How to Complete a GAAS Audit – An In-Depth Review of the Seven Facets
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Laura Thessin, CPA, MBA
Established finance and accounting professional with over 12 years of progressive experience. She transitioned from my role as a Commercial Loan Officer with an established community bank to an executive with The Engineering Groupe, Inc. She manage the day-to-day financial operations of the organization and coordinate all financial strategic planning. In addition, She also teach a senior level auditing course at the University of Mary Washington. She also create content and speak for continuing education providers.
B.A. in International Relations, 2010 College of William and Mary. M.B.A., 2015 Liberty University. M.S. in Accounting, 2020 George Mason University
Vice President, Corporate Services-The Engineering Groupe, Inc.She manage the Corporate Services department at a small, privately owned Civil Engineering and Land Survey Firm of 60 employees.This includes accounting, human resources, administrative staff and IT.
Adjunct Professor, Auditing- University of Mary Washington- She teach the required auditing course to undergraduate students in the accounting department at the University of Mary Washington.This course is an upper level auditing course and is required for students gradating with an accounting degree.
Certified Public Accountant- Virginia Board of Accountancy (VBOA), Issued September 2022, Credential ID: 52216
The intention of this course is to provide you with a refresher of the audit process from start to finish, providing an in-depth review of an audit’s seven (7) facets and any relevant updates to the standards. By the end of the course, you should have a general understanding of how a GAAS audit is conducted, what main components are required, the importance of risk assessment, and how to apply these policies and procedures in the real world – all without having to read the almost 1,000 pages of the Generally Accepted Auditing Standards.
Areas Covered
- Today’s GAAS audit can be organized into seven (7) different facets:
- Principles and Responsibilities
- Risk Assessment and Response
- Audit Evidence – How to Gather and Interpret Relevant Data
- Using the Work of Others (ie: internal auditors, specialists)
- Conclusions and Reporting
- Special Considerations
- Special Considerations in the United States - Relevant requirements, considerations, determinations, and key terminology utilized throughout each of the seven (7) facets
- The Role of Fraud in an Audit
- Auditor Responsibilities vs. Management Responsibilities
- Audit Theory vs. Real World Application
- Recent Changes/Updates in the Statements on Auditing Standards
Course Level- Basic/Fundamental to Intermedaite
Who Should Attend
Auditors, CPAs looking to move into the Audit field, Accountants
Why Should You Attend
The audit process is continually changing with new and cutting-edge technology. Now more than ever, it is important to be up to date on the audit process from start to finish. Understanding the importance of risk assessment and fraud risk indicators in the audit process can help you feel confident that you are providing the best service to your clients and the users of financial statements.
After this webinar, you will feel refreshed and ready to tackle a financial statement audit from start to finish.
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$200.00
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