Avoiding the Most Misapplied Audit Concepts
Avoiding the Most Misapplied Audit Concepts
CPE Credit:
8
Overview
Description:
Recent new auditing standards are designed to improve overall audit quality. The course will address the most common misapplied audit concepts in planning and performing effective and efficient financial statement audits.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Field of Study:
Auditing (8 CPE)
Instructor
Instructor:
Jennifer F. Louis, CPA
Additional Details
Who should attend:
Any financial statement auditor who wishes to learn how to be more effective and efficient on engagements.
Program Level:
Basic
Program Content:
The major topics that will be covered in this course include:
- Risk Assessment – Properly assessing inherent, control, and detection risk on an engagement, and linking the results to an appropriately tailored detailed audit plan based on risk assessment and client service goals, regardless of entity type.
- Substantive Analytics- Leveraging strong substantive analytic procedures as audit evidence to cut back on tests of details.
- Selecting items to test common misunderstandings related to designing, performing and concluding on tests of details, including sampling.
- Identifying and Evaluating Internal Control Deficiencies – Emphasizing the importance of identifying both design and operating effectiveness deficiencies during the course of the audit, and how to properly categorize deficiencies as inconsequential, significant or material for impact on the audit or required communications with management and those charged with governance.
Learning Objectives:
After attending this presentation, you will be able to…
- Analyze the nature, timing, and extent of planned audit procedures that can (and should) vary commensurate with assessed risk of material misstatement.
- Assess common deficiencies in performing and documenting further audit procedures, including tests of details.
- Recall tips for strengthening the design, documentation and evaluation of substantive analytic procedures.
- Recognize how to properly satisfy the requirement to evaluate and communicate internal control matters noted during the course the financial statement audit.
Prerequisites:
None
Advanced Preparation:
None
Developed By:
Emergent Solutions Group LLC
Format:
Group-Internet-Based
Course Code:
ESJLAMM8
Our Partners
NASBA Sponsor
Avoiding the Most Misapplied Audit Concepts
Course Code:
ESJLAMM8
Program Level:
Basic
Description:
Recent new auditing standards are designed to improve overall audit quality. The course will address the most common misapplied audit concepts in planning and performing effective and efficient financial statement audits.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Program Content:
The major topics that will be covered in this course include:
- Risk Assessment – Properly assessing inherent, control, and detection risk on an engagement, and linking the results to an appropriately tailored detailed audit plan based on risk assessment and client service goals, regardless of entity type.
- Substantive Analytics- Leveraging strong substantive analytic procedures as audit evidence to cut back on tests of details.
- Selecting items to test common misunderstandings related to designing, performing and concluding on tests of details, including sampling.
- Identifying and Evaluating Internal Control Deficiencies – Emphasizing the importance of identifying both design and operating effectiveness deficiencies during the course of the audit, and how to properly categorize deficiencies as inconsequential, significant or material for impact on the audit or required communications with management and those charged with governance.
Learning Objectives:
After attending this presentation, you will be able to…
- Analyze the nature, timing, and extent of planned audit procedures that can (and should) vary commensurate with assessed risk of material misstatement.
- Assess common deficiencies in performing and documenting further audit procedures, including tests of details.
- Recall tips for strengthening the design, documentation and evaluation of substantive analytic procedures.
- Recognize how to properly satisfy the requirement to evaluate and communicate internal control matters noted during the course the financial statement audit.
Who should attend:
Any financial statement auditor who wishes to learn how to be more effective and efficient on engagements.
Developed By:
Emergent Solutions Group LLC
Instructor:
Jennifer F. Louis, CPA
CPE Credit:
8
Field of Study:
Auditing (8 CPE)
Prerequisites:
None
Advanced Preparation:
None
Format:
Group-Internet-Based
OR
Register By Phone: Call 877.370.2220 and press “1” for the webinar hotline to register
Price
Single Registration
$239.00
Upcoming Dates
- 6/30/2025 @ 10:00 AM
- 7/30/2025 @ 10:00 AM
- 8/12/2025 @ 9:00 AM
- 9/10/2025 @ 9:00 AM
- 10/1/2025 @ 9:00 AM
- 11/17/2025 @ 10:00 AM
- 12/15/2025 @ 9:00 AM
- 1/29/2026 @ 10:00 AM
- 2/10/2026 @ 10:00 AM
- 3/12/2026 @ 9:00 AM
- 4/10/2026 @ 10:00 AM
All times are Eastern Time Zone
