Instructor for this course

Many auditors are so busy they don’t have the time to understand the concepts behind the audit procedures being performed in a given audit area.  This course is an 'audit concepts' session that takes the participants on a journey that links the audit procedures to the audit standards.  The course also offers practical ideas on how to make audit area procedures more efficient while maintaining audit quality.

The audit of cash and underlying fraud risk is a significant component in most audits.  This course starts with the key considerations in risk assessment, internal control and the audit plan for an audit area. Next, these considerations are linked to audit assertions and specific audit procedures. 

From an audit procedure standpoint this session also focuses on the techniques and documentation needs that staff accountants need to know. In addition, the session offers practical advice to the senior accountant overseeing the audit on appropriate supervision and review techniques. 

This session helps prepare the staff auditor to know what to do and why. In addition, it also helps the senior accountant be better prepared to know how to plan the audit procedures as well as review the work of the staff in this important audit area.

Learning Objectives

  • Identify risk assessment concepts related to cash accounts
  • Recognize typical key controls related to the audit assertions for cash
  • Explore analytical review as a substantive procedure for cash
  • Recognize supervision and review techniques
  • Identify appropriate documentation of work performed
Last updated/reviewed: May 17, 2022

11 Reviews (47 ratings)Reviews

Anonymous Author
Extremely detailed explanation to fraud related risks involving cash. Good reminder for any auditor with the responsibility to audit cash. Procedures discussed can be used for almost any auditable area.
Anonymous Author
Good explanation of risk assessment, internal control and the audit plan for Cash audits. Nice brief explanations about cash audit techniques and documentation, and planning of cash audit procedures.
Anonymous Author
Great course which i found very easy to follow throughout. Professor was very knowledgeable about the topic at hand. Questions were very straight forward with clear cut answers.
Member's Profile
Good overview of Cash Auditing; presented in a clear and concise manner. Mr. Anderson is easy to listen to and understand.
Anonymous Author
This is a very basic course - fundamentally presented, but lacking in real-world experience or current considerations.
Anonymous Author
Well developed overview of the process of auditing cash. Strong insights as to how approach potential fraud.
Anonymous Author
This course provides a basic understanding of fraud risks associated with accounting for cash.
Anonymous Author
Well thought out and good slides for reference purposes. Cash is something to always consider.
Anonymous Author
Well done- great examples of testing. The risks were explained in enough detail.
Anonymous Author
This was a good dive into the audit concepts for cash and related fraud risks.
Anonymous Author
Slides were very informative. Presenter explained things very well.


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
  8:35Introduction to Audit Concepts for Cash and Related Fraud Risks
  12:03Risk Assessment
  7:41A Word About Fraud
  8:20Internal Controls Over Cash
  10:46Substantive Procedures
  2:19Documentation Approach
  51:01Audit Concepts for Cash and Related Fraud Risks
  PDFSlides: Audit Concepts for Cash and Related Fraud Risks
  PDFAudit Concepts for Cash and Related Fraud Risks Glossary/Index