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Description

Many organizations are audited by independent public accountants. The purpose of an audit is to express an opinion on the fairness of presentation of financial information prepared by management. An audit enhances the value of financial information by making it more trustworthy and credible.

In this multi-part course, we are going to learn how public accountants plan and execute an audit. The course is broken into four sections as follows:
Section I: An overview of the financial statement audit
Section II: Auditing principles
Section III: Internal controls and fraud controls
Section IV: Auditing cycles and audit completion

Field of Study: Auditing

What you will learn?
To discover the purpose and nature of a financial statement audit
To identify the players in the auditing industry
To recognize ethical considerations in auditing
To identify different forms of auditor’s reports
To discover the three phases of the audit process: planning, execution, and completion
To Identify management assertions
To discover the various forms of audit evidence
To identify different types of manual and electronic internal controls
To identify different types of fraud risks and controls
To discover approaches for assessing control risk
To discover testing approaches for internal controls
To identify approaches to auditing for fraud
To describe substantive audit procedures
Skills Covered
FINANCIAL STATEMENT PREPARTIONFRAUD DETECTIONFRAUD PREVENTIONINTERNAL AUDITAudit Standards
schedule Duration
3.75 hours
emoji_events Certificate
Available
bar_chart Level
Beginner
error_outline Prerequisites
No
check_circle Preparation
No
lock Access
One year

attach_money Price
US$77.22

emoji_events 100% moneyback guarantee
If you cancel within 10 days and you’re not completely satisfied, we’ll give you all your money back. No questions asked.

Features

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Verifiable
We make it easy for you to stay compliant with your organization's requirements by providing completion certificates that you can download anytime.
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Online
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Anytime
Learn at your leisure. You can start, pause, and restart the courses whenever you like. They are mobile optimized for extra convenience.
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Access the course for a full year
Start and finish on your own schedule
Download completion certificates
Share your certificate on LinkedIn
Curriculum
schedule 3.75
hours
1
Guide
|
2
Quiz
|
28
Video
Curriculum
1 Guide
2 Quiz
28 Video
schedule 3.75
hours
guide
Section 1. An Overview of the Financial Statement Audit-Part1
videocam Video
11 m
Introduction

videocam Video
6 m
Players of the audit industry

videocam Video
8 m
Generally Accepted Auditing Standards

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13 m
Auditing Ethics and Rules of Professional Conduct

videocam Video
5 m
Independent Auditors’ Report

videocam Video
5 m
Auditor Report Reservations
Section 2. Auditing Principles-Part1
videocam Video
10 m
Auditing Management Assertions

videocam Video
16 m
The Audit Process

videocam Video
17 m
Audit Evidence

videocam Video
11 m
Audit Risk Model

videocam Video
4 m
Assessing Inherent Risk

videocam Video
7 m
Materiality
Section 3. Internal Controls and Fraud Controls-Part1
videocam Video
10 m
Client Risk Profile

videocam Video
9 m
Audit Working Papers

videocam Video
5 m
What is an Internal Control?

videocam Video
11 m
Internal Control Framework

videocam Video
4 m
Assessing Control Risk

videocam Video
6 m
Testing Internal Controls

videocam Video
3 m
Small Business Assurance Engagements

videocam Video
9 m
Fraud Schemes

videocam Video
2 m
Fraud Triangle

videocam Video
5 m
Fraud Prevention & Detection
Section 4. Substantive Audit Work and Completion Procedures-Part1
videocam Video
5 m
Audit Planning Approach

videocam Video
7 m
Audit Programs

videocam Video
13 m
Auditing the Sales Cycle

videocam Video
11 m
Substantive Audit Procedures

videocam Video
10 m
Auditing For Fraud

videocam Video
10 m
Completing the Audit

quiz Quiz
Review Questions
Section 5. Final Exam-Part1
quiz Quiz
Final Exam
Learn from the best

Blair is a many-time and active financial executive, corporate director, author, speaker, and thought leader. His educational videos of accounting and finance have million of views on YouTube. He has keynoted and spoken at national conferences from New York to Toronto. Along with Jen, he co-hosts CPA Canada’s podcast series “CPA Success Podcast.” He works with real businesses ...

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Course
Financial Statement Auditing Principles
In this multi-part course, we are going to learn how public accountants plan and execute an audit.
Format: Online
Level: Beginner
Certificate: Available
Duration: 3.75 hours
TOTAL
US$77.22
You’ll be charged this price and get immediate access to all learning materials. Taxes are calculated at checkout.
Frequently Asked Questions
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Once you have completed all the sections of the course, the course progress will show as 100% complete, and will now appear under the Completed tab in your My Courses page. Under the course thumbnail, click "Get a certificate" to view your certificate and download it, if you wish. The certificate is also stored in our database so you don't have to worry about losing it. Certificates become available immediately after you complete the course, and are stored in our systems indefinitely.

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