Audit Staff Level Training
Empower your team with the tools they need to excel in their roles today and grow as influential leaders within your organization.
Level Training Checkout
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2024 Level 1 Audit Training
August 13, 15, 20, 22, 2024 from 12:30 – 4:30 PM ET
Level 1 Audit Training covers the basics of auditing that new auditors need to be set up for success in their careers. Qualifying for 16 auditing CPE credits, this live virtual training is broken into four separate four-hour sessions. The training will explain how to audit cash, inventory, expenses & payables, as well as property, plant, & equipment. It will also introduce the basic assertions and risks applicable to these accounts. Additionally, it will provide an introduction to ethics and professional skepticism, risk assessment, internal control fundamentals, and best practices for work papers and audit documentation.
Level 1 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 1 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:
- Recall the audit assertions applicable to the Cash, Inventory, Expenses & Payables, and PP&E balances
- Recognize risks & threats related to the Cash, Inventory, Expenses & Payables, and PP&E balances
- Identify substantive auditing procedures that are used to obtain comfort over Cash, Inventory, Expenses & Payables, and Property, Plant, & Equipment
- Describe the five components of COSO
- Recall the limitations of internal controls
- Recognize noncompliance with ethical standards during engagements
- Recall the five fundamental principles of ethics for professional accountants
- Perform risk assessment procedures during an engagement
- Recall parts of the audit risk mode
Agenda:
o Day 1: Tuesday, August 13, 2024
- Welcome and Introductions
- Best Practices: Introduction Ethics and Professional Skepticism
- How to Audit: Cash
o Day 2: Thursday, August 15, 2024
- Introduction to Risk Assessment
- How to Audit: Inventory
- Q&A and Closing
o Day 3: Tuesday, August 20, 2024
- Welcome and Network Building
- Internal Control Fundamentals
- How to Audit: Expenses & Payables
o Day 4: Thursday, August 22, 2024
- Best Practices: Audit Workpapers & Proper Documentation
- How to Audit: PP&E
- Q&A and Closing
Who Should Attend:
- Audit staff who are new or have limited/less than one year of experience
CPE Accreditation:
- Recommended Hours of CPE | 16 Hours
- Field of Study | Auditing
- Prerequisites | None
- Advanced Preparation | None
- Program Level | Basic
- Delivery Method | Group Internet Based
Registration, Cancelation, and Refunds:
- To register for this session, please go to https://buy.stripe.com/4gwcPjaAWd4J0qQeUY
- To be awarded the full credit hours, participants must be present and must participate in polling questions.
- Full cancellation policy is outlined in detail in the duly executed engagement letter.
- GLS will make every effort to provide the best training course possible. Please contact Frank Galasso at operations@galassolearningsolutions.com within 10 business days of the event if you are not completely satisfied with the program and wish to file a complaint.
Galasso Learning Solutions LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
