[Free] Auditing Part 1
Adding Assurance to the Financial Statements – Free Course
What you’ll learn
- History and Purpose of Auditing
- How Auditing Related to Financial Accounting
- Generally Accepted Auditing Standards (GAAS)
- Planning and Supervision
- Risk Assessment and Scoping
- Audit Risk Model
- Fraud Risk Model (Triangle and Diamond)
- Internal Control
- Impact of Sarbanes Oxley Act of 2001
- Audit Evidence
- Audit Sampling
- Managerial Representations/Assertions
- Financial Audit Opinions and Reports
Requirements
- The only requirement for this course is a desire to learn more about auditing and how it relates to the overall field of accounting. It is preferable to start off with courses in accounting, as auditing builds on that knowledge. No specific software or textbooks are required.
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 fifteen 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!! Lets get started!
Author(s): Chris Severson
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