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Audit Training – Level 2 – Session 3

October 26, 2022 @ 11:30 am - 5:30 pm EDT

|Recurring Event (See all)

An event every day that begins at 11:30 am, repeating until October 27, 2022


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

Audit Knowledge and Skills

  • Role of Audit Staff (AUD 1)
  • Risk Based Auditing (AUD 1)
  • Audit Process (AUD 2)
  • Understanding the Entity (AUD 2)
  • Understanding and Documenting Internal Controls (AUD 2)
  • Beyond the Basics (AUD 1)
  • Fraud (AUD 2)
  • Substantive Analytical Procedures (AUD 2)
  • Substantive Sampling (AUD 2)
15 Credits

Specialized Accounting and Auditing Topics

  • Accounts Receivable (AUD 2)
  • Auditing Inventory (AUD 1, ACCT 1)
  • Introduction to Data Analytics in the Audit (AUD 3)
7 Credits

Professional Skills

  • Performing Effective Inquiries (COM 1/AUD 1)
2 Credits

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

Module Information

Program Duration Variable
Prerequisite 6-18 Mos. Professional Experience
Level of Instruction Basic
Delivery Method Group Internet

CPE Credits

  • Auditing – 22
  • Accounting – 1
  • Communications & Marketing – 1
24 Credits
Advanced Preparation None

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
Need to cancel or make a substitution? Contact Beckie Reilly at Beckie.reilly@20-20services.com or call her at 855.988.2020.
20-20 Services LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.


October 26, 2022
11:30 am - 5:30 pm
Event Categories:


Beckie Reilly
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