In order to conduct effective and credible audits, professionals need to be rooted in the fundamentals that dictate auditing standards and practice. Auditing Financial Statements Part II: Auditing Principles extends the basis of knowledge by going beyond the fundamental principles that underpin each phase of a financial statement audit. This course is perfect for training audit programs and a must-have resource for LMS portals dedicated to training audit professionals with technical accuracy and solid ethical foundations.
This session delves into prominent auditing principles like professional skepticism, independence, reasonable assurance, risk-based auditing, and materiality. Students will learn how these principles influence auditor judgment, drive audit procedures, and inform decision-making in sophisticated situations. The course further discusses the organization of audit evidence, documentation requirements for audit, and the connection between auditing standards and actual engagements.
Financial Statements Part II: Auditing Principles is a foundation of any well-planned audit training process—providing professionals with the knowledge necessary to conduct audits with integrity, rigor, and confidence.