Auditing Financing Statements

Learn how to audit the financial statements of any organization.

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Last Updated: 2023-03-27 09:03:45 English Course Type: Self Learning

Describe, plan, and perform audits by enhancing your understanding of auditing principles. This is an in-depth course of financial statement auditing

Many organizations are audited by independent public accountants. The purpose of an audit is to express an opinion on the fairness of presentation of financial information prepared by management. An audit enhances the value of financial information by making it more trustworthy and credible.

In this multi-part course, we are going to learn how public accountants plan and execute an audit. The course is broken into four sections as follows:

Section I: An overview of the financial statement audit

Section II: Auditing principles

Section III: Internal controls and fraud controls

Section IV: Auditing cycles and audit completion

Students should have an accounting background

This course is particularly helpful for university and professional level students who are preparing for their exams. This course has been widely used by universities and students around the world to develop a deeper understanding of the auditing principles.

Section 1 : An overview of the financial statement audit 6 Lectures 00:47:35
Lecture 1 :
introduction Preview
Lecture 2 :
Players of the audit industry
Lecture 3 :
Generally Accepted Auditing Standards
Lecture 4 :
Auditing Ethics and Rules of Professional Conduct
Lecture 5 :
Independent Auditorsâ€™ Report
Lecture 6 :
Auditor Report Reservations
Section 2 : Auditing Principles 6 Lectures 01:04:29
Lecture 1 :
Auditing Management Assertions
Lecture 2 :
The Audit Process
Lecture 3 :
Audit Evidence
Lecture 4 :
Audit Risk Model
Lecture 5 :
Assessing inherent risk
Lecture 6 :
Materiality
Section 3 : Internal controls and fraud controls 10 Lectures 01:03:26
Lecture 1 :
Client Risk Profile
Lecture 2 :
Audit Working Papers
Lecture 3 :
What is an Internal Control?
Lecture 4 :
Internal Control Framework
Lecture 5 :
Assessing Control Risk
Lecture 6 :
Testing internal controls
Lecture 7 :
Small Business Assurance Engagements
Lecture 8 :
Fraud Schemes
Lecture 9 :
Fraud Triangle
Lecture 10 :
Fraud Prevention & Detection
Section 4 : Substantive audit work and completion procedures 6 Lectures 00:56:31
Lecture 1 :
Audit Planning Approach
Lecture 2 :
Audit Programs
Lecture 3 :
Auditing the Sales Cycle
Lecture 4 :
Substantive Audit Procedures
Lecture 5 :
Auditing For Fraud
Lecture 6 :
Completing the Audit

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Blair Cook,

476786 Course Views

16 Courses

Blair is a many-time corporate director, CFO, author, speaker, educator, innovator, and thought leader. His educational videos of accounting and finance have million of views on YouTube. He has keynoted and spoken at national conferences from New York to Toronto. Along with Jen, he co-hosts CPA Canadaâ€™s podcast series â€œCPA Success Podcast.â€ He works with real businesses to experiment with theories and practices developed both in the academic and real world. He then shares these experiences and stories with others of what works, what doesnâ€™t, and what was learned. He is the author of The Illiterate Executive: An Executiveâ€™s Handbook for Mastering Financial Acumen.