Audit Staff Essentials - New Staff Core Concepts

Audit concepts and techniques you can use throughout your career

As you take on new audit roles and responsibilities, you'll want to develop a strong conceptual groundwork for all future audit learning.

You'll gain the skills and knowledge needed to perform duties commonly assigned to first-year audit staff.

Scaffolded learning to grow your skills

Level 1 covers the audit from the firm's perspective. You will learn the core concepts and the dynamics of in-firm and client relationships, in courses that include:

• What Is an Audit?
• Nuts and Bolts: Preparation, Compilation, and Review Engagements
• Introduction to Professional Skepticism
• Deepen Professional Skepticism
• Understanding the Audit Process
• Audit Evidence
• New Auditor's Role on the Engagement Team
• Key Character Traits and Interpersonal Skills for Auditors
• Working Papers and Working Paper Documentation in a Financial Statement Audit
• Introduction to the Audit Risk Model

Starting your career off right

When taken together with Level 2 - New Staff: Practical Application, this level will help you become a successful auditor and firm member right from the start!

About Audit Staff Essentials − Your audit learning journey

From start to finish, Audit Staff Essentials (ASE) provides the training roadmap and support you need along your career journey. Designed to help you master your current position and excel in each phase of your career, this self-study series offers four levels that cover hands-on technical skills, conceptual expertise, and soft skill training.

Regularly refreshed, this series is perfect for individual staff members or as a comprehensive group training program for firms.

You can position yourself or your staff members to become successful auditors and essential firm members. Levels include:

• Level 1 – New Staff: Core Concepts
• Level 2 - New Staff: Practical Application
• Level 3 – Experienced Staff/New In-Charge
• Level 4 – Experienced In-Charge/Senior

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

Key Topics

• Audit basics
• Audit risk model
• Professional skepticism
• Key communication skills
• Working papers and documentation
• Professional standards and behavior
• New auditor's role in an engagement

Learning Outcomes

• Recognize the audit's purpose, phases, and procedures performed during each phase of an audit.
• Distinguish between preparation, compilation, and review engagements and the scope of work required for each service.
• Recall what professional skepticism is and why it is important, and review the requirements in U.S. auditing standards for professional skepticism.
• Recall the audit risk model, its elements, and how it combines risks to assess overall audit risk.
• Recall the individual procedures that collectively represent the majority of test work performed during an audit.
• Recognize the key sources of audit evidence.
• Identify the appropriate structure, format, and traditional conventions utilized by the profession in preparing audit documentation.