Description
External auditors understand concepts like materiality, reasonableness, and risk of material misstatement. This course explains how to think like an auditor when preparing and fairly presenting your financial statements and related disclosures.
MAJOR TOPICS:
- 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.
Who Should Attend: Anyone responsible for the preparation and fair presentation of financial statements.
