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21SR-0022: Staff Training: Semi-Senior (Virtual)

Date Multi-day course:
Tuesday, November 16, 2021 --
Wednesday, November 17, 2021
Time 8:00am - 4:30pm
Central Time
Location Online
CPE credits CPE 24.0
Field(s)
of study
Business Management & Organization - Non-Technical (3.6)
Taxes - Technical (3.6)
Auditing - Technical (7.2)
Accounting - Technical (9.6)
Instructor Richard Ferdinand, CPA
Fees
Standard Member Fee $599.00
Standard Nonmember Fee $649.00
Standard Partner State Member Fee $599.00
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Description

In this hands-on course, staff will gain the skills and confidence needed to successfully handle small engagements while meeting the needs of both the client and the firm. They'll leave with the capabilities to complete smaller audits, reviews and compilations with minimum supervision and maximum profitability. Plus, they'll build their skills with analytical procedures, financial statements, footnotes and corporate tax issues.

This is a blended learning program that combines an interactive online course and self-study components. Participants are required to complete pre-work before the first day of class. The online course is interactive and attendees will participate in discussions, case studies and group work. Please have a computer or tablet with a functional webcam and microphone.

Who should take this program?

CPA firm staff with one to two years of experience, including at least one tax season

Major subjects

  • Satisfying client and firm needs -- how to enhance communication with clients and partners
  • Analytical procedures -- how they're used in audit and review services and how to use them as part of a client service-oriented approach
  • How to correctly apply SSARS and SAS requirements through case studies covering ratio analysis and analytical procedures
  • Case study practice conducting small audits -- financial accounting process, transaction cycles and the nature of GAAP; understanding the client and its environment; assessing control risk, inherent risk and fraud risk; linking assessed risks to evidence; designing the most efficient audit approach; and making management suggestions on small jobs
  • Performing review service engagements -- SSARS requirements and common problems in applying them to reviews and compilations
  • Compilation and review case study involving analytical procedures, working papers, common GAAP problems and review service engagement forms and checklists
  • Differences in the nature and extent of procedures necessary for completing reviews and compilations
  • Case study practice drafting financial statements and footnotes -- reviewing and recommending changes in the format, terminology and account groupings for a set of financial statements; firm policies and professional judgment; organizing and outlining footnote contents using a reporting checklist; evaluating an independent accountant's review report; engagement reporting exercise
  • Corporate tax case study -- identifying and resolving various tax issues for a small business, issues involving unethical tax return preparation, methods of depreciating assets and determining the appropriate form of business organization

Learning objective(s)

  • Complete smaller audits, reviews and compilations with minimum supervision and maximum profitability

Notes:

Course code Code 21SR-0022
Sponsor AHI Associates
NASBA ID#: 103010
Level Intermediate
Format Blended Learning
Prerequisites Prereq. One to two years of experience, including at least one tax season, recommended.
Advance
prep
Participants are required to complete pre-work before the first day of class. Details will be sent via email.
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Firm administrators: Please log in before starting the employee registration process.

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Alternate Dates

21SR-0023: Staff Training: Semi-Senior (Virtual)
Nov. 18-19, 2021