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: August 25, 2023
46 Reviews (177 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.

4
Anonymous Author
I was not aware about the benford's law and all the other concepts discussed by the speaker.The course is very helpful, particularly for beginners like me.

5
Member's Profile
A great series as a refresher for experienced accountants as well as a great place for new accountants to get an understanding of the entire audit cycle!

5
Member's Profile
The details included relating to completing the audit are very informative. Communication with the audit committee is covered at an appropriate level.

5
Member's Profile
Great course from Blair, provided an effective refresher on all things auditing. Could use a slide packet to follow along with the presentation.

5
Anonymous Author
The course provides detailed discussion on Audit Cycle - from audit planning to audit completion. It is very informative and easy to follow.

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
This is a good series for new auditors and for industry accountants alike. It's a good foundation of where to start.

5
Member's Profile
Thank you for the course! But for me the problematic issues were related with the sound during the presentations.

5
Anonymous Author
Love Blair's webinars! Definitely wish there were more available on Illumeo. He is one of my facotire presenters!

5
Anonymous Author
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
What you would expect for a foundation level course. The questions proved to be a nice refresher.

5
Member's Profile
A good conclusion to the four part series. It wrapped up the audit process. Very insightful.

5
Member's Profile
Learnt key concepts and appreciated the delivery style. Look forward to more of this type.

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.

5
Anonymous Author
another good review of audit fundamentals. my thanks to the presenter.

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!

5
Member's Profile
Very clear and precise course on important Auditing concepts.

4
Member's Profile
Good visuals and good enthusiasm. Well organized materials.

5
Anonymous Author
This course was well presented with lots of great example

5
Anonymous Author
I enjoy the examples and clearly explanation. Thanks!

5
Member's Profile
Another good course. I'm glad I took these courses.

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
Auditing Cycles and Audit Completion
  Auditing Planning 4:59
  Audit Programs 6:45
  Auditing The Sales Cycle 13:04
  Substantive Audit Procedures 11:09
  Auditing for Fraud 10:11
CONCLUSION
  Completing The Audit10:27
Continuous Play
  Auditing Financial Statements Part IV: Auditing cycles and audit completion56:34
SUPPORTING MATERIALS
  Auditing Cycles and Audit Completion GlossaryPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam