This course, taught by Garland Granger, CIA, CPA, CFE, covers how to understand evidential matters, audit programs and working papers. You will also learn about the incoming and outgoing cash flows, cycles, and asset management for businesses.

Discover evidential matter, audit programs and working papers, explore accounts receivable and the sales cycle, explore inventory, purchases and accounts payable, recognize the particulars regarding cash, payroll, investments, marketable securities, property, plant and equipment, and discover long-term liabilities, loss contingencies and stockholder's equity.
Learning Objectives
  • Discover Evidential Matter, Audit Programs and Working Papers
  • Explore Accounts Receivable and the Sales Cycle
  • Explore Inventory, Purchases and Accounts Payable
  • Recognize the particulars regarding Cash, Payroll, Investments, Marketable Securities, Property, Plant and Equipment
  • Discover Long-Term Liabilities, Loss Contingencies and Stockholder's Equity
Last updated/reviewed: August 26, 2023
23 Reviews (106 ratings)

Reviews

4
Anonymous Author
The course was one of the most difficult courses I have ever taken,and the most time I have taken to learn the course. I am not so good at audit subject,and after taking the course, I enhanced my knowledge about audit a little bit.Mr.Garland is very logic and experienced, and thanks for his great work.

4
Member's Profile
Written materials are clearly and presented in an orderly and logical manner, though in a few places they are fairly basic outline could be a more fully explained (perhaps provide more examples). Video presentation done well and aligns with the materials.

4
Anonymous Author
This was a very detailed course, and information was presented in an organized fashion. It would have been easier to follow, however, if slides were used during lecture, rather than me having to refer to study guide independently.

5
Anonymous Author
This was a tough course, but was a great review of a typical financial audit. I liked that it broke down the audit process for each part of the financials, such as cash, A/R, inventory, payroll, revenue, etc.

4
Member's Profile
This is a good refresher course and can be used by corporate accountants to make sure they are maintaining proper documentation that will be required by the auditors so the process if more efficient.

5
Anonymous Author
This is a very good course to understand the basics of core auditing of financial statements. The course notes are very well well summarized whereby one can very easily skim through the main points.

4
Anonymous Author
Good explanation about types of evidence to consider while auditing different accounts, good explanation of the accounts cycle for different accounts, good job tying all the information together.

3
Anonymous Author
A bit heavy and it would be good for the content to be modernized in some way. I believe it would be difficult for someone without an audit background to follow.

5
Anonymous Author
Course was a little difficult to understand and the exam was challenging. Overall, the course provided with great explanations.

5
Member's Profile
Great and insightful overview of different audit programs that are specific to a CPAs financial audit process

5
Anonymous Author
Good length for the material covered. The review questions quiz was helpful preparation for the exam.

5
Member's Profile
I really enjoyed the speaker and his presentation of material. He was engaging and very thorough.

5
Member's Profile
I really enjoyed this course and it served as a great refresher to my auditing skillset.

4
Member's Profile
Good webinar to gain an understanding of the topics. Well structured and easy to follow.

5
Anonymous Author
Course was easy to follow, test questions were right on point and easy to understand.

3
Anonymous Author
Back to basics and old school auditing examples, but ok for foundational learning.

3
Member's Profile
Great refresh on the basics of Audit programs for a financial statement audit.

5
Member's Profile
Good coverage of material and clear questions to test the knowledge obtained.

5
Member's Profile
Great explanations and insight into considerations when conducting an audit.

4
Anonymous Author
Great refresher during this course. Learnt a lot in each section.

4
Member's Profile
Great refresher and, as always, appreciate Garland's enthusiasm.

5
Anonymous Author
This course was very logical interesting and informative

5
Member's Profile
Good course and good content. Very well formatted.

Prerequisites
Course Complexity: Advanced

No advanced preparation or prerequisites are required for this course.

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Evidential Matter, Audit Programs and Working Papers16:40
  Lesson 2 - Evidential Matter and Audit Documentation - Part 211:29
  Lesson 3 - Evidentail Matter and Audit Documentation - Part 314:00
  Lesson 4 - Accounts Receivable and the Sales Cycle - Part 114:51
  Lesson 5 - Accounts Receivable and the Sales Cycle - Part 217:01
  Lesson 6 - Inventory, Purchases and Accounts Payable - Part 112:03
  Lesson 7 - Inventory, Purchaes and Accounts Payable - Part 218:18
  Lesson 8 - Payroll9:58
  Lesson 9 - Cash17:38
  Lesson 10 - Investments and Marketable Securities5:38
  Lesson 11 - Property, Plant and Equipment9:07
  Lesson 12 - Long-Term Liabilities and Loss Contingencies6:19
  Lesson 13 - Stockholder’s Equity and Conclusion4:35
SUPPORTING MATERIALS
  Study Guide: Evidential Matter, Audit Programs and Working PapersPDF
  Evidential Matter, Audit Programs and Working Papers Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONS quiz
 FINAL EXAMexam