Webcast
How to Get a Better Return on Financial Statement Audits: Avoiding the Most Misapplied Risk-Based Audit Concepts
Strengthen audit quality and profitability with practical guidance on risk assessment, substantive testing, sampling, and documentation. Learn how better client preparation and engagement management can reduce rework and improve efficiency.
$392.00
Webcasts are available for viewing Monday – Friday, 8am – 8pm ET,
and Saturday & Sunday, 10am – 6pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction CPE Credits
8 Credits: Auditing
Course Level
Intermediate
Format
Webcast
Course Description
Improve the efficiency and profitability of financial statement audits by aligning audit effort with assessed risk. In this CPE webcast, Jennifer F. Louis, CPA, examines commonly misapplied audit concepts, including materiality, internal controls, evidence, and the nature, timing, and extent of testing.
Through practical examples and workpaper reviews, learn to strengthen substantive analytical procedures, improve sampling decisions, and document audit conclusions clearly. This CPE course also addresses client readiness, team expectations, timely workpaper review, and engagement wrap-up to reduce delays and avoidable rework.
Learning Objectives
Upon completion of this course, participants will be able to:
- Identify how assessed risk of material misstatement and materiality influence the nature, timing, and extent of audit procedures.
- Distinguish between evaluating the design and implementation of internal controls and testing their operating effectiveness.
- Evaluate the sufficiency and appropriateness of audit evidence in supporting audit conclusions.
- Identify methods for strengthening substantive analytical procedures, including developing expectations, assessing data reliability, and investigating significant differences.
- Recognize key considerations in defining populations, selecting audit samples, and evaluating sampling results.
- Identify common deficiencies in performing, documenting, and reviewing audit procedures, including tests of details.
- Identify client preparation, team supervision, and engagement completion practices that improve audit efficiency and profitability.
Course Specifics
WC1926493445
October 19, 2026
Experience in basic audits.
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of …
Webcast
