December 2024 Level 3 Audit Training

02decAll Day11December 2024 Level 3 Audit Training Event Organized ByGalasso Learning SolutionsEvent Type VirtualVirtual

Event Details

Level 3 Audit Training is designed for new seniors who have supervision and review responsibilities, while still having accountability for key audit areas. The curriculum includes journal entry testing, analytical procedures, sampling, auditing contingencies and going concern, and the use of an auditor’s specialist. Throughout the series, we will provide context on what constitutes sufficient appropriate audit evidence and will also introduce trends in financial statement fraud.

In addition to honing their technical competencies, the curriculum will introduce power skills including project management, feedback, and delegation to support your new seniors as they take on their newly expanded client-facing role.

Level 3 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. Attendees of Level 3 Audit Training will understand the fundamentals of auditing and have a solid foundation for all future audit learning.

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

  • Recognize the risks and threats of adjusting journal entries
  • Recognize the controls over recording journal entries at an entity
  • Identify the substantive procedures that should be used to obtain comfort while testing journal entries
  • Identify the sufficiency and appropriateness of audit evidence while performing an engagement
  • Describe the relevance and reliability of audit evidence
  • Recall techniques for collecting audit evidence on engagements
  • Describe the various sampling methodologies
  • Recall sampling risks
  • Identify the factors that influence sample size
  • Recall the various types of analytical procedures that can be used as substantive testing
  • Describe the steps to properly perform analytical procedures
  • Recall the differences between preliminary and final analytics on engagements
  • Recall best practices in project management necessary for senior associates
  • Perform effective performance evaluations of staff
  • Identify situations when the auditor should utilize the work of a specialist
  • Describe the documentation requirements in audit workpapers when the work of a specialist is used
  • Recall the auditor requirements for evaluating the work of a specialist
  • Recall trends in financial statement fraud
  • Identify examples of financial statement fraud
  • Recall auditing requirements for contingencies
  • Recall the auditor’s responsibilities for evaluating the appropriateness of going concern accounting and disclosure

Who Should Attend:

  • Audit staff with more than two years of experience


o Day 1: Monday, December 2, 2024

  • Guide to Sampling for Substantive Testing
  • Best Practices: Journal Entry Testing

o Day 2: Wednesday, December 4, 2024

  • Evaluating Sufficiency & Appropriateness of Audit Evidence
  • Performing Effective Analytical Procedures

o Day 3: Monday, December 9, 2024

  • Power Skills: Your Guide to Delegation, Project Management, and Feedback
  • Using the Work of the Auditor’s Specialist

o Day 4: Wednesday, December 11, 2024

  • Auditing Contingencies & Going Concern
  • Fraud Trends

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.