Audit Staff Essentials – New Staff: Practical Applications
Begins: Ends:
(Check-In 8:45am EST)
Virtual
16.00 Credits
Member Price $599.00
Non-Member Price $799.00
Overview
In this second installment of the four-part Audit Staff Essentials series, first-year audit staff members are equipped with the foundational knowledge critical for success, both in initial engagements and throughout their careers. Serving as a companion to our New Staff: Core Concepts course, this course zeroes in on the vital skills and knowledge required to fulfill the responsibilities typically assigned to first-year audit staff. The course also provides valuable insights into the audit process, incorporating considerations related to the following areas: • Internal controls • Substantive testing • Financial statement captions • Fraud considerations • Analytical procedures and audit data analytics • And much more!
Highlights
System of internal control • Risk assessment • Fraud considerations • Analytical procedures • Basic auditing procedures for areas commonly assigned to new staff members
Designed For
Recently onboarded staff - First-year staff - Firms that want consistent training and level setting
Objectives
When you complete this course, you will be able to: • Recall the basics of internal control systems, including using the work of others. • Identify the key concerns regarding fraud considerations in a GAAS audit. • Recall the purpose and techniques regarding analytical procedures and their use in an audit. • Identify the potential of audit data analytics and areas where these procedures can be effective. • Identify the audit procedures typically performed by new staff in the following areas: • Cash and cash equivalents • Accounts receivable • Inventory • Prepaid and other current assets • Property, plant, and equipment • Accounts payable • Debt
Leader(s):
Leader Bios
Anne Marchetti, American Institute of CPAs
Anne M. Marchetti has 25 of years of finance and accounting experience in both private industry and public accounting. She is a Sarbanes-Oxley subject matter expert focused on the design, implementation, analysis and optimization of internal control systems as well as corporate governance and risk management programs. As a thought leader in this area, she developed a compliance methodology in conjunction with a delivery framework and has spoken at numerous conferences as well as published several articles on this particular subject. Ms. Marchetti has worked globally with both public and private entities in most industries as well as organizations of all sizes. She regularly interacts with external audit firms as a liason on behalf of these organizations. She authored 3 books entitled Beyond Sarbanes-Oxley Compliance – Effective Enterprise Risk Management, Sarbanes-Oxley On-going Compliance Guide and Enterprise Risk Management Best Practices: From Assessment to Ongoing Compliance. Ms. Marchetti served as the Global Service Line Director – Governance and Risk Management Practice at Parson Consulting. As the Practice Director she worked with numerous clients on Sarbanes-Oxley compliance initiatives and frequently collaborated as well as presented to Board’s of Directors in regard to Sarbanes-Oxley compliance, Corporate Governance and Enterprise Risk Management. Ms. Marchetti leverages this experience with a unique blend of technical skills which include management of ERP software implementations from a technology, process and accounting perspective. She has designed training programs for Board of Directors and Audit Committees as well as end users and consultants on various business software applications, Sarbanes-Oxley compliance, ERM in addition to IFRS and has conducted over 200 formal training seminars. Anne currently operates Account-Ability Consulting and provides advisory and consulting services in the areas of Sarbanes-Oxley compliance, internal controls optimization, corporate governance, enterprise risk management, IFRS, financial system implementation and training/education.
Non-Member Price $799.00
Member Price $599.00