Audit Staff Essentials - New Staff Core Concepts: What Is an Audit?

Overview

New audit staff can learn about important audit topics, including who an auditor works for, what the overall objectives of an audit are, which professional standards are applicable, and much more.

Prerequisites

None

Designed For

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

Objectives

Learning Outcomes

• Recognize the general concept of an audit, its importance, and what an auditor does and does not do in performing an audit.
• Identify the importance of the concepts of independence and professional skepticism in an audit.
• Recall the principles that apply to auditors contained in the AICPA Code of Professional Conduct.
• Recall and distinguish between the definitions of attest and assurance services and the related levels of service.
• Recognize the various standard setters and the professional standards they promulgate.