Cost-Saving Strategies for Small Audits ON DEMAND
Available Until
Your Desk
4.0 Credits
Member Price $116.00
Non-Member Price $133.00
Overview
High quality and efficiency are the basic objectives for audit engagements of all sizes. However, the costs and time associated with an audit can be daunting for small companies. The key is creating a process that minimizes cost and risk, while maximizing profitability. This course provides an overview of a simplified small audit approach, quality control policies and procedures, audit strategies, and audit planning for profits. The goal is simple: to help you create a strategy for small audits that includes compliance with applicable auditing standards and, at the same time, is effective and lucrative.
Highlights
Small Audits Made Easy and Profitable. Saving Time with Quality Control. Developing Cost-Beneficial Audit Strategies. Audit Planning for Profits. Illustrative Practice Aids.
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 the components of designing audit strategies for small audits that will comply with all applicable professional standards and achieve high levels of profitability. Recognize performance measures and documentation requirements for auditing procedures that result in both quality and efficiency. Recognize components and characteristics of audit risk, materiality calculations, and sampling decisions. Identify appropriate engagement completion procedures. Define small business by identifying common characteristics. how it should be incorporated throughout an engagement. Identify time-savings opportunities for clerical tasks, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Larry Perry, AICPA In-House Training
With 40 years’ experience as a CPA, Larry is a nationally-known author of accounting and auditing manuals, a professional continuing education instructor and author, and a consultant to CPA firms. Larry practices in Colorado Springs, Colorado and has served primarily small business, religious and small non-profit organizations and other nonprofit organizations. Larry is co-founder of CPA Firm Support Services, LLC, an organization dedicated to meeting the needs of small to medium-size CPA firms. He is currently developing audit guides and practice aids for use on very small audits that comply with the risk assessment standards and, at the same time, create efficiencies by reducing the volume of forms, checklists and working papers.
Non-Member Price $133.00
Member Price $116.00