Audit - Financial Statement
Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies
4.51 (3540 reviews)
84 046
students
19 hours
content
Aug 2024
last update
$119.99
regular price
What you will learn
Analyze audit engagements to provide assurance on financial statements.
Apply advanced auditing knowledge to interpret financial accounting concepts effectively.
Evaluate the structure and functions of public accounting firms in the audit process.
Coordinate and allocate tasks within an audit team for efficient engagement execution.
Develop comprehensive audit plans based on client business, risk environment, and scope.
Assess and manage audit risks through risk assessment and identification techniques.
Determine materiality and design appropriate audit procedures for reliable financial reporting.
Evaluate internal controls, identify deficiencies, and perform tests to ensure their effectiveness.
Apply statistical and non-statistical sampling methods to obtain relevant audit evidence.
Perform substantive testing to verify the accuracy and completeness of account balances.
Evaluate revenue recognition and accounts receivable processes in the audit of the revenue cycle.
Assess procurement, inventory, and accounts payable processes in the audit of the purchasing cycle.
Evaluate payroll Conduct comprehensive audit procedures for inventory valuation and obsand human resources processes, including compensation and tax compliance.
Perform audit procedures for prepaid expenses, intangible assets, and property plant and equipment.
Evaluate audit procedures and considerations for long-term debt, equity, and financial instruments.
Assess cash-related procedures, including bank reconciliations and fraud detection measures.
Prepare professional audit reports conveying findings, opinions, and recommendations.
Demonstrate ethical behavior, independence, objectivity, and confidentiality in auditing engagements.
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Our Verdict
Master the Art of Auditing Financial Statements achieves an impressive global rating of 4.56 with 83764 subscribers, demonstrating its effectiveness in imparting crucial auditing knowledge and techniques. The course excels at providing learners with comprehensive content and practical insights from experienced professionals. However, a more interactive approach using real-world examples would further enhance the engagement factor for beginners to grasp concepts more efficiently while making it even more appealing.
What We Liked
- The course offers in-depth analysis and a wide array of topics covering auditing financial statements
- Covers both theoretical knowledge and practical techniques, with real-world case studies
- Well-structured course with content ranging from risk assessment to audit report preparation
- Wide range of materials provided: 212 videos, PDFs, and exercises ensuring a comprehensive learning experience
Potential Drawbacks
- The presentation design can be improved, as some users found it childish and slightly distracting
- Lacks practical examples and simulations for hands-on experience with the concepts discussed
- Some users expressed concern over video repetition, suggesting more focus on important core topics
- A few users faced issues with downloadable certificates, requesting Udemy's assistance to rectify the error
Related Topics
2512030
udemy ID
16/08/2019
course created date
12/09/2019
course indexed date
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