Thinking Like an Auditor When Preparing Your Financial Statements
Overview
External auditors understand concepts like materiality, reasonableness, and risk of material misstatement. This course will explain how to think like an auditor when preparing and fairly presenting your financial statements and related disclosures.
Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Basic
Highlights
- Determining an appropriate sense of quantitative and qualitative materiality
- Identifying the critical components of the financial statements that matter most to financial statement users
- Evaluating where the financial statements are most likely to contain material fraud and error, and ensuring adequate internal control and monitoring to mitigate those risks
Prerequisites
None
Designed For
Anyone responsible for the preparation and fair presentation of financial statements
Objectives
- Describe important judgments made by the auditor in providing reasonable assurance about whether financial statements are materially misstated due to fraud or error
- Explain how to apply subjectivity, materiality and other critical aspects of professional judgment when preparing financial statements and related disclosures
- Apply illustrative examples to explain how judgment can be appropriately applied in reliable financial reporting
Preparation
None
Leader(s):
Leader Bios
Jennifer Louis, Emergent Solutions Group, LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of
technical and "soft skills" topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group,
LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training.
She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as
Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting
firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional
career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor.
Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her
husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two
young adult boys.
Non-Member Price $109.00
Member Price $79.00