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Audit Skills Training: Level 2 - Staff Accountant- Consecutive 2-Day Course (2AUD) (SU2AUD04)

Date:Friday, October 11, 2019
Time:9:00 AM - 5:00 PM
(Registration at 8:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:8.0 Accounting and Auditing
Instructor: Jennifer F. Louis
Vendor:Surgent McCoy
Course Level:Basic
Early Bird Price:$239.00 FICPA Members, $359.00 Non-Members

Level 2 prepares less-experienced staff for assuming a greater level of responsibility on engagements. Once staff have "gotten their feet wet" by participating on a few engagements, this course will help auditors thoughtfully reflect on their experiences, and help to take basic knowledge to the next level. This course will include many real-life case studies for common audit areas assigned to staff in the first year.

  • Perform effective and efficient compilations and reviews
  • Describe the fundamentals of strong analytical procedures on an audit
  • Explain the fundamentals of sampling for attribute testing and substantive purposes
  • Perform high quality audit procedures for common audit areas in nonpublic entities
  • Discuss the financial statement drafting and issuance process, including significant elements of the auditor’s report
  • Be familiar with the results of the numerous case studies, exercises, and illustrations that reinforce key learning points throughout the course

Major Topics:
Each module includes a lecture followed by in-class group case studies and activities. In this two-day course, the following two-hour modules will be presented:
  • Day 1:
    • Compilations and reviews: Performing effective and efficient compilations and reviews
    • A/R and revenue: Auditing accounts receivable, including external confirmation requirements
    • Property, plant, and equipment: Auditing PP&E, including leases      
    • Inventory: Auditing basic inventory - performing physical inventory observations
  • Day 2:
    • A/P, accrued expenses, and debt: Auditing liabilities, including debt classification and covenants
    • Analytical procedures: Analytical procedure fundamentals used in an audit
    • Sampling: Audit sampling fundamentals
    • Financial statement reporting: Financial statement drafting and reporting fundamentals

Who Should Attend:
Staff accountants with 4-12 months of audit experience


Advanced Preparation:


If listed below, select the appropriate sessions or options to continue with your purchase.

Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.