As you take on new audit roles and responsibilities, you’ll want to have in place a strong conceptual groundwork for all future audit learning.
Part of Audit Staff Essentials (ASE), Level 2: New Staff: Practical Application focuses on the skills and knowledge needed to perform duties commonly assigned to first-year audit staff.
Level 2 covers the audit process, including practical, hands-on training for internal controls, substantive testing, fraud considerations, analytical procedures, and much more.
Recall the basics of internal control, including using the work of others. Identify the key concerns regarding fraud considerations in a GAAS audit. Recall the purpose and procedures regarding analytical procedures and their use in an audit. Identify the audit procedures typically performed by new staff in the following areas and match them to stated audit objectives and relevant assertions: Cash and cash equivalents Accounts receivable Inventory Prepaid and other current assets Property, plant, and equipment Accounts payable Debt
Internal controls Fraud considerations Analytical procedures Basic auditing procedures for areas commonly assigned to new staff members
Recently onboarded staff First-year staff Firms that want consistent training and level setting
The format for this self-study program is audio, video, and interactive elements. You will receive an email from the AICPA with access information for this product.
Non-Member Price $645.00
Member Price $515.00