Audit Staff Training for New Senior Accountants—Part 2, Audit Planning for In-Person and Remote Engagements​

CPE Credit: 2 hours

AU-C Section 300, Planning an Audit, outlines audit planning activities which result in the following procedures:
• Obtaining an engagement letter.
• Evaluating client continuance.
• Developing an overall audit strategy.
• Holding a planning meeting.
• Developing a written audit plan (audit program).
• Documenting the planning activities in a Planning Document or other memorandum.
• Determining the extent of involvement of professionals possessing specialized skills.
• Making governance communications.
• Reviewing the work of assistants. 

LEARNING OBJECTIVES:
• Understand how in-charge accountants’ effective engagement planning can increase audit profits.
• Overview in-charge accountant’s role in engagement planning, performance, and completion procedures.
• Learn to effectively plan and organize audit documentation before beginning the work.
• Learn the purposes and benefits of a Planning Document.
• Overview engagement time-saving techniques.