that financial statements are not materially misstated, whether due to fraud or error. Professional standards require auditors to obtain sufficient and appropriate evidence to support that opinion. It is critical for effective and efficient auditors to have a clear understanding of all the important elements and concepts related to a financial statement audit.
Who should take this program?
Professionals new to auditing
The reason that entities engage a financial statement audit
List the applicable financial reporting frameworks available
Differentiate the responsibilities of management and auditors
The various phases of a financial statement audit
Evaluating and documenting audit risk, both at the overall and relevant assertion level
Case study differentiating high risk audit engagements and higher risk audit areas
Discuss the basis for an audit
Explain the auditor's professional responsibilities
Describe important audit concepts, such as materiality
Explain the audit risk formula
Discuss considerations when Identifying and assessing risk of material misstatement
NASBA ID#: 103212