My Profile   |   Contact Us   |   Your Cart   |   Sign In
Staff Audit Training: Beginning In-Charge (STP314)
Tell a Friend About This EventTell a Friend
 

This intensive course will help experienced staff advance more quickly to higher levels of responsibility and become more profitable to their firms by helping them better plan and efficiently complete audits, supervise staff, review working papers and interact with partners and clients.

9/8/2014 to 9/10/2014
When: 9/8/2014
8:30 AM until 4:30 PM
Where: Homewood Suites by Lafayette Airport
201 Kaliste Saloom Road
Lafayette, Louisiana  70508
United States
Presenter: Kurt Oestriecher, CPA


Online registration is closed.
« Go to Upcoming Event List  

Registration Fees

Members

Non-Members

Early Bird (through 8/22)

$625

$925

Standard (after 8/22)

$675

$975


VendorAHI
Field of StudyAccounting & Auditing
LevelIntermediate
CPE Credits24
Yellow Book?No

This intensive course will help experienced staff advance more quickly to higher levels of responsibility and become more profitable to their firms by helping them better plan and efficiently complete audits, supervise staff, review working papers and interact with partners and clients.

WHAT IS EXPECTED OF THE IN-CHARGE (2.5 Hours)
Participants first build a composite list of the responsibilities of an effective in-charge based on their firms' practices. The list is then used as a basis for discussing the kinds of actions that participants can take to improve their chances for achieving success in their firms.

PLAN ENGAGEMENTS (5.5 Hours)
The in-charge's responsibilities for engagement planning are the focal points for this session. The steps that should be followed in proper planning are identified through the use of a case. This is followed by a discussion of the deterrents to planning that exist in actual practice and identification of ways to partially or fully overcome the deterrents. Emphasis in the planning session is on how to plan more effectively in order to improve the quality and efficiency of the engagement.

ASSESS RISK AND MATERIALITY (3.5 Hours)
The major case in this module requires participants to (1) determine planning materiality and calculate tolerable misstatement, (2) assess engagement risk, inherent risk and control risk and then (3) link these results to the audit procedures needed to reduce detection risk for specific accounts to an appropriate level. Emphasis is placed on minimizing engagement cost while still performing a high quality audit. The final case requires participants to assess the risk of fraud including conducting a fraud brainstorming session for a typical client.

NONSTATISTICAL AUDIT SAMPLING (2.5 Hours)
Non-statistical audit sampling concepts are typically difficult for participants to apply to audit engagements. This module begins with a discussion on properly applying auditing standards. In a case continued from the previous module, participants practice making correct sampling decisions for the audit of one major financial statement account. The final case illustrates the concept of projecting sample misstatements to the population, including the consideration of sampling error.

MEET CLIENT NEEDS (1.5 Hours)
One purpose of this session is to illustrate the four primary elements of effective selling and how these elements can be used by in-charges to help the firm sell additional services to existing clients. Using the conclusions reached, a general discussion is held about how to use management letters as a client relations and sales tool.

COMPLETE ENGAGEMENTS (2.5 Hours)
Inexperienced in-charges typically have difficulty getting an engagement completed. This session is designed to give participants ideas and teach them how to improve their performance in this area. Early problem identification, tying up loose ends throughout the engagement, early review of assistants' work and self-review are stressed as ways to reduce completing-the-engagement difficulties.

REVIEW ASSISTANTS' WORK (3 Hours)
This session emphasizes identifying objectives and developing a methodology in reviewing assistants' work. Early review, proper documentation and effective communication of review comments are essential parts of the discussion. A major case provides practice in reviewing a section of a set of working papers.

SUPERVISION (3 Hours)

Supervision and motivation of assistants is a major topic in Supervisory Staff Training. It is introduced in this program to help participants understand the importance of good supervision and to teach them some on-the-job supervision techniques. Fundamental characteristics of good supervisors and common characteristics found in poor supervisors are identified through a series of short case studies.

DESIGNED FOR
Staff with 24 to 36 months of experience.
*Note: the experience level is only a guideline; actual experience levels may vary



Meet the Speaker

Kurt Oestriecher is a partner with Oestriecher & Company, CPAs, in Alexandria, LA, and has been with the firm since graduating from Northeast Louisiana University in 1986. He is partner in charge of accounting and auditing services, and is also involved in litigation support and small business consulting engagements.

Kurt is a three-time recipient of LCPA’s Outstanding Discussion Leader Award and has been named an Outstanding Discussion Leader for the AICPA seven times.

 

Community Search
Sign In


Forgot your password?

Not a member? Join now!

News & Tax Alerts
CPE/Events

Society of Louisiana
Certified Public Accountants

2400 Veterans Memorial Blvd., Suite 500
Kenner, LA 70062-4739

504.464.1040
800.288.5272 Map/Directions


Advertise/Exhibit

Classifieds

CPA Locator

Press Room

Staff Directory

Facility Rental

Privacy & Terms

About LCPA