Intro to Audit Sampling & GAAP Reporting | Breezy CPA

Name: Intro to Audit Sampling & GAAP Reporting | Breezy CPA
Rating: 4.7 (825 reviews)

Learn Auditing & Accounting from Scratch from a Certified Public Accountant, CPA

Created byPhilip J. CPA

Last updated 7/2019

English

What you'll learn

Understand the purpose of Auditing & why audits are conducted.
Students will learn the concept of auditing and assurance functions, corporate governance, including ethics and professional conduct, describing the scope and distinguishing between the functions of internal and external audit.
Demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements.
Identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements and the application of the International Standards on Auditing (ISAs).
Be equipped with the knowledge to conduct an audit from start to end.

Course content

1 section • 15 lectures • 1h 58m total length

Audit Introduction11:56
Audit Documentation7:57
Learn how audit documentation, or working papers, supports the audit opinion by detailing procedures, evidence, and reviewer roles. Explore current and permanent files, audit programs, reconciliations, and retention periods.
Audit Letters6:30
Audit Considerations8:19
Audit Sampling11:04
Audit Reports12:32
Modified Audit Reports9:08
Compilations5:17
Reviews9:23
Explain how a review engagement provides limited, negative assurance on financial statements that conform with GAAP for issuers and non-issuers, including independence, management inquiries, and analytical procedures.
Engagement Comparisons6:16
Supplemental Information6:10
Special Reports6:58
Explore special reports, including other comprehensive basis of accounting, reports on specific elements, and agreed-upon procedures, with an explanatory paragraph and restricted use for client and third party.
Various Engagements5:03
Auditing Information Technology5:35
Governmental Audits6:14

Requirements

You don’t need to have any accounting or auditing experience as we will cover all of the concepts from scratch.

Description

Hi I'm Philip! I'm a professional CPA instructor and creator of Breezy CPA Review.

Join me in helping you better understand Auditing and if you're studying a CPA, this course can help you pass.

This course is meant for everyone no matter what your accounting level, so no excuses...come take a look!

No matter your career path, everyone should understand the basics of accounting. Start here with a straightforward walk-through of the Auditing Process.

All are welcome to this introduction to the world of accounting — Philip explains each spreadsheet in plain language, ensuring you walk away with the ability to understand essential financial information. After taking this class, you'll have a better understanding of the Auditing process no matter what your skill level is.

Who this course is for:

Anyone interested in how auditing works (no prior audit experience is needed).
Anyone interested in how accounting works (no prior accounting experience is needed).
Anyone interested in perusing a CPA (Certified Public Accountant)