Surgent's The Basic Audit Concept (Audit Skills Training - Level 1) (Self-Study)

Code: JSODA1M6

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 3.0
of study
Auditing - Technical (3.0)
Standard member fee $54.00
checkmarkStandard nonmember fee $54.00

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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

Major subjects

  • 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

Learning objective(s)

  • 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


Course code Code JSODA1M6
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None