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Auditing 101 | Part 1: Starting the Audit: A Guide for CPAs & Aspiring Auditors | Maxwell CPA Review 2 года назад


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Auditing 101 | Part 1: Starting the Audit: A Guide for CPAs & Aspiring Auditors | Maxwell CPA Review

This video launches a series unpacking the entire audit process for CPA exam takers and aspiring auditors. We'll cover everything from accepting clients and crafting engagement letters to planning the audit, using analytical procedures, and understanding internal controls. You'll also learn how to leverage the work of internal auditors, specialists, and component auditors. Check out the description below for a free preview of our comprehensive Audit Review Course that dives deeper with real-world examples and practice questions! Check out a FREE PREVIEW of My Comprehensive Audit Course: https://courses.maxwellcpareview.com/... VideoChapters: 0:00 - Intro 0:41 – What’s the Purpose of an Audit? 1:21 – Client Acceptance 3:41 – Engagement Letter 5:26 – What are Working Papers? 6:13 – Sufficient and Appropriate Audit Documentation 6:36 – Nature, Extent, and Timing of Audit Procedures 7:38 – Audit Strategy vs Audit Plan 8:28 – Analytical Procedures 9:00 – Understanding the Client’s Business and Industry 9:25 – Understanding Internal Controls 10:22 – Who is the Predecessor Auditor? 11:17 – Using the Work of Others ✨ 𝗝𝗼𝗶𝗻 Maxwell CPA Review ✨    / @maxwellcpareview   🍁 𝗔𝐛𝐨𝐮𝐭 Maxwell CPA Review🍁 Our goal at Maxwell CPA Review is to help you thrive in your accounting studies. Whether you're struggling through a college accounting course or are pursuing the CPA exams, we want to help these confusing concepts finally make sense! 📌𝗖𝗛𝗘𝗖𝗞 𝗢𝗨𝗧 𝗢𝗧𝗛𝗘𝗥 𝗩𝗜𝗗𝗘𝗢𝗦 ➡️How I Scored a 95 on the FAR Exam | 4 Must-Know Topics 🔗   • Conquer the FAR Exam | Top Tips and S...   ➡️How Long are the CPA Exams? 2024 Exam Structure 🔗   • How Long are the CPA Exams? 2024 Exam...   ➡️2024 CPA Exam Score Release Dates | Testing Windows 🔗   • 2024 CPA Exam Score Release Dates | T...   ➡️Master the 2024 TCP Discipline Exam: Complete Topic Breakdown 🔗   • Master The TCP Exam: Blueprint & Skil...   𝗖𝗵𝗲𝗰𝗸 𝘂𝘀 𝗼𝘂𝘁 𝗼𝗻 𝘀𝗼𝗰𝗶𝗮𝗹 𝗺𝗲𝗱𝗶𝗮: Instagram:   / maxwellcpareview   Facebook:   / maxwellcpareview   𝗧𝗵𝗮𝗻𝗸𝘆𝗼𝘂 𝗳𝗼𝗿 𝘄𝗮𝘁𝗰𝗵𝗶𝗻𝗴: Auditing 101 | Part 1: Starting the Audit: A Guide for CPAs & Aspiring Auditors | Maxwell CPA Review #auditing #financialaccounting #accountingstudents #financialstatements #cpaexam #clientacceptance #engagementletter #auditplanning #analyticalprocedures #internalcontrols #internalaudit #specialists #componentaudits 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗦𝗲𝗮𝗿𝗰𝗵𝗲𝘀: cpa exam audit section tips audit planning process how to study auditing for cpa exam analytical procedures in auditing common audit exam questions auditing 101 | part 1 starting the audit a guide for cpas aspiring auditors maxwell cpa review

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