The transition from staff auditor to performing more complex audit procedures and assuming more responsibility handling financial reporting issues. Understand how to properly safeguard independence when performing both attest and non-attest services. Learn how to alter the nature, timing, and extent of audit procedures to be commensurate with the assessed risk of material misstatement. Learn how to ensure quality control of the engagement and better manage the client. Case studies and exercises are used to reinforce key points.

Learning Objectives:

• Describe accounting, auditing and other attest issues important to a public accountant.
• Explain best practices for complying with professional, technical, and regulatory requirements related to common A&A issues faced by public accountants.
• Apply examples and illustrations to “real-life” circumstances encountered in financial statement audits.