67 Enrolled
10 Hours (On-Demand)
Instructor for this course

This course discusses the important of evaluating materiality and risk, which will impact the auditor's planned audit evidence. This course also describes how to develop a preliminary judgment about materiality and consider the most appropriate risks for each engagement and review the eight steps involved in creating the audit plan.

Learning Objectives

  • Identify the three types of fraud.
  • Identify the SAS that provides guidance to auditors in assessing the risk of fraud.
  • Recognize the three elements identified by the AICPA to prevent, deter, and detect fraud.
  • Recognize who is responsible for identifying and measuring fraud risks and taking steps to mitigate identified risks.
  • Identify the procedures to address the risk of management overriding internal controls that are otherwise operating effectively.
  • Recognize the characteristics of different types of fraud.
Last updated/reviewed: June 5, 2021

8 Reviews (23 ratings)Reviews

Anonymous Author
The course is too long for just 1 course, it should at least be sectioned. Audit planning itself has various sections, in this way it may be less tedious.
Anonymous Author
The course was heavy on information but provided a strong refresher on important audit material. I would recommend perhaps a shorter assessment as 50 questions was quite tedious. However, I found that the slides provided were very effective. I enjoyed the format and how the information was succinct and to the point for each section.
Anonymous Author
Detailed detailed detailed. This is the best all-inclusive presentation of the audit process I've taken. Great guidance for use with companies/clients preparing fior their first audit
Anonymous Author
Thorough overview of the audit planning process. I wish I had taken this course during my first year as an auditor to have a better, more complete picture of the process
Member's Profile
Thorough content on audit planning and great presentation. The course has a very extensive emphasis on fraud that I thought was very valuable.
Anonymous Author
good course. again, i think there was bad wording of some of the questions whereby multiple answers could've technically been corret
Anonymous Author
Great Course! Explained every step of the the Audit Planning process well. Highly recommended.
Anonymous Author
The course is very helpful. Really good information is reviewed.


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 .

1 QuestionCourse Questions and Answers

Member's Profile
Course Syllabus
  3:30Introduction to Audit Planning
Lesson 1-5
  17:06Phase of An Audit
  22:15Control Risk
  20:42Client Acceptance
  23:12Management and Governance
  22:19Types of Analytical Procedures
Lesson 6-11
  19:13Set Materiality and Assess Acceptable Audit Risk
  19:35Estimate Misstatement
  29:56Evaluating Management Integrity
  18:04Internal Control and Assess Control Risk
  23:50Reasonable Assurance
  29:54Reliability of Financial Reporting Controls
Lesson 12-17
  20:17Control Activities
  25:55Understanding and Evaluation of Internal Accounting Controls
  23:01Communication to Those Charged with Governance
  20:04Gather Information to Assess Fraud Risks
  19:20Duration of Fraud Schemes
  19:37Type of Organization Susceptible to Financial Fraud
Lesson 18-23
  20:30Mitigating Fraud Risks
  19:48Sign of Revenue Fraud
  20:33Reporting Mechanism
  19:30Accept Client and Develop the Audit Plan
  23:29Tests of Details of Balances
  27:59Audit Procedures
  1:49:04Audit Planning Lesson 1-5
  2:20:32Audit Planning Lesson 6-11
  1:45:13Audit Planning Lesson 12-17
  2:11:49Audit Planning Lesson 18-23
  PDFSlides: Audit Planning
  PDFAudit Planning Glossary/ Index