Auditing



 Title  Credit  Format  Price  View
+    Fraud Audit Techniques Using Excel 3 Online $19.99 View

Microsoft Excel provides some easy to use tools that can greatly enhance and expedite the fraud audit process. With all detective work, you want to be able to sift through a large volume of data and utilize a tool that is adequately flexible for you to perform immediate investigations of anything questionable. Excel provides a number of different tools however we are going to focus on a couple of extremely useful ones: Auto filter, Arrays as well as a couple of extremely useful functions that include WEEKDAY and MOD.

Another tool used in fraud audits that does not necessarily require Excel, but can be used in conjunction with Excel, is Benford’s Law. Benford’s law is based on an observation that in certain large data sets, certain digits appear more frequently than others. By comparing the distribution of first digits in some accounting data, this tool can assist you in determining where more investigation is necessary by helping to pinpoint where data may have been contrived through fraud.

This course provides step by step instruction and Excel practice exercises as well as answer files.

 

COURSE LEARNING OBJECTIVES


Upon completion of this course, a participant should be

1. To improve your ability to sift through large volumes of data to determine the possibility of fraud.

2. To learn which Excel tools are more useful when conducting a fraud audit and how to utilize them effectively.



Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

   
+    Internal Control And Fraud Detection 9 Online $69.00 View

Internal Control and Fraud Detection covers the essential tools you need to perform internal-control related services. It will take you through your clients’ responsibility to design and implement programs and controls to prevent, deter, and detect fraud. It touches on internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act — “Enhanced Financial Disclosures, Management Assessment of Internal Control” — which mandates sweeping changes. Additionally Section 404, in conjunction with the related SEC rules and Auditing Standard (AS) No. 5, An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements), established by the Public Company Accounting Oversight Board (PCAOB), requires that the management of a public company and the company’s independent auditor issue two new reports at the end of every fiscal year. These reports must be included in the company’s annual report filed with the Securities and Exchange Commission (SEC).

 

Click here for Course Objectives

 

Field of Study

Auditing

Level of Knowledge

Overview

Prerequisite

None

Advanced Preparation

None

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Auditing Procedures And Standards 12 Online $89.00 View

 

This course covers planning, procedures, and reporting of financial audits or attests function. Means of gathering audit evidence, evaluating internal control, appraising financial statement items, and preparing audit work papers are addressed. Review and compilation services are also discussed. The practitioner is provided with a handy guide for designing audit plans. Checklists are provided to assist the auditor in developing work programs for any client environment. The practitioner is guided through the many Statements on Auditing Standards (SAS—AU) and Auditing Standards (AS) of the Public Company Accounting Oversight Board (PCAOB) and is exposed to the many types of reports pertinent to various engagements. Given a standard report, the practitioner can prepare modifications with a minimum of effort. The pronouncements relevant to the various reporting situations have been streamlined for easier application. The course provides a handy reference guide to the major practical provisions of the Statements on Auditing Standards (SASs) and Auditing Standards (ASs) of the PCAOB not previously covered and the PACOB’s new auditing standards under the Sarbanes-Oxley Act of 2002 (SOX).

 

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    Essential Auditing Skills 10 Online $119.00 View

Let Leita guide you through every step of conducting an audit including assessing risk, refining the audit objective, choosing methodologies, and documenting your work. The auditor's responsibilities for fraud, useful interviewing tips, and the elements of a finding are covered using case studies, frequent references to audit standards, and stories of audit failures and successes.

 

This course applies to all auditors – whether auditing commercial entities, not-for-profits, or governments. And all audit types.

 

Course objectives include:

    Identify and arrange the steps of conducting an audit

    Detect common flaws in the conduct of an audit

    Identify common deliverables on an audit

    Assess the weakness in a given criteria

    Distinguish between the types of inherent risk

    Classify controls into the categories of the COSO model of controls

    Distinguish between a control’s design and implementation

    Distinguish among inherent risk, control risk, and detection risk

    Distinguish between a workable objective and a vague objective

    Detect weak and vague audit program steps

    Order the steps of conducting an interview

    Identify the standards for working paper documentation

    Evaluate whether a finding follows the simple rules of logical organization of a finding

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
 Financial, compliance and performance auditors.
 

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    The Four Principles of Happy Cash Flow 4 Online $49.99 View

The Four Principles of Happy Cash Flow

Cash is the most powerful asset your business can have. The Four Principles of Happy Cash Flow reveals four simple rules to keep the cash flowing through your business. In addition to these principles, the course covers such concepts as using profit margins, minimizing inventory, increasing volume, collecting money faster, and stretching vendor payments. The author offers advice and provides examples of businesses that use cash flow well so that you can learn from those businesses.

This course is an easy-to-understand guide for those who want to understand cash flow, who are planning to start a business, or who are looking to improve cash flow in their established businesses.

Course objectives include:

  • Recognize the benefits of generating cash flow
  • Identify the phases of the business cycle and where cash flow principles are best applied
  • Identify the first principle of Happy Cash Flow™
  • Identify the second and third principles of Happy Cash Flow™
  • Distinguish between metrics used to measure the speed of the cash conversion cycle
  • Identify methods to generate additional profits
  • Identify how successful companies apply the principles of Happy Cash Flow™ to generate cash flow
  • Apply the principles of Happy Cash Flow™ to service organizations and other industries
  • Identify techniques to collecting from customers faster
  • Identify techniques for minimizing inventory.
  • Identify techniques for stretching payments to vendors.
  • Identify the benefits and costs of cash flow projection
  • Identify the steps for creating a step-by-step cash flow forecast

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Professionals responsible for managing cash flow, receivables, payables, inventory, performance metrics, and budgets

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

 

 

+    Audit Evidence 5 Online $59.99 View

Audit Evidence

 

Auditors need to know a lot about evidence. This course is designed to give auditors an in-depth understanding of how assertions of auditees, audit objectives, audit risks, internal controls and the attributes of different forms of evidence impact the  decisions that auditors make regarding how to secure and evaluate audit evidence.  This course begins by outlining a general theory of evidence and how evidence is used by various disciplines so that auditors can put audit evidence in perspective.  Professor Jim Crockett also explains the auditing standards concerning the evidence that auditors commonly acquire and evaluate.

 

Course objectives include:

         Explain the theory of evidence and compare the requirements of audit evidence to the evidence requirements associated with other professions.

         Show how audit standards establish requirements for securing and evaluating audit evidence.

         Illustrate the linkage between audit evidence, audit risk, and internal controls.

         Identify and describe the types and weights of evidence available to auditors and the audit procedures or tests that may be employed to secure and evaluate audit evidence.

         Summarize how the audit risk model combines evidence concepts and how the model may be applied in practice to achieve the desired level of audit risk.

         Develop the concept of sufficient, appropriate evidence and explain how this concept is related to assertions by management and audit objectives.

         Identify and analyze the evidence-related requirements associated with potential fraud.

         Describe the audit standards’ basic requirements for documenting audit evidence.

         Distinguish review evidence from audit evidence and show how the two are related.  

 

Program level: Basic

Instructional method: Self-study text with online quiz.  QAS SS

NASBA Category of Study: Auditing (Governmental)

Advance preparation: None

Who should attend: Auditors of government programs.

 

Recommended CPE credit: 4 hours

+    AICPA Code of Professional Conduct N/A Online $29.99 View

Course Description

This course is based upon the reformatted AICPA Code of Professional Conduct, effective December 15, 2014 (The Conceptual Framework was effective December 15, 2015). This course covers the conceptual framework utilized in the reformatted code as well as the rules and interpretations applicable to CPAs in public practice, business and those defined as “other”, which would include retirees and those between jobs.  The entire Code of Professional Conduct is covered in the course and case studies are used to reinforce concepts. 

    

Learning Objectives

After completing this course, you will be able

·         Recognize threats to compliance with the Code of Professional Conduct

·         Associate professional situations with the rules, interpretations and safeguards to determine ethical compliance

·         To describe the AICPA’s rules under the Code of Professional Conduct

 

 

+    Fraud Detection Tools 2 Book $19.99 View

Course Description:

Two tools for fraud detection are discussed in this course; Benford’s Law and the Beneish M Score.  Benford’s Law predicts the probability of the distribution of first digits in a set of accounting numbers.   For the first digit, one is the most likely occurrence, followed by two, etc.  In a large population of accounting transactions, by comparing the actual occurrence of first digits in accounting numbers to the Benford distribution, areas of concern are highlighted for further analysis and evaluation. 

The Beneish M Score quantifies the possibility of financial manipulation occurring in financial statements.  If the M Score is greater than (or less negative than) -2.22, it is likely that there is some manipulation of the financial results. 

Both of these are powerful tools in the detection of fraud.  Benford’s Law assists in the detection of transactional fraud while the Beneish M Score assists in the detection of fraud in financial reporting.



Learning Objectives

Upon completion of this course, you should be able to:

·         Describe how to use Benford’s Law to detect potential fraud

·         Define situations where Benford’s Law is and is not applicable

·         Describe the Beneish M Score and its components

 

 

Prerequisites: None

Level: Overview

+    Social Engineering Fraud and Schemes Update 1 Book $14.99 View

Course Description:

Simple fraud schemes that use social engineering techniques are gaining popularity in the United States.  These schemes rely on trickery to persuade an unsuspecting employee to divert cash or sensitive information to the fraudster.  This course examines techniques being employed such as email spoofing, phishing and vishing using actual recent cases and discusses techniques to minimize the possibility of this type of fraud in your organization. 

+    Spreadsheet Controls under Sarbanes Oxley 2 Online $19.99 View

Spreadsheet Controls Under Sarbanes-Oxley Section 404

 

Course Description:

Spreadsheets have become pervasive in most companies and have many uses.  Those that are used in the financial reporting process are of most concern to the assessment of the effectiveness of internal controls over financial reporting mandated by Sarbanes-Oxley. This course discusses how to evaluate spreadsheets under the rules of Section 404 and AS 2201 as well as what specific compensating spreadsheet controls are supported by Excel 2007, Excel 2010, Excel 2013 and Excel 2016.  This course has been written for Excel 2007.  Steps that differ in Excel 2010, 2013 and 2016 have been noted in gray shadow boxes for the few instances where there is a difference.

NASBA Category:

Audit (1 Hour)/ Computer Science (1 Hour)

Level: Basic/ Overview  (See Prerequisites)


Prerequisites:
Excel 2007/ Excel 2010/ Excel 2013/ Excel 2016 is needed.