2026 Auditing – Successful Audit Planning

Description

The auditor uses four phases to meet the overall objective of the audit, which is to express an opinion on the fairness with which the financial statements present fairly. Every audit requires planning, which occurs during the first of the four audit phases. Audit planning is a course that will review the audit planning process. This course will discuss the important of evaluating materiality and risk, which will impact the auditor’s planned audit evidence. This course will describe how to develop a preliminary judgment about materiality and consider the most appropriate risks for each engagement. This course will review the eight steps involved in creating the audit plan.

Learning Objectives
At the end of this course, students will be able to:
•    Identify the purpose of internal controls.
•    Recognize the internal control framework used by most companies based in the United States.
•    Identify the interrelated components for an effective internal control system.
•    Recognize the purpose of identifying audit risk.
•    Recognize the difference between control deficiency, significant deficiency and material weakness.
•    Identify why materiality is important for an audit of financial statements.
•    Make a preliminary judgment about what amounts to consider material.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate.

You have 1 year after purchase/enrollment to complete this course. Upon course completion a course evaluation form is provided for your feedback.

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/