New Hire / Intern Training (Level 1) is designed for individuals with limited practical experience on audits and reviews. The program provides critical skill training for the new staff related to performing and documenting audit procedures. The course addresses the
skills by examining and practicing audit procedures in the common audit areas assigned to newer staff. The course utilizes the accounting records from a real small business to create as realistic a simulation as practical in the classroom. The course also provides training on certain key foundational skills necessary to be successful in the profession.

LEARNING OBJECTIVES

• Describe the general audit process including the gathering of information, uses of risk assessments, performance of procedures and the reporting process.
  
• Perform and document common audit procedures basic audit procedures such as vouching, tracing, confirming, inspecting, and observing.
  
• Take instruction and complete common tasks and audit procedures in areas often assigned to newer associates such as cash, fixed assets, accounts payable, inventory, and accounts receivable.
  

MODULE SUMMARY

Audit Knowledge & Skills – 8 Hours (Auditing)

• Audit Procedures - 2 hours
• Audit Process - 2 hours
• Documentation - 2 hours
• Risk Assessment Procedures - 2 hours

Accounting and Auditing of Financials Statement Areas - 12 hours

• Accounts Payable - 2 hours Auditing, 1 hour Accounting
• Accounts Receivable - 1 hour Auditing, 1 hour Accounting
• Cash & Cash Equivalents - 2 hours Auditing, 1 hour Accounting
• Inventory - 1 hour Auditing
• Property Plant and Equipment - 1 hour Auditing, 1 hour Accounting
• Introduction, Reviews and Quizzes -1 hour Auditing

Foundational Skills – 4 Hours

• Communication - Listening - 2 hours Communication
• Professionalism - 2 hours Professional Development