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Auditing Financing Statements

Learn how to audit the financial statements of any organization.

Instructed by Blair Cook

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High Quality Recorded Lectures 24
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Inlcudes Real Projects
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Certificate of Completion
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$199 /month

Buy Subscription See all plans
  • Access to all marketplace courses
  • Access to all new courses
  • Play & Pause Videos
  • High Quality Recorded Lectures
  • Learn Online from Mobile/PC/Tablet
  • Download Course for Offline Viewing
  • Inlcudes Real Projects
  • Certificate of Completion
  • Free Instructor Support
  • Describe, plan, and perform audits by enhancing your understanding of auditing principles. This is an in-depth course of financial statement auditing

Many organizations are audited by independent public accountants.  The purpose of an audit is to express an opinion on the fairness of presentation of financial information prepared by management.  An audit enhances the value of financial information by making it more trustworthy and credible. 

In this multi-part course, we are going to learn how public accountants plan and execute an audit.  The course is broken into four sections as follows:

Section I:  An overview of the financial statement audit

Section II: Auditing principles

Section III: Internal controls and fraud controls

Section IV: Auditing cycles and audit completion

  • Students should have an accounting background
  • This course is particularly helpful for university and professional level students who are preparing for their exams. This course has been widely used by universities and students around the world to develop a deeper understanding of the auditing principles.
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Section 1 : An overview of the financial statement audit

  • Lecture 1 :
  • Lecture 2 :
  • Players of the audit industry
  • Lecture 3 :
  • Generally Accepted Auditing Standards
  • Lecture 4 :
  • Auditing Ethics and Rules of Professional Conduct
  • Lecture 5 :
  • Independent Auditors’ Report
  • Lecture 6 :
  • Auditor Report Reservations

Section 2 : Auditing Principles

  • Lecture 1 :
  • Auditing Management Assertions
  • Lecture 2 :
  • The Audit Process
  • Lecture 3 :
  • Audit Evidence
  • Lecture 4 :
  • Audit Risk Model
  • Lecture 5 :
  • Assessing inherent risk
  • Lecture 6 :
  • Materiality

Section 3 : Internal controls and fraud controls

  • Lecture 1 :
  • Client Risk Profile
  • Lecture 2 :
  • Audit Working Papers
  • Lecture 3 :
  • What is an Internal Control?
  • Lecture 4 :
  • Internal Control Framework
  • Lecture 5 :
  • Assessing Control Risk
  • Lecture 6 :
  • Testing internal controls
  • Lecture 7 :
  • Small Business Assurance Engagements
  • Lecture 8 :
  • Fraud Schemes
  • Lecture 9 :
  • Fraud Triangle
  • Lecture 10 :
  • Fraud Prevention & Detection

Section 4 : Substantive audit work and completion procedures

  • Lecture 1 :
  • Audit Planning Approach
  • Lecture 2 :
  • Audit Programs
  • Lecture 3 :
  • Auditing the Sales Cycle
  • Lecture 4 :
  • Substantive Audit Procedures
  • Lecture 5 :
  • Auditing For Fraud
  • Lecture 6 :
  • Completing the Audit
  • 1. How do i access the course after purchase?

    Once you purchase a course (Single course or Subscription), you will be able to access the courses instantly online by logging into your account. Use the user name & password that you created while signing up. Once logged in, you can go to the "My Courses" section to access your course.
  • 2. Are these video based online self-learning courses?

    Yes. All of the courses comes with online video based lectures created by certified instructors. Instructors have crafted these courses with a blend of high quality interactive videos, lectures, quizzes & real world projects to give you an indepth knowledge about the topic.
  • 3. Can i play & pause the course as per my convenience?

    Yes absolutely & thats one of the advantage of self-paced courses. You can anytime pause or resume the course & come back & forth from one lecture to another lecture, play the videos mulitple times & so on.
  • 4. How do i contact the instructor for any doubts or questions?

    Most of these courses have general questions & answers already covered within the course lectures. However, if you need any further help from the instructor, you can use the inbuilt Chat with Instructor option to send a message to an instructor & they will reply you within 24 hours. You can ask as many questions as you want.
  • 5. Do i need a pc to access the course or can i do it on mobile & tablet as well?

    Brilliant question? Isn't it? You can access the courses on any device like PC, Mobile, Tablet & even on a smart tv. For mobile & a tablet you can download the Learnfly android or an iOS app. If mobile app is not available in your country, you can access the course directly by visting our website, its fully mobile friendly.
  • 6. Do i get any certification after completing the course?

    Yes. Once you succesfully complete any course on Learnfly marketplace, you get a certiifcate of course completion emailed to you within 24 hours with your name & the Learnfly badge. You can definately brag about it & share it on your social media or with friends as one of your achievement. Click here to view the sample certificate Click Here
  • 7. For how long can i access my course after the purchase?

    If you buy a single course, that course is accessible to you for a lifetime. If you go for a premium subcription, you can access all the courses on Learnfly marketplace till your subscription is Active.
  • 8. Whats the difference between Single Course Purchase & Go Premium option?

    With Single Course Purchase, you only get an access of one single course. Whereas, with premium monhtly or annual subscription, you can access all the existing or new courses on learnfly marketplace. You can decide what option suits you the best and accordingly you can make your purchase.
  • 9. Is there any free trial?

    Currently, we don't have any free trial but it may be available in near future.
  • 10. What is the refund policy?

    We would hate you to leave us. However, if you are not satisfied, you can ask for a full refund within 30 days & we will be happy to assist you further.

Blair Cook,

Blair is a many-time corporate director, CFO, author, speaker, educator, innovator, and thought leader. His educational videos of accounting and finance have million of views on YouTube. He has keynoted and spoken at national conferences from New York to Toronto. Along with Jen, he co-hosts CPA Canada’s podcast series “CPA Success Podcast.” He works with real businesses to experiment with theories and practices developed both in the academic and real world. He then shares these experiences and stories with others of what works, what doesn’t, and what was learned. He is the author of The Illiterate Executive: An Executive’s Handbook for Mastering Financial Acumen.
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