Introduction to Audit and the Independent Auditor

Do your friends think you do taxes for a living even though you’re a financial statement auditor? Do you, as a financial statement auditor, understand the purpose of your job and the various requirements that come along with it? In this introduction to audit CPE course, you will focus on the purpose of a financial statement audit.

This includes the numerous responsibilities of a financial statement auditor as prescribed by both PCAOB and U.S. GAAS auditing standards. As a result, the course explores what it means to be “independent.” Additionally, we introduce the various risks that a financial statement auditor must consider and address. This introduction to audit CPE course provides a fantastic high level overview of the entire audit process and the overall requirements of a financial statement audit. PCAOB AS 1000 and AU-C Section 200 (U.S. GAAS) are covered in this course.

Topics covered in this introduction to audit CPE course include:

• What is an audit?
• Responsibilities and requirements of an independent auditor
• Audit risk

If you or someone on your team is new to the audit profession, this introduction to audit CPE course is a must. It is easy to understand and full of practical examples and insights. And, with GAAP Dynamics, you know it will fun, too. Start your audit training journey today!

Interested in group discounts for your firm or team? Contact us to learn more.

 By the end of this course, you should be able to: 

• Recall general responsibilities and requirements of an independent auditor, including various independence requirements
• Identify the differences between audit risk, risk of material misstatement, and detection risk