Grading Your Auditors - Are You Getting the Most Value?

Overview

Description:
An audit is an investment in reliable financial reporting and compliance, and an increased return on those dollars can be achieved by hiring the right auditors. This course will provide key factors for you to consider when evaluating whether you are getting the most quality and insight from your auditors, to enable them to perform the most value-added audit possible in the given circumstances - while retaining the trust of a CPA.

Learning Objectives:

After attending this presentation you will be able to...

Describe how to identify signs that your auditors may be over- or under-auditing
Explain the "soft" skills, such as communication, creativity, critical thinking, and more that your auditor should readily exhibit in order to give you the greatest return for your audit dollars
Apply illustrative examples, of value-added business advice and assistance the auditor may apply without impairing independence

Program Content:

The major topics that will be covered in this class include:

Limitations in roles and responsibilities an auditor can accept without impairing independence
Assessing the strength of your auditor's ability to think critically, strategically, and creatively in appropriate circumstances
Evaluating your auditor's time and project management stills
Grading your auditor's communication and interpersonal skills, in exceeding your expectations on an audit

Who should attend: Anyone who manages the external auditor relationship

Developed By: Emergent Solutions Group LLC

Instructor: Jennifer F. Louis, CPA

CPE Credit: 2

Field of Study: Auditing (2 CPE)

Program Level: Basic

Prerequisites: None

Advanced Preparation: None

Format: QAS Self Study

Highlights

Limitations in roles and responsibilities an auditor can accept without impairing independence
Assessing the strength of your auditor's ability to think critically, strategically, and creatively in appropriate circumstances
Evaluating your auditor's time and project management stills
Grading your auditor's communication and interpersonal skills, in exceeding your expectations on an audit

Prerequisites

None

Designed For

Anyone who manages the external auditor relationship

Objectives

Describe how to identify signs that your auditors may be over- or under-auditing
Explain the "soft" skills, such as communication, creativity, critical thinking, and more that your auditor should readily exhibit in order to give you the greatest return for your audit dollars
Apply illustrative examples, of value-added business advice and assistance the auditor may apply without impairing independence