Advanced Staff Training: Reviewing Work Papers & Field Work

Author: Robert K Minniti

If you are experienced at reviewing the work of others or this is your first experience this course is for you. The standards of fieldwork require that assistants are properly supervised. It is important to conduct a full review of staff work to meet the standards. This is an advanced level course and participants should have previous audit experience and have taken at least 6 hours of basic audit CPE courses in the area they will be reviewing prior to taking this course. We will discuss the reviewer’s responsibilities but not the basic steps being reviewed so it is important participants have that basic knowledge.

Publication Date: March 2023

Designed For
CPAs, CMAs, CFFs, MAFFs, CGMAs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for reviewing audit work papers or field work.

Topics Covered

• A Review of the Auditing Standards
• A Review of the Financial Statement Assertions
• Audit Concerns
• Audit Evidence
• Audit Workpapers
• Reviewing the Audit Plan
• Reviewing Data Analytics
• Reviewing Internal Control Testing
• Reviewing Tests of Details
• Reviewing for Auditor Bias

Learning Objectives

• Identify audit procedures for reviewing work papers and field work
• Recognize what would least likely impair an auditor's independence
• Describe level of controls which have internal controls that apply to the entire company
• Recognize best practices for reviewing the audit plan
• Identify how to utilize data analytics
• Recognize how to apply internal control testing
• Identify what wouldn't normally be included in the auditor's current file
• Recognize how to differentiate types of auditor biases

Level
Advanced

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Previous audit experience and have taken at least 6 hours of basic audit CPE courses in the area they will be reviewing prior to taking this course.

Advance Preparation
None