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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 4 of 4, which covers auditing cycles and audit completion.

Course Series

This course is included in the following series:

4 CoursesAuditing

  1. Auditing Financial Statements Part I: An Overview of The Financial Statement Audit
  2. Auditing Financial Statements Part II: Auditing Principles
  3. Auditing Financial Statements Part III: Internal Controls and Fraud Controls
  4. Auditing Financial Statements Part IV: Auditing Cycles and Audit Completion

Learning Objectives

  • Discover audit planning and the preparation of audit programs
  • Identify approaches to auditing for fraud
  • Identify approaches for auditing the sales cycle
  • Discover substantive audit procedures
  • Recognize how to conduct audit completion procedures
Last updated/reviewed: November 10, 2017

33 Reviews (120 ratings)Reviews

4
Anonymous Author
The level of details provided is very good and covers the key items related to this stage of the audit. The speaker/presenter is good but it will be more helpful if there is a PDF file that covers this course similar with the other courses available in Proformative/Illumeo.
4
Anonymous Author
Course had fairly good content but materials were weaker than most. Too much of the time was spent with just stock photos/images on the screen instead of an outline of the information being presented.
5
Member's Profile
I liked Blair's systematic and detailed explanations of how the audit progresses and is eventually completed, along with tips to look for when evaluating the results of audit procedures.
5
Member's Profile
Very informative. I like that it confirms what I'm doing in the classroom. It actually surprised me how similar to the way I teach. Educators would greatly benefit.
5
Member's Profile
Great series of lectures. I think it'd be helpful if there was a presentation material to which I can reference in the future.
5
Member's Profile
Thank you for the course! But for me the problematic issues were related with the sound during the presentations.
5
Member's Profile
Excellent focus on the most common accounting cycle to demonstrate process, controls and substantive testing.
5
Member's Profile
Great course! Instructer is systematic and very detailed. I'm looking forward to more of his courses.
5
Member's Profile
A good conclusion to the four part series. It wrapped up the audit process. Very insightful.
4
Anonymous Author
The presentation is to-the-point and it covers the critical areas of the audit cycles.
4
Member's Profile
Great course for a quick review of the audit cycles and completion stage of an audit.
5
Member's Profile
Excellent course, nice refresher, great energy. Your courses are very helpful.
2
Member's Profile
There are no slides for this series that are needed for documentation purposes.
5
Member's Profile
Great overview with logic. I have a much better view of the audit process.
4
Member's Profile
This is a great course in terms of the material but everything felt rushed.
3
Anonymous Author
A pdf of the slides may be helpful. Overall, a good refresher.
5
Anonymous Author
Not a bad course to brush up on financial statement auditing!
4
Member's Profile
Good visuals and good enthusiasm. Well organized materials.
5
Anonymous Author
I enjoy the examples and clearly explanation. Thanks!
5
Member's Profile
Good course on Auditing Cycles and Audit Completion
4
Member's Profile
Blair's course on Auditing is the best. Do it.
4
Member's Profile
Another very good course on auditing.
5
Member's Profile
Really liked all (4) courses. Thanks.
5
Anonymous Author
Great overview and referesher course!
4
Member's Profile
Good. PDF file of content preferred.
5
Anonymous Author
Content-rich series, well presented.
4
Member's Profile
Great Presentation
5
Anonymous Author
Good overview...
4
Anonymous Author
excellent review
4
Member's Profile
Good course.
5
Anonymous Author
Good course
5
Member's Profile
Good review
4
Member's Profile
none

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
Auditing Cycles and Audit Completion
  4:59Auditing Planning
  6:45Audit Programs
  13:04Auditing The Sales Cycle
  11:09Substantive Audit Procedures
  10:11Auditing for Fraud
CONCLUSION
  10:27Completing The Audit
Continuous Play
  56:34Auditing Financial Statements Part IV: Auditing cycles and audit completion
SUPPORTING MATERIALS
  PDFAuditing Cycles and Audit Completion Glossary
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM