Table of Contents Audit Financial Statement

Audit Financial Statement Description Audit Financial Statement Audit Financial Statement Learn the audit process from planning to audit report form a Certified Public Accountant (CPA). Course Provider: Person Course Provider Name: Robert Course Provider URL: https://www.udemy.com/user/c91d6786-95f3-48d8-ab94-cc92431d2aa4/ Editor's Rating:

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Audit Financial Statement Learn the audit process from planning to audit report form a Certified Public Accountant (CPA).

Audit-Financial Accounting will discuss, in detail, the auditing process of financial statements.

The course will start by discussing what an audit is, as well as what the terms attest engagement and assurances services mean.

We will discuss the audit environment, the general format of a public accounting firm, and the general format of an audit team that would conduct the procedures related to an audit. The course will also discuss regulations and regulatory institutions related to the audit process.

The course will cover the planning process for an audit engagement. The planning process is a very important component of the audit because it will outline the steps that will be taking. The highest levels of the public accounting firm are generally involved in the planning process.

We will consider how to assess risk related to the audit using an audit risk Model. The risk assessment will help us plan the audit and determine where the auditors time can be spent most efficiently to gather evidence to support the auditor’s conclusion and opinion.

Learners will learn the different formats of audit evidence and how to document audit evidence so that it can be used as evidence to support the conclusion and opinion of the auditor.

We will exam the internal controls of the organization. Internal controls are policies set up by management to achieve the objectives of the organization. As auditors, we are primarily concerned with internal controls that will lower the risk of financial statements being materially misstated.

If we can rely on internal controls as an auditor, we may be able to do more testing of the controls and less substantive testing, and this can be more efficient.

Audit Financial Statement Description