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CPE Self-Study

New Staff: Core Concepts - What is an Audit?

  • $99.00-$129.00
    New Staff: Core Concepts - What is an Audit? Online Access Product #: 161010
    AICPA Member: $99.00
    Non-Member: $129.00
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    Purchasing multiple enrollments for your organization? Contact a representative for pricing. 800.634.6780 | Contact Us

    Product #: GT-JEE

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 fully explains what an audit is for new staff. After a discussion of the overall objectives of an audit, the learner will go over common issues that are important to new staff who have little to no firm experience.

Additional topics discussed include the following: who an auditor actually works for; what types and levels of service firms provide; standards auditors follow and who sets those standards; and the AICPA Code of Professional Conduct, the ethical rules auditors work under.

Key Topics

  • Overall objectives of the audit
  • Who does an auditor work for?
  • Attest and assurance services and levels of service
  • Professional standard setters
  • Independence and professional skepticism
  • Overview of the AICPA Code of Professional Conduct

Learning Objectives

This course will prepare you to do the following:

  • Recognize the general concept of an audit, its importance, and what an auditor does and does not do when performing an audit
  • Recall the definitions of attest and assurance services and distinguish between the two
  • Identify the various levels of service and the related levels of assurance available for the preparation of and the reporting on financial statements
  • Recognize the various standard setters and the professional standards they promulgate
  • Recognize threats and implement safeguards, specifically in the areas of independence and professional skepticism
  • Recall the Principles of Professional Conduct and their application to common scenarios

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.

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 task forces for AICPA Guides Assessing Audit Risk and Audit Sampling. He is also the chair of the Auditing Revenue Task Force for the AICPA Guide on Revenue Recognition.

He was a partner and 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 and 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 Accountants' 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.

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