Description
Essential Auditing Skills and Techniques for the Government Auditor includes a self-study e-book delivered to you immediately upon purchase for 10.5 hours of CPE credit.
This e-book will give you the confidence you need to take on any government audit assignment. Let Leita guide you through every step of conducting an audit including assessing risk, refining the audit objective, choosing methodologies, and documenting your work: all the essential auditing skills and techniques that will serve you no matter where, or for whom, you audit. Your responsibilities for fraud, useful interviewing tips, and the elements of a finding are covered using case studies, frequent references to audit standards, and stories of audit failures and successes. You will ‘get’ why your audit supervisor keeps asking you to do certain things. You might even be able to teach that smarty-pants on your audit team a thing or two when you are reading. This e-book covers the three types of audits typical in the government environment – a financial audit, a performance audit, and a compliance audit. Frequent references to applicable audit standards (from the IIA, GAO, AICPA) will keep us grounded.Course objectives for Essential Auditing Skills and Techniques for the Government Auditor include:
- Contrast the objective and scope
- List the basic questions that auditors seek to answer
- Differentiate between standard-setting bodies
- Identify the different types of audits
- Identify and arrange the steps in conducting an audit
- Associate the steps of an audit with the phases of an audit
- Detect common flaws in the conduct of an audit
- Identify common deliverables on an audit
- Describe the requirements for gaining an understanding of an audit subject
- Assess the weakness in a given criteria
- Distinguish between the two main steps of performing a risk assessment
- Distinguish between the types of inherent risk
- Classify controls into the components of the COSO model of controls
- Distinguish between a control’s design and its implementation
- Distinguish among inherent risk, control risk, and detection risk
- Define terms used in risk assessment for a financial audit
- Distinguish among inherent risk, control risk, and detection risk in a performance audit
- Apply the two basic steps of conducting a risk assessment for a compliance audit
- Distinguish between a workable objective and a vague objective
- Detect weak and vague audit methodologies
- Classify evidence into one of three types
- Differentiate between “sufficient” evidence and “appropriate” evidence
- Differentiate between annual budget allocations and detailed budget estimates
- Identify and order the steps of conducting an interview
- Distinguish among the elements of a working paper
- Describe the standards for working paper documentation
- Distinguish among the elements of a finding
- Evaluate whether a finding follows the simple rules of logical organization of a finding
- Identify the questions that you should consider at the end of your engagements
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