Fundamental Audit Strategies For Small And Medium-Sized Audits ON DEMAND

Overview

Every member of an engagement team is responsible for adequately preparing assignments, communicating with supervisors, and performing and documenting procedures in an effective and efficient manner. And each member of the team will benefit from Larry Perry’s more than 40 years’ worth of experience in accounting and auditing. In Fundamental Audit Strategies for Small and Medium-Sized Audits, Larry will break the processes down, focusing on the accounting and auditing standards that you need to know for each major audit area. You’ll learn strategies to assess the levels of risk and material misstatement, giving you tools to design and perform procedures consistent with the planned evidence mix. In the end, you’ll come away with a firm grasp of the entire audit process, producing both quality and profits.

Highlights

Audit Strategies. Auditing Cash. Auditing Accounts Receivable. Auditing Inventories. Auditing Investments. Auditing Fixed Assets. Auditing Goodwill and Intangibles. Auditing Accounts Payable and Accrued Expenses. Auditing Income Taxes. Auditing Revenues. Auditing Payroll and Operating Expenses.

Prerequisites

None.

Designed For

CPAs, controllers, accountants, financing professionals, business owners, and managers.

Objectives

Recognize the philosophies underlying cost-beneficial audit strategies for audits of small- to medium-size entities. Identify audit strategies for small audits that will comply with all applicable professional standards and achieve high levels of profitability. Recognize auditing procedures for small- to medium-size audits that result in both quality and efficiency. Recognize the importance of leadership involvement on all audits. Cite the relationship of audit risk, materiality calculations, and sampling decisions. Identify appropriate engagement completion procedures, and more.

Preparation

None.

Notice

None.