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Audit 107: Auditing Cash - Applying Basic Audit Skills WEBINAR


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2.0 Credits

Member Price $89.00

Non-Member Price $109.00


This course demonstrates how the approach to auditing different cash accounts may vary and how to strengthen inquiry which is an important audit procedure in this area. Cash tends to be one of the first areas assigned to new auditors, as there is typically little complexity and subjectivity involved. In addition, persuasive audit evidence from a third-party is generally available. However, research shows that around 80% of asset misappropriation relates to cash. Therefore, the audit of accounts and classes of disclosures related to cash and cash equivalents does tend to carry some level of risk of material misstatement. This course is recommended for beginning auditors. It is also appropriate for anyone who has responsibilities for auditing cash and cash equivalents.


Typical audit risks and special considerations related to cash and cash equivalents. Designing a detailed audit plan, linking assessed risk to planned procedures. Performing typical audit procedures associated with auditing cash and cash equivalents. Case study related to auditing cash and cash equivalents, including identifying and evaluating a misappropriation of cash. Identifying how to obtain evidence through inquiry of the client.



Designed For

Professionals requiring fundamental guidance in how to design and perform a detailed audit plan for a less-complex audit area.


Identify designing and performing standard audit procedures related to cash and cash equivalents. Recognize typical presentation and disclosure issues related to cash. Recall how to evaluate audit evidence associated with this typically starting audit area, including evidence obtained through inquiry.






Leader Bios

Jennifer Louis, Surgent McCoy CPE, LLC

Jennifer F. Louis, CPA has over 25 years of experience in designing and presenting high-quality training programs in a wide variety of technical accounting, auditing, and “soft skills” topics needed for professional and organizational success. She is the principal author of audit and attest related courses for Surgent and a frequent speaker at Surgent live programs and seminars. Ms. Louis is also the president of Emergent Solutions Group, LLC, a company she founded in 2003, dedicated to developing and delivering a wide variety of accounting and auditing training services, including audit staff training, audit productivity improvement, and value-added auditing. Prior to that, she was executive vice president/director of training services at AuditWatch, Inc. Before joining AuditWatch, Ms. Louis was the financial/operational internal audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.

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Non-Member Price $109.00

Member Price $89.00