Online Audit Training: Courses Available on our Audit eLearning Library!
This post announces the launch of our Audit eLearning library which offers online audit training which eligible for CPE.
Genesis of our online audit training library
Last fall we did a project for a top 30 accounting firm where we developed and facilitated a series of audit training webinars we dubbed The Cornerstones of Audit. This curriculum consisted of the following 5 webinars:
- Assessing and responding to risk – the risk assessment process
- Understanding the entity and its environment, including its system of internal control
- Analytical procedures
- Audit sampling
- Auditing estimates and related disclosures, including the use of specialists
Due to the success of the webinars and the fact that many of our other clients were requesting audit training, we made a stretch goal for 2023 to launch our own audit eLearning library. And I’m excited to announce that today that goal has become a reality! Browse courses now.
Well sort of. As of the date of this post, we have the following courses that have been launched that are available to learners (applicable auditing guidance covered in parenthesis):
Introduction to Audit (online course collection)
- Introduction to the Audit and the Independent Auditor (AU-C Section 200 / AS 1001, AS 1005, AS 1010, AS 1015, and AS 1101) – 1.0 CPE
- Audit Planning and Materiality (AU-C Sections 300 and 320 / AS 2101 and AS 2105) – 1.0 CPE
- Audit Evidence (AU-C Section 500 / AS 1105) – 1.0 CPE
- Supervision, Audit Documentation, and Review (AU-C Sections 220 and 230 / AS 1201, AS 1215, and AS 1220) – 1.0 CPE
Purchase together as a collection for big savings!
Notice that our online audit training courses cover both U.S. GAAP (AU-C) and PCAOB Auditing Standards (AS)! In addition, the Auditing Standards Board (ASB) believes that its redrafted standards, as part of its Clarity Project, have converged U.S. GAAS with International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB), so our international audit firm clients are also covered!
Internal Controls – The Essentials (online course collection)
- Understanding the Entity, Including its System of Internal Control (AU-C Section 315 / AS 2110) – 1.5 CPE
- Evaluating the Design and Implementation of Identified Controls (AU-C Section 315 / AS 2110) – 1.5 CPE
- Testing the Operating Effectiveness of Internal Controls (AU-C Section 330 / AS 2201) – 1.0 CPE
- Evaluating Control Deficiencies and Communicating with Management (AU-C Section 265 / AS 1305) – 1.0 CPE
Purchase together as a collection for big savings!
As auditors, I’m sure you’re aware that SAS 145 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement is effective for audits of financial statements for periods ending on or after December 15, 2023…so this year! Although this standard does not fundamentally change the key concepts underpinning audit risk, the guidance will nonetheless have a significant impact on many accounting firms, which is why our clients have requested training on it. Luckily, we’ve bundled the first two courses above into a separate online course collection, Internal Control: Understanding the Requirements of SAS 145.
Also, if you’re on a PCAOB engagement, there are additional considerations for performing an integrated audit. If you do PCAOB audits, be sure to check out our Considerations for an Integrated Audit under AS 2201 online course (1.5 CPE).
And with GAAP Dynamics you know it’s going to be fun! Check out the introductory video for our Understanding the Entity, including its System of Internal Control course where the theme was Scooby Doo!
Obviously, I was the narrator, but can you guess who the voice talent was for Daphne, Shaggy, and Scooby? Check out our audit eLearning library for more videos and themes as the courses are released throughout the summer.
Closing thoughts
Realization of this goal has truly been a team effort and I would personally like to thank all the professionals at GAAP Dynamics for their hard work on this initiative. We did it!
Update: We now have over 30 online audit courses available!
About GAAP Dynamics
We’re a DIFFERENT type of accounting training firm. We view training as an opportunity to empower professionals to make informed decisions at the right time. Whether it’s U.S. GAAP, IFRS, or audit training, we’ve trained thousands of professionals since 2001, including at some of the world’s largest firms. Our promise: Accurate, relevant, engaging, and fun training. Want to know how GAAP Dynamics can help you? Let’s talk!
Disclaimer
This post is for informational purposes only and should not be relied upon as official accounting guidance. While we’ve ensured accuracy as of the publishing date, standards evolve. Please consult a professional for specific advice.
