Entry-Level Accountant Skills Training—Part 6, Handling First Audit Assignments

CPE Credit: 2 hours

Many accountants remember the pain of their early years working for a CPA firm.  For most entry-level accountants, many days were spent inspecting purchases or sales documents, footing client records and schedules and performing endless account analysis, to name a few of the more exciting assignments! While it was sometimes hard to stay alert and awake while performing these tasks, most accountants recognize these first assignments as the necessary foundation for a successful career in auditing. These materials will focus on the performance and documentation of the auditing procedures for the common first assignments for entry-level accountants (ELAs).

Topics Covered

• Tests of control
• Cash
• Accounts receivable
• Inventory
• Fixed assets
• Accounts payable and accrued expenses

• Understand basic auditing procedures in common first assignments.
• Be able to perform and document basic auditing procedures.
• Obtain an overview of audit program contents.
• Consider both quality and efficiency while performing and documenting assigned work.