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Become an External Auditor - External Audit Process Level 1

1 hour on-demand video

$ 12.99

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Brief Introduction

External Auditing : External Audit Process : Accounting Audit : Accounting Auditor : Business Valuation Methods : Audit

Description

This course will teach you the practical part of an external auditor. Most people learn the theory behind an audit but do not know how to do the audit in real life.

If you are thinking in joining an audit firm and would like to know how to audit in order to standout from your peers than you are in the right place.

This course will also be beneficial to help you work with your auditors as you will know what the auditor requires.

We will look at a listed company and we will audit it by taking the trial balance and placing the numbers in our working papers to make our documentations. We will look at each of the accounts and learn how we will obtain sufficient appropriate audit evidence. We will also select samples and learn how to make a list of requirements.

You will be able to audit a client from A-Z in a short period of time.

#externalauditing #accounting #auditor #business #valuation

Requirements

Requirements
Good understanding of accounting is preferred.

Knowledge

The sole objective of this course is to learn the practical of how to audit financial statements rather just reading the theory.
We will audit a company from A to Z (Fieldwork)
An external audit is an independent examination of the financial statements prepared by the organisation. It is usually conducted for statutory purposes (because the law requires it)
The purpose of external audit is to provide an independent opinion to the shareholders on the truth and fairness of the financial statements.
In this course you will learn how you can audit your clients financial statements using your clients information such as general ledger dump & trial balance
You will learn how to use test of details and analytical procedure.
You will know how to select materiality
You will select samples for testing.
You will know how to document your working paper correctly.
This course will help auditors with thier clients and vice versa.
Real life Case study to audit companies such as Facebook & WeWork

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