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CPE Self-Study

New Staff: Core Concepts - Understanding the Audit Process

  • $99.00-$129.00
    New Staff: Core Concepts - Understanding the Audit Process Online Access Product #: 161020
    AICPA Member: $99.00
    Non-Member: $129.00

This CPE course can be purchased individually, or as a part of the Audit Staff Essentials – New Staff: Core Concepts staff training bundle.

This CPE course provides a general overview of the entire audit process, from start to finish.

In covering the overall process of an audit, the course will guide new staff from pre-engagement activities and client acceptance through concluding procedures. Along the way, the module touches on procedures and standards that guide the flow of the audit. In addition, the course covers steps related to planning, materiality, risk assessment, analytical procedures, internal controls, and walkthroughs. Details of individual steps are covered in other modules.

Key Topics

  • Relevant professional standards
  • Defining professional responsibilities
  • Pre-engagement activities and client acceptance
  • Further audit procedures
  • Financial statements
  • Concluding procedures

Learning Objectives

This course will prepare you to do the following:

  • Recall the professional responsibilities for an auditor, as prescribed by generally accepted auditing standards (GAAS)
  • Identify the individual procedures that collectively represent the pre-engagement activities of an audit
  • Recall the individual procedures that collectively represent the majority of test work performed during an audit
  • Identify common procedures to finalize an audit

Who Will Benefit

  • Recently onboarded staff
  • First-year staff
  • Firms that want consistent training and level setting

Discounts

PCPS Members Receive Additional Savings!

When you log into this website with your AICPA member user account, click here to obtain the discount code to enter during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on PCPS Membership.

System Requirements

About the Authors

Lynford Graham, CPA, Ph.D., CFE

Lynford Graham, CPA, Ph.D., CFE is a CPA with more than 35 years of audit practice and policy development experience. He is a Visiting Professor of Accountancy at Bentley University in Waltham MA. Dr. Graham is a member of the AICPA, and a past member of the Auditing Standards Board. He chaired the AICPA’s Assessing Audit Risk Guide the AICPA Audit Sampling and AICPA Revenue Recognition (Topic 606 – Auditing Chapter) Guide Task Forces.

He was a Partner and the National Director of Audit Policy for BDO, LLP. Prior to that, Dr. Graham was an Associate Professor at Rutgers University. Before Rutgers, he was a National Accounting & SEC Consulting Partner at Coopers & Lybrand, responsible for technical issues research, auditing research and sampling.

A Certified Fraud Examiner, in 2002 he received the Distinguished Service Award from the Auditing Section of the AAA. He is a co-author of several award-winning academic research papers. Dr. Graham holds an MBA and Ph.D. from the University of Pennsylvania, (Wharton School). He is the editor of The Accountant’s Handbook – 12th Edition (Wiley, 2012) and Internal Control: Audit and Compliance (Wiley, 2015).



Tom Noce, CPA, CFE

Tom Noce, CPA, CFE is a CPA licensed in California and New Jersey with over 37 years of experience in the field of public accounting, including eight years as a partner in a midsized firm. He is a graduate of Rutgers University. Tom began his independent practice in September 2003. His primary industry focus is in audit, accounting, and taxation services for construction and real estate clients. Tom is also a Certified Fraud Examiner and provides fraud prevention and detection, forensic accounting services, and litigation support to clients in a number of industries.

As an experienced author, instructor, and lecturer, Tom writes and teaches continuing professional education for CPAs. He chaired the 1st and 2nd Annual Fraud Conferences and 1999 and 2000 Audit and Accounting Conferences, sponsored by the California CPA Education Foundation. Since 1999, he has authored and presented more than 15 courses for the California CPA Education Foundation, the AICPA, and other providers. Tom was honored with the California CPA Education Foundation’s Award for Instructor Excellence in 2004 & 2010.

Tom lives and practices in Palm Springs, California. He is an accomplished woodworker and enjoys spending his spare time in his workshop.



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.