December 2024 Level 2 Audit Training

03decAll Day12December 2024 Level 2 Audit Training Event Organized ByGalasso Learning SolutionsEvent Type VirtualVirtual

Event Details

Level 2 Audit Training builds on the foundation laid in Level 1 by introducing more complex audit areas including accounting estimates, investments, revenue, and prepaid expenses. We build on the internal control fundamentals by demonstrating how to perform walkthroughs of various cycles. Learners will also explore other types of engagements including preparation, compilations and reviews. By the end of the program, attendees will be more confident and competent auditors with a solid understanding of key audit areas.

Level 2 Audit Training will be engaging and interactive, with opportunities to work in small groups and apply knowledge learned. At Galasso Learning Solutions, we don’t believe in stale, dry, or boring CPE training sessions but rather real-world information that promotes interactive learning. By the end of the program, attendees will be more confident and competent auditors with a solid understanding of key audit areas.

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

  • Recall the audit assertions applicable to the investments, revenue & receivables, and prepaid expense balances
  • Recognize risks & threats related to the investments, revenue & receivables, and prepaid expense balances
  • Identify substantive auditing procedures that are used to obtain comfort over investments, revenue & receivables, prepaid expenses
  • Recall the purpose of a walkthrough
  • Perform proper procedures while conducting a walkthrough
  • Identify red flags that may arise while performing walkthrough procedures
  • Perform procedures during a walkthrough of the revenue cycle
  • Recall the parts of the revenue cycle
  • Identify control deficiencies while performing a walkthrough of the revenue cycle
  • Recall best practices in professionalism during oral and written communication with clients
  • Perform audit procedures to obtain comfort over the reasonableness of management’s estimates
  • Recall circumstances that require accounting estimates
  • Recognize the differences between preparation, compilation, & review engagements
  • Identify the specific procedures related to preparation, compilation, & review engagements

Who Should Attend:

  • Audit staff with approximately one year of experience


o Day 1, Tuesday, December 3, 2024

  • How to Audit: Prepaid Expenses
  • Best Practices: Introduction to Conducting Meaningful Walkthroughs

o Day 2, Thursday, December 5, 2024

  • How to Audit: Revenue & Receivables
  • Performing Walkthroughs: Revenue Cycle

o Day 3, Tuesday, December 10, 2024

  • Power Skills: Your Guide to Professionalism and Client Interactions
  • How to Audit: Accounting Estimates

o Day 4, Thursday, December 12, 2024

  • How to Audit: Investments
  • Preparation, Compilation, & Review Engagements

Jaclyn will be presenting this four-day cohort.


Jaclyn Veno CPA | Auditing Level Training | CPE

Melisa Galasso, CPA, CSP, CPTD

Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting.

Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts.

Melisa is a Certified Speaking Professional, a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.

She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the AICPA’s Women’s Initiative Executive Committee (WIEC). She also serves as a Subject Matter Expert for the Center for Plain English Accounting. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors, and is a past Chair of the NCACPA’s A&A committee. In addition, Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.

Melisa received a Top 50 Women in Accounting Award in 2021 by Ignition, is a 2020 Enterprising Women of the Year Award recipient, and was honored as a “40 under 40” by CPA Practice Advisor in 2017, 2018, and 2019. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.