There are no prerequisites.

Course Description

Despite time constraints, auditors are responsible for producing high-quality audits that minimize risk and maximize profits. This course offers numerous methods that are practical, easy to implement, and designed to save you time when performing both large and small audits. From the planning phase through the completion phase, these policies and procedures work together to generate top-notch audit engagements in the least amount of time. By challenging traditional approaches to performing audits, this course offers a potpourri of opportunities to increase audit engagement and a firm's profitability.


Larry L. Perry, CPA

Larry L. Perry, CPA, has been in practice for over 40 years. He writes accounting and auditing manuals and is currently an author and presenter of live staff training seminars, live webcasts, and self-study CPE programs, including self-study courses for Western CPE.

He’s a managing member of CPA Firm Support Services, LLC, an organization that provides resources, training, and consulting to smaller CPA firms. Larry focuses on practical ways to perform effective and efficient accounting and auditing engagements.

Course Specifics

Mar 6, 2018
There are no prerequisites.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

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

Part 1

  • Recognize strategies to increase profits through ongoing client investigations and save time with quality control.
  • Identify ways to modify practice aids.
  • Recognize the importance and benefits of investing in staff training.

Part 2

  • Recognize the optimum order for audit planning, noting the results of performing planning procedures out of order, planning on the run, or failing to plan.
  • Identify various reporting frameworks and select an appropriate framework to maximize time savings.
  • Recall ways to maximize time when reviewing prior year's working papers.
  • Cite changes that an auditor can make to gather lesser amounts of evidence while still complying with the requirements of applicable auditing standards.
  • Cite engagement activities that maximize on-the-job-training, ways to maximize substantive evidence from risk assessment procedures, and the use of a planning document to guide planning activities.
  • Recognize cost-beneficial audit strategies, noting the effects of inherent risk, control environment on control risk, and low-reliance tests of controls or walk-through procedures.

Part 3

  • Recognize the components of key controls at the entity level and at the activity level.
  • Cite the steps involved in using professional judgment to minimize the size and number of practice aids.
  • Cite ways to minimize audit documentation and design cost-beneficial audit strategies.
  • Identify the basic elements of a quality control system and how these elements can be applied on audit, review, and compilation engagements.
  • Recall the process for modifying a standard audit program considering the nature, size, and complexity of a reporting entity.

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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