
more
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 1 of 4, which begins with an overview of the financial statement audit itself.
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 purpose and nature of a financial statement audit
- Identify the players in the auditing industry
- Recognize ethical considerations in auditing
- Identify different forms of auditor’s reports
Last updated/reviewed: May 25, 2022
101 Reviews (429 ratings)Reviews
I will say the topic is very important and rather hard to condense. However, I feel the presenter should have used lists, and better supporting materials to categorize all of the key concepts. I have seen this done before as this was a review for me. Thus, if a novice is about to take this course be prepared to take your notes and YOU will have to structure this presenters disorganized presentation.
I think Mr. Cook is an excellent presenter. Why aren't there more written / graphic / notated materials included with the CPE? More expensive CPE products generally include a PowerPoint. More important would be a transcript which can be very valuable for busy note-takers. I'm surprised these are not made available.
The course materials and contents were well put together. Every lesson was clearly put together that it was easy to follow and grasp the information presented. As an Examiner of Accounts in the Office of the Auditor-General; Supervisors of Audit, other Examiners, Audit Clerks, and Government Tax Auditors.
Excellent, almost overwhelming presentation of a large amount of information by an impressive very knowledgable instructor. Only suggestion would be to make slides available so that we could retain more of the detail. Otherwise. great job!
Course description should specify this uses Canadian GAAS as examples (for standards and report wording) instead of US GAAS. Even with that surprise though, this was a good, basic, introductory auditing course and I'm glad I took it.
A good introducition to the subject of auditing. The instructor is energetic and easy to listen to. The subject material covers both US GAAS and Canadian Standards. Overall, well done on condensing this info into an overview.
Very good course explaining the financial statement audit. It gives one an overview of things like ethics, code of professional conduct, independence and why these are important. The audit opinion's was well explained.
Instructor is enthusiastic and a pleasure to listen to. The visual materials really help supplement his presentation instead of being slides that he is reading off of. A good overview of financial audit principles.
The topics covered is a good refresher to those who have been in audit. For those that are not, this provides a very good overview. The speaker presented well and provided relevant and useful information.
This is a great refresher for those who have been not exposed to financial statement auditing. I appreciated the step by step presentation of background, standards, planning and audit reporting.
The instructor should have provided more information to help review for the exam. The slide sheets at times had so much information to quickly read and it was not provided for reference.
It almost like the presenter is yelling at the students. Showing more pictures or including some clips would draw more interest and attention than just watching the presenter talked.
Blair you are awesome. Your courses always are exciting and jam packed with impactful content. I really like the way you present and recommend your courses.
Thank you,
Larry
Nice summary approach - instructor a bit wired. Also, examples are Canadian oriented - not a lot of difference, but the specific points may be unfamiliar to a US participant.
This course provides a basic understanding of audit of financial statements. The resource person helps us to understand the concepts by explaining succinctly.
Very nice refresher course. Reminders of several aspects of auditing financial statements that we tend to gloss over, especially as internal auditors.
First, why were are the examples given related to Canada? Second, It felt like the instructor was shouting at me. I did not enjoy this course at all.
Presenter was clear and concise, and this was a good overview of how an auditor works with a company to issue the financial statements.
This material is very helpful for anyone in the Accounting profession. I'm anxious to view other courses offered with this instructor.
Additional notes which you could review are required. I really don't like the annoying phrase which he repeats at the end of each unit.
Very informative. I'm surprised at how well it's organized. A great refresher for experienced auditors and audit instructors, alike.
Good introductory and review material. Think course would be better if notes were included for student to keep for future reference.
Good overview on financial audits; it's governing body, brief description on how it's performed and the results of said audits.
decent low level summary of audit process for anyone needing it, mostly accountants without public accounting experience
I thought it was a good overview of the audit field. A good review to get me oriented for my CPE courses for the year.
Weak program materials, but otherwise good course. Really need a set of slides, or script, for better review.
It was a good overview for auditing financial statements. The pacing and amount of information was just right.
As a former auditor this was a good refresher course. Also, good for those just entering the audit profession.
The course is basic. It covers the general facts. It's a good place for a new accounting student to start
Presenter refers to Generally Accepted Auditing Standards but the slide shows Canadian Auditing Standards.
Instructor sounds like an infomercial and some of the information presented in this course is not accurate
The course is ideal for those who wanted to have an idea of what audit is about. Very helpful for newbies.
Good overview of auditing, but presented very quickly. I would have liked to see slides as a takeaway.
Good audit course that goes over the requirements of what you need to know about financial statements.
Great course of auditing financial statements part 1 : an overview of the financial statements audit.
A refresher and interesting course. Nothing surprised me. This will be most beneficial to beginners.
Good introductory course. The instructor took a very dry subject and made it interesting (somewhat)
What you would expect for a foundation level course. The questions proved to be a nice refresher.
Very well presented. The examples were great! The slides were understandable and informative.
Great intro to an audit. And a good refresher course if you haven't done audit in a while.
I enjoyed the presentation style and found the reference material shown to be most helpful.
Good information for internal auditors who have not performed a financial statement audit
interesting and meaningful course
Gain valuable knowledge of financial statement audits
Solid review of the basics of an audit which is helpful as we head into audit season.
Solid overview of the terms and definitions surrounding a financial statement audit.
Good overview of generally accepted auditing standards. Presenter is very energetic.
The Instructor cover all topic and explained them in an easy to understand way.
Good overview for someone previously involved in public accounting to refresh
This course was useful as always. I liked so much the all teaching procedure.
Interesting refresher on Audit standards and types of audit opinions.
Liked that the presentation is organized and summarized succinctly.
Good review of basic audit principles. My thanks to the presenter.
I like the instructor and seek out his courses. Next up part II.
Good basic overview of the Audit Process & who does what and why.
Great beginner course on the audit of the financial statements.
Another great course with great content and helpful information
A great overview on the important aspects of financial audit.
I would like to know what I got right and wrong on the exam.
This was a clearly presented course with great information.
great basis course for beginnings and refresher for others
Ease of use; the fact that is was free; relevant to my job
Good introduction. Not necessarily an overview of audit.
Like the way the material is presented. I would recommend
Excellent general overview for non-financial auditors.
Good overview. I would have liked a pdf of the slides.
There appears to be something wrong with the grading.
Clear, concise, and easy to review and understand.
Thorough and clear presentation of the concepts!
It would be helpful if there were review slides.
Good over view of a financial statement audit
Great introductory course. Good materials.
Highly energetic and engaging presentation!
Excellent course on auditing standards.
Blair is killing it. Good solid course.
Good description of the audit and report
A very complete review of the basics.
Great summary and refresher. Thanks.
Engaging and knowledgeable presenter.
Need pdf for this course for notes.
Very concise overview of auditing
Great course! Very informative.
The course was a little dry
review of opinion types
Good intro to Auditing.
Straightforward course.
Good initial overview.
good basic information
One word, excellent.
Nice review for me
Great content.
good refresher
good refresher
Good overview
interesting.
Good course
excellent
Helpful
Easy.
Good
n/a
ok
Prerequisites
Course Complexity: Intermediate
No Advanced Preparation or Prerequisites are needed 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 .
I missed a question on the final exam. I want to know which one I answered incorrectly and what the correct answer is.
Good course! Excellent tutor!