Foundations of Auditing Financial Statements

How to conduct financial statement audits for university students and candidates for an accounting designation
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TAUGHT BY
  • Blair Cook Blair Cook CA CPA MBA

    Blair has two decades of experience at all levels of public and private corporations, public practice, and professional development.  His experience as a corporate director, chief financial officer, instructional designer, and professional development leader will provide you with insight into finance topics that matter. 

    He is faculty member at St. Mary's University and the Atlantic School of Chartered Accountants and has been instructing at undergraduate and professional institutions for the past 16 years.  He was awarded the Govenor Generals Gold Medal of Canada in the field of accounting.  He has designed professional development e-learning programs for the Big 4 firms.  Benefit from his engaging presentation style and deep knowledge of the subject matter to further your own financial skills.

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Foundations of Auditing Financial Statements

How to conduct financial statement audits for university students and candidates for an accounting designation
6 reviews

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COURSE DESCRIPTION

In this course we are going to tackle the external audit of financial statements. Public accounting is a wonderful training ground for the new financial professional that can prepare you for any number of careers in finance. By the end of this course, you should be able to talk the talk and walk the walk of an auditor.

This course is specifically designed for an elearning format.

There is a simulation for this course which is located at www.financelearningacademy/simulation

    • Accounting proficiency
    • A passion for finance
    • A sense of humor
    • Over 28 lectures and 4 hours of content!
    • By the end of this course you will have a firm foundation on how to conduct an audit of financial statements.
    • New finance professionals

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CURRICULUM

  • SECTION 1:
    Auditing Financial Statements From Start to Finish
  • 1
    1 Auditing ABCs
    10:42

    Course Introduction

  • 2
    2 The Players of the Audit Industry
    05:50

    The players in the auditing profession

  • 3
    3 Generally Accepted Accounting Standards
    07:54

    GAAS

  • 4
    4 Auditing Ethics and Rules of Professional Conduct
    12:50

    Ethics and Rules of Professional Conduct

  • 5
    5A Independent Auditors Report
    05:28

    Unqualified audit reports

  • 6
    5B Auditor Report Reservations
    04:57

    Qualified audit reports

  • 7
    6 The Audit Process
    16:06

    The audit process.

  • 8
    7 Auditing Management Assertions
    10:00

    Management assertions

  • 9
    8 Audit Evidence
    16:42

    Audit evidence.

  • 10
    9 Audit Risk Model
    11:01

    Audit Risk Model

  • 11
    10 Assessing Inherent Risk
    03:59

    Inherent Risk.

  • 12
    11 Materiality
    06:47

    Materiality

  • 13
    12 Client Risk Profile
    09:40

    Client Risk Profile

  • 14
    13 Auditor Working Papers
    08:54

    Working Papers

  • 15
    14 What is an Internal Control?
    05:08

    Describing an internal control.

  • 16
    15 COSO Integrated Internal Control Framework
    10:31

    COSO Integrated Control Framework

  • 17
    16 Assessing Control Risk
    03:45

    Assessing Control Risk.

  • 18
    17 Testing Internal Controls
    05:51

    Testing Internal Controls.

  • 19
    18 Small Business Assurance Engagements
    03:16

    Small business assurance engagements including review and compiliation engagements.

  • 20
    19 Auditing Planning Approach
    04:59

    Audit planning approach.

  • 21
    20 Audit Programs
    06:45

    Audit programs.

  • 22
    21 Auditing the Sales Cycle
    13:04

    Auditing the sales cycle, documenting and assessing control risk.

  • 23
    22 Substantive Audit Procedures
    11:10

    How to perform substantive procedures.

  • 24
    23 Fraud Schemes
    09:18

    Discussion of the most common types of fraud schemes.

  • 25
    24 Fraud Triangle
    02:10

    The fraud triangle explains how and why fraud happens.

  • 26
    25 Fraud Prevention & Detection
    05:03

    Time to learn what to do to prevent and detect fraud.

  • 27
    26 Auditing For Fraud
    10:12

    How auditor's conduct the external audit with fraud in mind.

  • 28
    27 Completing the Audit
    10:28

    And finally, putting a tidy little bow on the audit.

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