Level Two Staff Training is designed for
Staff and Associates with one busy season or one year of experience.
The course includes significant content designed to build an
associates knowledge and skill sets for broad application in the
public accounting profession. This includes several business foundational
skills such as successfully solving problems, managing
and organizing information, and gathering information though interviews
and discussions. The course covers many audit specific
skills such as updating controls memos, performing walkthroughs,
performing research and designing analytical procedures. The
course also includes detailed material for common audit areas and
specific tasks within those audit areas assigned to staff such as
price testing for inventory, valuating issues in accounts receivable
and addressing lease transactions. This course is the perfect blend
of specific audit guidance and underlying business and audit skills.
LEARNING OBJECTIVES
- Apply basic risk assessment procedures including updating and validating
cycle level control documentation and entity understanding.
- Effectively perform audit procedures
for select assertions and areas such
as valuation of receivables, price testing
of inventory, and classification of
expenses.
- Gather and share information with the
client audit team to enhance the effectiveness
and efficiency of procedures
performed.
MODULE SUMMARY
Core A&A Knowledge & Skills – 3 Hours (Accounting)
- Analytical Procedures
- Estimates
- Research
Audit Process – 7 Hours (Auditing)
- Audit Process
- Risk Assessment Procedures
- Responding to Risk
Common Audit Areas - 9 Hours (Auditing)
- Review of New Hire Audit Areas
- Accounts Receivable
- Inventory
- Leases
- Expenses
Foundational Skills – 5 Hours (Professional Development)
(Personal, Interpersonal, Professional & Profession Related)
- Time Management and Organization
- Problem Solving
- Communication
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