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Blair Cook, Director of Clarke Inc
Many time CFO of both public and private companies, three current corporate director roles, CPA and Chartered Accountant. Provides professional development services to "big 4" public accounting firms.
This instructor has 28 courses »To Access This Course:
Many organizations are audited by independent public accountants. The purpose of an audit is to express an opinion on the fairness of presentation of financial information prepared by management. An audit enhances the value of financial information by making it more trustworthy and credible.
In this multi-part course, we learn how public accountants plan and execute an audit. This is Part 2 of 4, which covers audit process, evidence, risk models and core audit principles.
Course Series
This course is included in the following series:
4 CoursesAuditing
- Auditing Financial Statements Part I: An Overview of The Financial Statement Audit
- Auditing Financial Statements Part II: Auditing Principles
- Auditing Financial Statements Part III: Internal Controls and Fraud Controls
- Auditing Financial Statements Part IV: Auditing Cycles and Audit Completion
Learning Objectives
- Discover the three phases of the audit process: planning, execution, and completion
- Identify management assertions
- Discover the various forms of audit evidence
- Discover the audit risk model
- Discover how to assess inherent risk
- Discover how to calculate financial statement materiality
Last updated/reviewed: May 6, 2022
56 Reviews (246 ratings)Reviews
The speaker is very good on correlating the lesson to real life situation by providing specific examples. The information presented is very basic if you are not new in audit work and is a good refresher for those who are not doing audit for a while. In general, this is very good course.
Again, very knowledgeable. I'm surprised that you can't see the results of the exam. I would like to know which one I missed? As before, I think this is a great course for anyone starting out in auditing or as a refresher.
Particularly liked the informative discussion surrounding Audit Risk as well as materiality. The instructor is engaging and communicates complex topics in an easy-to-understand method.
Blair is an awesome presenter. His dynamic approach and energy excit the studant to pay attention and absorb the material. I recommend Blairs courses.
Thank you,
Larry
This course gets a little deeper into the audit planning and process but is still a good course for a basic understanding. It would be good for staff accountants in industry.
The course is very informative yet concise . It provides detailed information and examples on Audit Principles. It basically discusses Audit Principles in over an hour.
Very knowledgeable instructor. A lot of material covered in a short amount of time. Would have liked slides as a take-a-way to assist in future recall of information.
I like the way this instructor explains the audit concepts. He made audit simple by adding common sense explanations./comparisons. Great job. Excellent course
Helpful if you've never worked in public and are considering a career in audit. If you worked in public it's a good refresher on the audit process.
This is a great refresher course, to be reacquainted with the basic concepts of audit risk, audit planning, materiality implications and the like.
great explanation of Materiality and the audit risk formula.
user friendly examples of control risk and the auditors planned detection risk
The presenter covered this material in a very concise and easy to follow way. I'm looking forward to finishing this series.
Enjoyed the refresher course but had a hard time with the wording of a couple of the questions. Felt they were unclear.
Good training and informative. I would recommend to those interested in learning more about financial statement audits.
Jam-packed course. Its definitely for those with some financial statement knowledge & auditing background.
This course is ideal for those having difficulty on grasping the concepts about risks and materiality.
What you would expect for a foundation level course. The questions proved to be a nice refresher.
Good course. Covers the basic audit framework very well, and in easy to understand terms.
A good overview of the audit process. I liked how it summarized a rather complex process.
All topics were well cover and explained. Very good instructor thanks for the material
The course includes all possible measurements of successful carrer to the audit.
Great follow up to part 1 of this course. Good overview of auditing principles.
Great enthusiasm and visual examples and then cues to help grasp the materials.
Great course for understanding the principals of an audit plan and execution.
Great teacher! I like how he thoroughly explains each point/topic.
Good refresh on auditing principles. Very helpful for new starts.
Good overview of the audit process. Instructor is very energetic.
Great info, just have instructor go a little slower in talking.
Clear and straightforward introduction to basic audit concepts.
Good review of audit fundamentals. My thanks to the presenter.
No supporting material except for glossary? very informative.
Very fluid explanation of the audit process and materiality.
Great course. Great slides. Great examples. Great teacher.
very useful brief overview over audit procedures and phazes
This course was presented well with lots of great examples
Good overview to understand auditing financial statements
Very well explained, the examples are great- Thanks!
Good job going through the audit process in order.
Great. Like the way concepts are explained.
Good class. Blair is a great instructor.
Good overview of Accounting Principals
Very good refresher course. Thanks!
Good overview of audit principles.
Good Course for an overview
concise and relevant
Gives great examples
Good quick survey
great refresher
Great content.
Good overview
valued course
Good overview
Fun course.
Good
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Prerequisites
Course Complexity: Intermediate
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
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 .