Audit Training – Level 2 – Session 3

Level Two Summary

Staff Training is designed for staff accountants with one busy season of experience. This program includes significant content targeted for tasks and procedures performed by the more experienced staff person on the engagement. Topics include updating internal control documentation, performing walkthroughs, sampling techniques, valuation testing for accounts receivable and data analytics. In addition, the program provides skill training on select key foundational skills necessary for success in the public accounting profession.

Module Summary

The course material utilizes case studies pulled from current, real life tax scenarios.

Module Information

Learning Objectives

• Apply basic risk assessment procedures, including updating and validating cycle level control documentation and entity understanding.
• Effectively perform basic audit procedures such as analytical procedures, sampling and fraud procedures, and address specific areas such as valuation of receivables, accounting for leases, and revenue.
• Gather and share information with the client and audit team, and demonstrate appropriate and ethical decision making