COURSE OBJECTIVE
This session helps new auditors get off on the right foot. It introduces them to the auditing field and basic auditing responsibilities. The course includes case studies on common audit areas and provides an overview of how each area fits into the big picture.

Learning Objectives by Module
After the session, participants should be able to:

Role of the Staff Auditor – 1 Hour (Auditing)

• Describe five characteristics and skills that are important to a staff person’s success

Services and Responsibilities – 3 Hours (Auditing)

• Explain the differences between attest services and bookkeeping assistance
• Explain the differences in the purpose and scope of audits, reviews, and compilations
• List common audit objectives
• Describe acceptable types of audit evidence

Workpapers and Documentation – 1.5 Hours (Auditing)

• Explain the requirements of audit documentation 
• Create, organize, and prepare audit workpapers

Introduction of the Audit Plan – 2.5 Hours (Auditing)

• Outline the basic components of an audit plan and describe a staff auditor’s responsibilities for applying that plan
• Explain the fundamental purpose and five required components of understanding the entity and its environment
• Complete or participate in the completion of selected sections of key practice aids and work papers 

Introduction to Internal Controls & Analytical Procedures – 4.5 Hours (Auditing)

• Assist in gaining an understanding of a client’s internal control structure, including performing verification procedures such as walkthroughs and document inspections
• Perform previously designed substantive analytical procedures

Common Audit Areas – 16 Hours (9 Hours Auditing, 7 Hours Accounting)
(Cash, A/R, PP&E, Inventory, A/P, Debt) 

• Identify and explain the basic audit risks within each listed area
• Perform common previously designed audit procedures in each area and explain how the procedures address documented risks and assertions

Information Gathering – 2 Hours (Communication)

• Create and track the status of client requests
• Describe an effective method for performing verbal inquiries with clients
• Plan for the gathering of information and evidence through the use of inquiry    

Introduction to Public Accounting – 1 Hour (Auditing)

• Describe to clients and colleagues the nature and basic terminology of Public Accounting

Summary: Best Practices for Beginning Staff – 0.5 Hour (Auditing)

• List best practices discussed in the course
• Describe ways skills learned in this program will be applied in the upcoming year