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Audit & Assurance: Staff Three

Audit & Assurance: Staff Three

In the third installment of our comprehensive four-part Audit Staff training series, both seasoned professionals and emerging in-charge auditors will delve deeper into intricate realms such as investments, intangible assets, goodwill, and other complex domains. This expanded expertise is pivotal for aspiring audit staff members seeking success and a well-rounded skill set.


Discover the art of applying best practices to tackle progressively advanced audit topics and delve into the thematic areas that set apart a proficient audit professional.


Within this third training session, tailored for both experienced staff and fresh in-charge personnel, you'll delve into the following subjects:

  • Mastery of Engagement Management and Supervision
  • Navigating Research Tools, including the utilization of ChatGPT
  • Proficient Audit Risk Assessment
  • Crafting Effective Auditing Procedures
  • Finesse in Workpaper Review
  • Profound Understanding of Audit Sampling for Internal Control Testing
  • Insight into Audit Sampling for Substantive Sampling
  • Proficiency in Auditing Revenue
  • Skill in Auditing Contingent Liabilities
  • Assessing Going Concern
  • Expertise in Auditing Investments
  • Proficiency in Auditing Intangible Assets and Goodwill


Who Stands to Gain:

  • Seasoned Staff Members
  • Novice In-Charge Auditors
  • Audit Firms Seeking Consistent Training and Standardization

Each attendee will receive 12 Auditing CPE Event Hours (YB). A certificate of completion will be provided.

  • Details on Event Presentation

    Offered on Wednesday-Thursday once every six weeks in two six hour sessions for 12 CPE credits.

    The sessions will run from 9:00 a.m. to 3:00 p.m. Central Time Zone. There will be a lunch break from 12:00 noon to 12:30 p.m. each day.

    We can schedule private events on your timetable for two or more attendees.

  • CPE Event Highlights

    • Auditor responsibilities
    • Risk assessment
    • Engagement management and supervision
    • Working paper review
    • Sampling and sampling substantive sampling as concepts
    • Auditing revenue
    • Auditing contingent liabilities and going concern
    • Auditing investments
    • Auditing intangible assets and goodwill
    • Research tools
  • Learning Objectives

    Improve the effectiveness of attendees by:

    • Identify and perform the core responsibilities of the in-charge auditor, including materiality, risk assessment, and audit strategy.
    • Effectively test controls, including gathering evidence of effectiveness, assessing deficiencies, and communicating findings.
    • Design and perform substantive procedures, including substantive analytical procedures, and substantive tests of details.
  • Key Issues on the Agenda


    Session 1: Introduction to Leading an Audit Team

    • Leadership Fundamentals
    • Audit Team Dynamics
    • Auditing planning and strategy
    • Delegation and follow-up

    Session 2: Risk Management

    • Researching Audit Risks
    • Materiality
    • Resaonable Assurance
    • Inherent Risk
    • Residual Risk

    Session 3: The Regulatory Environment

    Session 4: Audit Workpaper Development

    • Audit procedures creation
    • Audit evidence documentation
    • Quality control and review

    Session 5: Audit Sampling and Testing Execution

    • Internal Control Testing
    • Substantive Testing

    Session 6: Critial Audit Matters and other issues

    • CAMs from the PCAOB standpoint
    • Going conern
    • Audting revenue
    • Contingent liabilties
    • Investments
    • Intangible assets and goodwill

    Session 7:  Summary and Wrap-Up

    • Your Keys to Success!
  • NASBA Program Disclosure

    Program Level of Understanding: Intermediate

    Prerequisites: None

    Advance Preparation: None

    Delivery Format: Seminar (Group-Live)

    NASBA Field(s) of Study: Auditing

    CPE Credits: 12, based on 50 minutes of instruction per hour

  • Summary of the Subject Matter


    This CPE event is designed to provide participants with the knowledge and skills to perform effective financial audits. The seminar covers topics such as:

    • The audit process and the role of the auditor
    • The audit risk model and the concept of materiality
    • The audit evidence and the audit procedures
    • The audit documentation and the audit report
    • The ethical and professional standards for auditors

    The CPE event is suitable for auditors who have completed staff level one and two training, or have equivalent experience. It is also beneficial for those who want to refresh their audit skills and update their audit skills knowledge.


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