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
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.