• Internal controls
• Fraud considerations
• Analytical procedures, including audit data analytics and their potential in various audit cycles
• Basic auditing procedures for areas commonly assigned to new staff members
Learning Objectives
When you complete this course, you will be able to:
- Recall the basics of internal control, including using the work of others.
- Identify the key concerns regarding fraud considerations in a GAAS audit.
- Recall the purpose and procedures regarding analytical procedures and their use in an audit.
- Identify the potential of audit data analytics and areas where these procedures can be effective.
- Identify the audit procedures typically performed by new staff in the following areas:
- Cash and cash equivalents
- Accounts receivable
- Inventory
- Prepaid and other current assets
- Property, plant and equipment and leases
- Accounts payable
- Debt
Major Topics
• Internal controls
• Fraud considerations
• Analytical procedures, including audit data analytics and their potential in various audit cycles
• Basic auditing procedures for areas commonly assigned to new staff members