After attending this presentation you will be able to…

• Recognize the auditor’s responsibilities for fraud
• Recall best practices for identifying and evaluating audit risk
• Identify risks and common techniques for auditing accounts receivable, inventory, liabilities, long-term debt, and more
• Indicate the proper design and performance of analytical procedures on a financial statement audit
• List tips for avoiding common mistakes when applying sampling on financial statement and compliance audits
• Identify core concepts important for drafting and issuing audited financial statements, including disclosures

The major topics covered in this class include:

• Fraud risk – Complying with minimum audit requirements
• Best practices for identifying and evaluating audit risk – Linking risk to the detailed audit plan
• Auditing accounts receivable – Focusing procedures for testing existence and valuation
• Auditing inventory – Performing required physical inventory observations and other common procedures
• Auditing liabilities, including long-term debt – Addressing the risks of completeness, classification, and disclosure
• Analytical procedures – Comprehending financial statement audit fundamentals
• Sampling – Avoiding common mistakes on financial statement and compliance audits
• Audit reporting fundamentals – Introducing core concepts in the audited financial statement drafting and issuance process

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.