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Updated June 2009

   Duane Reyhl > Authored Classes > Audit Planning

Audit Planning:
A Practical Guide for Integrating the Standards
(2009 Edition)

Category: Audit

Level: Intermediate

CPE Credit: 8 hours

You Should Attend If You:

• Want to increase your audit efficiency and effectiveness.
• Are a small firm or a sole practitioner.
• Want to "tame" audit procedures overload.
• Prepare or approve audit plans.
• Have current knowledge of recent auditing pronouncements.
• Would like to receive document and spreadsheet templates to help you plan your audits.

Course Summary:
This interactive course helps you audit effectively in a small audit environment and includes implementation guidance for the AICPA Risk Assessment standards. Discussion includes required audit procedures and documentation, how to perform the various required risk assessments, tips for using information technology and data extraction techniques, considerations for electronic documentation, and more. Although designed with smaller audits in mind, the course's concepts work on large audits as well.

 

The course reviews essential concepts that you absolutely need to know in order to properly perform an audit. The focus is on the "big picture." Topics are presented in a step-by-step, common-sense fashion. The goal is to make the material easy to remember so you can readily apply what you learn. Mini-case studies, real life examples, and sample documentation reinforce the ideas. You will also receive a set of practice aids (paper and electronic) specifically designed for small audits.

Bonus Features:
Course attendees will receive electronic versions of the practice aids contained in the course. These include templates in Excel, Word and pdf formats. 

 

How This Course Will Help You Learn:
Each chapter starts with a refresher of the main concepts of the key audit planning area. Understanding these concepts helps you to efficiently plan--even under new or unfamiliar circumstances. The concepts are illustrated through presentation, exercises and group discussion.  The appendix section of the book includes sample practice aids that reinforce the course concepts.

 

Key judgment areas are illustrated through presentation, review of key points, and group exercises. You are encouraged to share your personal audit experiences, ideas and questions. Course participants also receive sample practice aids (that reinforce the concepts of the course) are included in an appendix and are available for no-charge download.

 

Course Topics:
The course focuses on professional standards that apply directly to audit planning. The auditor's planning responsibilities rest primarily in these areas:

• Financial statement assertions, evidence and documentation
• Documentation requirements and technical standards to consider
• Misstatements
• Risk
• Materiality
• Analytical review
• Internal control
• Sampling
• Pulling the process together
• 100+ tips for audit efficiency and performance
• Pull your plan together
  • What kind of audit program do I start with?
  • What steps should I perform?
  • How do I tailor changes to an existing program?

 

Author:
Duane Reyhl, CPA is with the regional CPA firm of Andrews Hooper & Pavlik P.L.C. and is the former technical director of the Peer Review Program of the California Society of CPAs. He performs the types of audits he discusses in the course.

How to Get this Course:

California CPAs:
Please visit the CalCPA Education Foundation for this and other CPE classes.

CalCPA Education Foundation
1235 Radio Road
Redwood City, CA 94065
Telephone: (800) 922-5272

All other CPAs, individuals or organizations:
If you purchase a site license for any of the courses, you can receive a participant's manual, discussion leader's guide, and a slide show in Microsoft PowerPoint format. You may also arrange for Duane to lead the course.

For more information about the price, the site license, or other course information, please contact:

Duane Reyhl, CPA
Andrews Hooper & Pavlik P.L.C.
5300 Gratiot
Saginaw, MI 48638
Phone: (989) 497-5300, ext. 303
E-mail: duane.reyhl@ahpplc.com

Duane Reyhl
116 Woodlawn Dr.
St. Charles, MI 48655
Phone: (989) 865-6520
E-mail: dreyhl@reyhl.com