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Financial Statement Auditing - Part 1

person icon Chris Severson

4.1

Financial Statement Auditing - Part 1

Adding Assurance to the Financial Statements

updated on icon Updated on May, 2024

language icon Language - English

person icon Chris Severson

category icon Internal Auditing,Financial Statement

Lectures -23

Resources -19

Duration -1.5 hours

4.1

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Course Description

Auditing is the next progression in the accounting curriculum. Auditors add value to the information prepared by the financial accountants because their work makes it more reliable and trustworthy. Whether you are going into the field of auditing or are just an investor wanting to know more about the auditors report you are reading and what goes into it, this course will help.

We learn about the core financial statements themselves, the types of evidence that an auditor will gather during their review, the standards they must follow, how they document their work, and how they ultimately communicate the results.

This course is for anyone who may have felt lost in prior auditing courses and wants real life examples and a down to earth explanation, rather than something read word-for-word out of a textbook. Is this you? Then you are in the right place!

This course is taught by an instructor with over twenty years of training experience, including corporate training, face to face instruction, and online course development. In addition to the lectures and study material common to many other courses, this course also has a downloadable textbook/study note file, along with downloadable Excel templates paired with a lecture walking through the solution once you are done. To test your knowledge of the basic concepts we also have quizzes after each section to make sure you feel comfortable with the topic before moving on to the next one.

At the end of this course, you will have a better understanding of the standards and processes of auditing. You will be able to pass that class!! Let’s get started!

Goals

What will you learn in this course:

After this course you should have a better understanding of the basic concepts of financial statement audits, including the standards, risks, and the different types of opinions. After this course you should be prepared for the additional detail in part 2. 

Prerequisites

What are the prerequisites for this course?

No prerequisites are required for this course, as we start out at the ground level of auditing. 

Financial Statement Auditing - Part 1

Curriculum

Check out the detailed breakdown of what’s inside the course

Overview of the Audit Profession and Standards
8 Lectures
  • play icon Study Notes - Need for Audit and Assurance Services
  • play icon Study Notes - Types of Audit and Assurance Services
  • play icon Study Notes - The Securities and Exchange Commission (SEC)
  • play icon Study Notes - The American Institute of Certified Public Accountants (AICPA)
  • play icon Study Notes - The Sarbanes-Oxley Act
  • play icon Study Notes - The Public Company Accounting Oversight Board (PCAOB)
  • play icon Study Notes - Certified Public Accounting Firms and CPAs
  • play icon Study Notes - Auditing Standards (GAAS vs. SAS)
Auditor and Management Responsibilities
4 Lectures
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Ethics and Legal Liabilities
2 Lectures
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Audit Planning and Risk Assessment
2 Lectures
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Evidence and Sampling
3 Lectures
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Fraud and Internal Controls
1 Lectures
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Auditor Opinions and Communications
2 Lectures
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Course Wrapup
1 Lectures
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Instructor Details

Chris Severson

Chris Severson


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