Auditing Part 1

Auditing Part 1, available at Free, has an average rating of 4.75, with 24 lectures, 8 quizzes, based on 45 reviews, and has 793 subscribers.

You will learn about History and Purpose of Auditing How Auditing Related to Financial Accounting Generally Accepted Auditing Standards (GAAS) Planning and Supervision Risk Assessment and Scoping Audit Risk Model Fraud Risk Model (Triangle and Diamond) Internal Control Impact of Sarbanes Oxley Act of 2001 Audit Evidence Audit Sampling Managerial Representations/Assertions Financial Audit Opinions and Reports This course is ideal for individuals who are This auditing course is for anyone who wants to learn more about auditing and its relationship to accounting. This course builds upon what we have learned in the financial accounting courses and discusses how the information is reviewed to provide assurance to those that use the information. If you are taking an auditing course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about auditing, this course is for you. This course continues on into a Part 2 where we discuss specific audit procedures for various accounts, transactions, and cycles. It is particularly useful for This auditing course is for anyone who wants to learn more about auditing and its relationship to accounting. This course builds upon what we have learned in the financial accounting courses and discusses how the information is reviewed to provide assurance to those that use the information. If you are taking an auditing course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about auditing, this course is for you. This course continues on into a Part 2 where we discuss specific audit procedures for various accounts, transactions, and cycles.

Enroll now: Auditing Part 1

Summary

Title: Auditing Part 1

Price: Free

Average Rating: 4.75

Number of Lectures: 24

Number of Quizzes: 8

Number of Published Lectures: 24

Number of Published Quizzes: 8

Number of Curriculum Items: 32

Number of Published Curriculum Objects: 32

Original Price: Free

Quality Status: approved

Status: Live

What You Will Learn

History and Purpose of Auditing
How Auditing Related to Financial Accounting
Generally Accepted Auditing Standards (GAAS)
Planning and Supervision
Risk Assessment and Scoping
Audit Risk Model
Fraud Risk Model (Triangle and Diamond)
Internal Control
Impact of Sarbanes Oxley Act of 2001
Audit Evidence
Audit Sampling
Managerial Representations/Assertions
Financial Audit Opinions and Reports

Who Should Attend

This auditing course is for anyone who wants to learn more about auditing and its relationship to accounting. This course builds upon what we have learned in the financial accounting courses and discusses how the information is reviewed to provide assurance to those that use the information. If you are taking an auditing course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about auditing, this course is for you. This course continues on into a Part 2 where we discuss specific audit procedures for various accounts, transactions, and cycles.

Target Audiences

This auditing course is for anyone who wants to learn more about auditing and its relationship to accounting. This course builds upon what we have learned in the financial accounting courses and discusses how the information is reviewed to provide assurance to those that use the information. If you are taking an auditing course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about auditing, this course is for you. This course continues on into a Part 2 where we discuss specific audit procedures for various accounts, transactions, and cycles.

Auditing is the next progression in the accounting curriculum. Auditors add value to the information prepared by the financial accountants because their work makes it more reliable and trustworthy. Whether you are going into the field of auditing or are just an investor wanting to know more about the auditors report you are reading and what goes into it, this course will help.

We learn about the core financial statements themselves, the types of evidence that an auditor will gather during their review, the standards they must follow, how they document their work, and how they ultimately communicate the results.

This course is for anyone who may have felt lost in prior auditing courses and wants real life examples and a down to earth explanation, rather than something read word-for-word out of a textbook. Is this you? Then you are in the right place!

This course is taught by an instructor with over fifteen years of training experience, including corporate training, face to face instruction, and online course development. In addition to the lectures and study material common to many other courses, this course also has a downloadable textbook/study note file, along with downloadable Excel templates paired with a lecture walking through the solution once you are done. To test your knowledge of the basic concepts we also have quizzes after each section to make sure you feel comfortable with the topic before moving on to the next one.

At the end of this course, you will have a better understanding of the standards and processes of auditing. You will be able to pass that class!! Let’s get started!

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Chapter 2: Overview of the Audit Profession and Standards

Lecture 1: Study Notes – Need for Audit and Assurance Services

Lecture 2: Study Notes – Types of Audit and Assurance Services

Lecture 3: Study Notes – The Securities and Exchange Commission (SEC)

Lecture 4: Study Notes – The American Institute of Certified Public Accountants (AICPA)

Lecture 5: Study Notes – The Sarbanes-Oxley Act

Lecture 6: Study Notes – The Public Company Accounting Oversight Board (PCAOB)

Lecture 7: Study Notes – Certified Public Accounting Firms and CPAs

Lecture 8: Study Notes – Auditing Standards (GAAS vs. SAS)

Chapter 3: Auditor and Management Responsibilities

Lecture 1: Study Notes – Auditor vs. Management Responsibilities

Lecture 2: Study Notes – Management Assertions Part 1

Lecture 3: Study Notes – Management Assertions Part 2

Lecture 4: Video – Management Assertions

Chapter 4: Ethics and Legal Liabilities

Lecture 1: Study Notes – Ethics Overview

Lecture 2: Study Notes – Independence

Chapter 5: Audit Planning and Risk Assessment

Lecture 1: Study Notes – Audit Risk Model

Lecture 2: Video – Materiality and Audit Risk Model

Chapter 6: Evidence and Sampling

Lecture 1: Video – Qualitative Characteristics of Evidence

Lecture 2: Study Notes – Overview of Sampling Theory

Lecture 3: Study Notes – Methodology, Design, and Stratification

Chapter 7: Fraud and Internal Controls

Lecture 1: Study Notes – Fraud Risk (Triangles and Diamonds)

Chapter 8: Auditor Opinions and Communications

Lecture 1: Study Notes – Standard Unqualified Audit Report

Lecture 2: Video – Audit Opinions

Chapter 9: Course Wrapup

Lecture 1: Wrapup – Intro to Auditing Part 2

Instructors

Chris Severson
Accounting Professor, Training Manager, and Course Developer

Rating Distribution

1 stars: 0 votes
2 stars: 1 votes
3 stars: 7 votes
4 stars: 9 votes
5 stars: 28 votes

Frequently Asked Questions

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