The intention of this course is to provide you with a refresher of the audit process from start to finish, providing an in-depth review of an audit’s seven (7) facets and any relevant updates to the standards. By the end of the course, you should have a general understanding of how a GAAS audit is conducted, what main components are required, the importance of risk assessment, and how to apply these policies and procedures in the real world – all without having to read the almost 1,000 pages of the Generally Accepted Auditing Standards.

Areas Covered

• Today’s GAAS audit can be organized into seven (7) different facets:
    - Principles and Responsibilities
    - Risk Assessment and Response
    - Audit Evidence – How to Gather and Interpret Relevant Data
    - Using the Work of Others (ie: internal auditors, specialists)
    - Conclusions and Reporting
    - Special Considerations
    - Special Considerations in the United States
• Relevant requirements, considerations, determinations, and key terminology utilized throughout each of the seven (7) facets
• The Role of Fraud in an Audit
• Auditor Responsibilities vs. Management Responsibilities
• Audit Theory vs. Real World Application
• Recent Changes/Updates in the Statements on Auditing Standards
  

Who Should Attend

Auditors, CPAs looking to move into the Audit field, Accountants

Why Should You Attend

The audit process is continually changing with new and cutting-edge technology. Now more than ever, it is important to be up to date on the audit process from start to finish. Understanding the importance of risk assessment and fraud risk indicators in the audit process can help you feel confident that you are providing the best service to your clients and the users of financial statements.

After this webinar, you will feel refreshed and ready to tackle a financial statement audit from start to finish.