COURSE OBJECTIVE
This session moves experienced auditors beyond the basics. The program helps participants further develop skills in completing and documenting key parts of the audit process.  In addition, the program challenges participants to consider various methods of supervision, techniques for managing multiple projects, skills needed to assume a more significant client service role, and how to provide constructive management feedback.

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

Role of the Experienced In-Charge Auditor – 1 Hour (Auditing) 

• Identify the five most significant challenges facing them as experienced in-charge auditors

Supervision – 7.5 Hours (Auditing)

• Discuss the challenges of a supervisor or in-charge accountant
• Explain the principles and benefits of situational leadership
• Motivate individuals for peak performance
• Describe the key steps necessary to serve as a mentor and coach to team members
• Provide positive and constructive performance feedback

Improving the Audit – 5 Hours (Auditing)

• Identify opportunities to increase the effectiveness and efficiency of audit procedures and documentation in the following areas:
  • Understanding the entity and its environment
  • Understanding internal controls, including information technology controls
  • Assessing risk
  • Designing audit procedures that respond to risk

Analytical Procedures, Test Controls, and Audit Estimates – 4.5 Hours (Auditing)

• Determine when and how to design tests of operating effectiveness of internal controls
• List best practices in designing substantive analytical procedures
• Select and design audit procedures for complex audit estimates

Evaluating, Concluding & Reporting – 1.5 Hours (Auditing)

• Evaluate misstatements and control deficiencies identified in an audit and perform all required responses
• Explain to staff accountants the requirements of SAS No. 115 and to evaluate and report on identified control deficiencies 
• List five resources that typically generate insightful management letter comments
• Use a three-component model to draft control deficiencies and business advice comments for management 

Project Management – 2 Hours (Personal Development)

• List five phases of typical attest projects and list the major activities within each phase  
• Describe five or more strategies for effective and efficient project management

Hot Topics in Accounting and Auditing – 2 Hours (Accounting)

• List and describe, at a basic level, significant new accounting or auditing pronouncements and the basic audit risks they may introduce 
• Recognize when new technical literature might generate a potential risk of material misstatement on their audits 

Summary: Best Practices for the Experienced In-Charge 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