Customer Service: 800-778-7436     

    Log In to Your Surgent Account

    Forgot?
    Forgot?

    Register for an Account

Sign In to Your Surgent Account

Forgot Username or Password | Register for an Account

Choose CPE Format:

Live WebinarSELECT

There are currently no upcoming dates scheduled for this webinar. Please fill out this short form to be notified when this webinar is next available. 

FIRST NAME
LAST NAME
EMAIL ADDRESS
COMMENTS (OPTIONAL)
Self-StudySELECT STARTING AT $54

On-Demand Webcast

Credits: 3

Qualifies For:

$54
Get this course FREE with an Unlimited Package! Learn More
  • It was an awesome course. I have recommended it to a couple of CPA friends.

    - A Surgent Customer

Interested in bringing this course into your firm?

PRIVATE WEBINARS AND LIVE ON-SITE COURSES ARE AVAILABLE. LEARN MORE.

The Basic Audit Concept (Audit Skills Training: Level 1) (A1M6)

  • Customer Rating
  • Field of Study
    Auditing
  • Level
    Basic
  • Credits
    3
  • Qualifies for

    CPE

Overview

Financial statement auditors are engaged to provide reasonable assurance that financial statements are not materially misstated, whether due to fraud or error. Professional standards require auditors to obtain sufficient and appropriate evidence to support that opinion. It is critical for effective and efficient auditors to have a clear understanding of all the important elements and concepts related to a financial statement audit.

Major Topics:

  • The reason that entities engage a financial statement audit
  • List the applicable financial reporting frameworks available
  • Differentiate the responsibilities of management and auditors
  • The various phases of a financial statement audit
  • Evaluating and documenting audit risk, both at the overall and relevant assertion level
  • Case study differentiating high risk audit engagements and higher risk audit areas
  • Learning Objectives

  • Clarify the basis for an audit
  • Explain the auditor’s professional responsibilities
  • Describe important audit concepts, such as materiality
  • Complete the audit risk formula
  • Identify and assess risk of material misstatement
  • Who should take this course:

    Designed for:

    Professionals new to auditing

    Prerequisite:

    None

    Advanced Preparation:

    None

    Loading...

    Loading...

    Thank You!

    YOU HAVE ADDED THE FOLLOWING TO YOUR CART:


    Loading...

    Thank You!

    Thank You! Your request has been submitted.



    Get More with a Surgent CPE package

    Self-Study Library Package

    • Unlimited 24/7 access to 200+ downloadable self-study courses

    • Courses range from 2-20 credits

    • Provides online grading & CPE certificates by email

    $499

    Learn More

    Unlimited Webinar Package

    • Unlimited access to all non-premium live CPE webinars

    • Includes 1-, 2-, 3-, 4-, and 8-hour webinars, including Saturday and evening options

    • Access through 12/31/16

    $649

    Learn More

    Unlimited Plus Package

    • Unlimited access to ALL live CPE webinars

    • Includes all premium courses and virtual conferences

    • Unlimited 24/7 access to all self-study courses

    • Includes all on-demand webcasts Access for a year from purchase date

    • Unlimited 24/7 access to all self-study courses

    $849

    Learn More
    • CPE Continuing Professional Education for CPAs

    • IRS Continuing Education for EAs and the AFSP program

    • CFP Accepted by the CFP® Board

    • YB YellowBook Continuing Education

    Explore Additional Courses by Topic

    SURGENT IS APPROVED AS A PROVIDER OF CONTINUING EDUCATION BY:

    Thank You!

    Thank You! Your subscription has been submitted.