Foundations of Auditing Financial Statements

How to conduct financial statement audits for university students and candidates for an accounting designation
Instructed by Blair Cook
  • Lectures 28
  • Video 4 Hours
  • Skill level intermediate level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion

How taking a course works

Discover

Find online courses made by experts from around the world.

Learn

Take your courses with you and learn anywhere, anytime.

Master

Learn and practice real-world skills and achieve your goals.

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

What are the requirements?

  • Accounting proficiency
  • A passion for finance
  • A sense of humor

What am I going to get from this course?

  • 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.

What is the target audience?

  • New finance professionals

Curriculum

Section 1: Auditing Financial Statements From Start to Finish
10:42

Course Introduction

05:50

The players in the auditing profession

07:54

GAAS

12:50

Ethics and Rules of Professional Conduct

05:28

Unqualified audit reports

04:57

Qualified audit reports

16:06

The audit process.

10:00

Management assertions

16:42

Audit evidence.

11:01

Audit Risk Model

03:59

Inherent Risk.

06:47

Materiality

09:40

Client Risk Profile

08:54

Working Papers

05:08

Describing an internal control.

10:31

COSO Integrated Control Framework

03:45

Assessing Control Risk.

05:51

Testing Internal Controls.

03:16

Small business assurance engagements including review and compiliation engagements.

04:59

Audit planning approach.

06:45

Audit programs.

13:04

Auditing the sales cycle, documenting and assessing control risk.

11:10

How to perform substantive procedures.

09:18

Discussion of the most common types of fraud schemes.

02:10

The fraud triangle explains how and why fraud happens.

05:03

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

10:12

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

10:28

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

Instructor Biography

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.

Reviews

Average Rating
4.8
Details
  1. 5 Stars
    5
  2. 4 Stars
    1
  3. 3 Stars
    0
  4. 2 Stars
    0
  5. 1 Stars
    0

What you get with this course

30 day money back guarantee

Lifetime access

Available on desktop, iOS and Android

Certificate of completion

Join the biggest student community

5,200,000

Hours of video content

19,000,000

Course enrollment

5,800,000

Students

Ready to start learning?
Enroll for free now