How to Properly Tailor Your Audit Program (Completed)
Registration closed on December 11, 2025 at 12:00am Pacific Time
Date: Thursday, December 11, 2025
Instructor: Salvatore Collemi
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Once an audit engagement team completes their initial risk assessment procedures, its’ time for them to build their audit strategy and then execute their plan! Audit effectiveness and efficiency are both possible if the engagement team properly designs and tailors their audit program.
This session will focus on providing latest guidance and best practices to auditors on developing a proper audit strategy by defining the characteristics of the audit engagement, reporting objectives, significant factors, the results of preliminary engagement activities and whether knowledge obtained from previous or existing audit engagements is relevant. We will also address how to properly document our scope, objectives, significant factors, risk assessment and planned resources in the workpaper files. This will then lead us to create our detailed planning steps (the audit program). The audit program serves as the go-between the audit team’s initial planning procedures and any further testing procedures needed.
Who Should Attend
Experienced practitioners in public practice who conduct audits of privately-held companies.
Topics Covered
- Developing and documenting a proper audit strategy
- Tailoring your audit programs and checklists
- Creating efficiency and effectiveness in your audit approach
- Avoiding common pitfalls
Learning Objectives
- Understand, develop and document your audit strategy
- Properly tailor your audit programs and checklists to address risks of material misstatements identified
- Increase efficiency and effectiveness in your auditing approach and testing
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
General knowledge of AICPA Professional Standards.
Advance Preparation
None
