Skip to main content

How to Properly Prepare Audit Documentation & Workpapers

Date(s): Mar 28, 2019
Time: 8:15AM - 4:30PM
Registration Fee: $299.00
Cancellation Date: Mar 21, 2019
Location: JOHN M. KEEL LEARNING CENTER
City: Austin
Parking Info:

Parking for SAO, Professional Development courses is in Garage B (1511 San Jacinto Blvd.). The Garage signage may read 1511 San Jacinto or Garage B. The elevator in Garage B is not reliable. If you are unable to walk the stairs, please contact the professionaldevelopment@sao.texas.gov for alternate parking arrangements. Handicapped parking is free at the meters around the downtown area.

A course coordinator will Email you a parking permit prior to the course start date. A permit must be displayed or you will be ticketed.


Course Description

This course will offer a detailed study of audit documentation and procedures, including planning and supervision, internal control, and substantive testing as well as an overview of Generally Accepted Auditing Standards.


Potential CPE Credits: 8.0
Govt Hours: This class meets 8.0 hours of the 24-hour requirement for governmental CPE under Government Auditing Standards (yellow book), in most cases.
Technical Hours: This class meets 8.0 CPE credits of technical training in compliance with Texas Admin. Code Rule 523.102.

Instruction Type: Live
Experience Level: BEGINNING
Category: Auditing

Course Objectives

As the primary documented record of work performed and evidence obtained in an audit, workpapers are a critical component of the audit process. In the first part, participants will be presented with auditing standards and workpaper content. Participants will learn how to document the various aspects of the audit. At the conclusion of this session you will be able to:

Understand GAAS standards including the main provisions associated with risk assessment

  • Define reasonable assurance
  • Define and identify the purpose of audit documentation
  • Recognize specific GAAS, PCAOB, SSARS, SCQS, and ET requirements related to audit documentation
  • Define audit evidence and identify the characteristics of sufficient appropriate audit evidence
  • Define and recognize the relevant management assertions
  • Identify the types of procedures used in an audit
  • Name the types of audit documentation and common workpaper requirements
  • Identify the key components of auditing standards related to planning and supervision.
  • Recognize the documentation requirements for the following:
  • Planning and Supervision
  • Internal Controls
  • Substantive Tests
  • Identify the various types of audit documentation.
  • Identify the pitfalls to avoid when preparing audit documentation.

 

Outline

         I.            Planning & Supervision — Auditing Standards

       II.            Planning & Supervision — Documentation

     III.            Internal Control — Documentation

    IV.            Substantive Tests — Documentation

      V.            Types of Audit Documentation


Instructors

Jennifer McAllister

CPE Instructor Biography of

Jennifer McAllister, CPA, MACC

Jennifer McAllister is a registered CPA in the state of Georgia and owner of JB McAllister, LLC, a full service accounting firm in the Cumming/Suwanee area.

Jennifer primarily services small businesses and recently was appointed Business Developer of Fideles Christian School where she will expand into the marketing and human resources for the school.

Jennifer has also been an instructor for Becker, CPA Professional review for nineteen years and presently is the lead instructor for the Atlanta area. This position requires the hiring and managing of all the teachers and the scheduling of the classes. She also travels to guest lecture at various universities in the United States during the summer months.

Jennifer just recently graduated with a Master of Accountancy from Auburn University. She is seeking out the opportunity to teach at the collegiate level.


Additional Information

TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

If you are making travel plans to come to Austin, we recommend making "refundable" air and hotel reservations or waiting until 14 days before the class to actually book your reservations. Courses are occasionally canceled or rescheduled due to low enrollment. We determine whether a course has enough participants 16 days prior to the course date. If we cancel or reschedule, we will email the participant and his or her billing contact no later than 14 days before the original class date.

The course coordinator will contact you with parking information. Handicapped parking is free at the meters around the downtown area.

Vending machines with Coca-Cola products and various snack items are available. There is also a refrigerator and microwave in our coffee bar area. Feel free to bring in your own drinks and food if you prefer.

You might want to bring a light sweater or jacket, as room temperatures vary.

To see answers to our Frequently Asked Questions, visit http://www.sao.texas.gov/training/faq.html.