Self-Study
10
Basic
Auditing
There are no prerequisites.

Course Description

In Essential Auditing Skills, Leita Hart-Fanta guides you through every step of conducting an audit. You'll learn the entire process - assessing risk, refining the audit objective, choosing methodologies, and documenting your work. The auditor's responsibilities for fraud, useful interviewing tips, and the elements of a finding are covered using case studies; frequent references to audit standards; and stories of audit failures and successes. The topics covered in this course apply to all auditors and audit types - whether auditing commercial entities, not-for-profits, or governments.



Instructor

Leita Hart-Fanta, CPA, CGAP, CGFM

Leita Hart-Fanta, CPA, CGAP, CGFM, converts the complex topics of accounting, finance, auditing, and strategic planning into information that professionals can absorb and use. She’s the author of Accounting Demystified, 2nd Edition; The Four Principles of Happy Cash Flow; and STEP-by-STEP: Building a Persuasive Audit Report.

Leita is an experienced facilitator, having led over 1,200 full or multiday seminars. She has also keynoted numerous conferences and developed over 25 distinct CPE courses, including self-study courses for Western CPE. She was named an Outstanding Presenter by the Institute of Internal Auditors (IIA) in 2014.

Leita worked 5 years with the Texas State Auditor’s Office as both an auditor and a communications specialist. She has owned and operated AuditSkills, a training and professional development company, since 1995. Her clients include EDS, Dell Computer, First Data Corporation, Joseph Eves CPAs, the Texas State Auditor’s Office, among many others.

She’s a graduate of the University of Texas at Austin with a bachelor’s in business administration. Leita serves on the government conference planning committee of the Texas Society of CPAs (TSCPA) and is a member of the AICPA, TSCPA, IIA, and the Association of Government Accountants (AGA).



Course Specifics

Auditing
Jun 23, 2017
There are no prerequisites.
SS9159021
243
None


Compliance Information

103220
Qualifies for CA Fraud: 9 Aud, 1 CA Fraud


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Contrast the objective and scope of an audit project.
  • List the questions that auditors seek to answer.

Chapter 2

  • Differentiate between standard-setting bodies.
  • Identify the different types of audits.

Chapter 3

  • Identify and arrange the steps in conducting an audit.
  • Identify the steps of an audit with the phases of an audit.

Chapter 4

  • Cite common flaws in the conduct of an audit.
  • Identify common deliverables on an audit.

Chapter 5

  • Identify the requirements for gaining an understanding of an audit subject.

Chapter 6

  • Identify how to assess the weakness in a given criteria.

Chapter 7

  • Distinguish between the two main steps to doing a risk assessment.

Chapter 8

  • Distinguish between the types of inherent risk.

Chapter 9

  • Classify controls into the categories of the COSO model of controls.
  • Distinguish between a control's design and its implementation.

Chapter 10

  • Distinguish among inherent risk, control risk, and detection risk.

Chapter 11

  • Define terms used in risk assessment for a financial audit.

Chapter 12

  • Distinguish between inherent risk, control risk, and detection risk in a performance audit.

Chapter 13

  • Identify the two basic steps of conducting a risk assessment for a compliance audit.

Chapter 14

  • Distinguish between a workable objective and a vague objective.

Chapter 15

  • Identify weak and vague audit methodologies.

Chapter 16

  • Classify evidence into one of three types.
  • Differentiate between 'sufficient' evidence and 'appropriate' evidence.

Chapter 17

  • Identify and order the steps of conducting an interview.

Chapter 18

  • Distinguish between the elements of a working paper.
  • Identify the standards for working paper documentation.

Chapter 19

  • Distinguish between the elements of a finding.
  • Identify whether a finding follows the simple rules of logical organization of a finding.

Chapter 20

  • Identify the questions that you should consider at the end of your engagements.


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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