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Staff Training - Basic Level I (STBI16)
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9/28/2016 to 9/29/2016
When: 09/28-29/2016
8:30 AM until 4:30 PM
Where: Homewood Suites
201 Kaliste Saloom Rd
Lafayette, Louisiana  70508
United States
Presenter: Kurt Oestriecher, CPA


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AcronymSTB116
CPE16 hours
VendorAICPA/AHI
Category
Accounting & Auditing
LevelBasic
PrerequisiteNone
Adv PrepNone
RegistrationEarly Bird
(through 9/13)
Standard
(after 9/13)
Member$499$549
CPA Non-Member $699$749

The Member rate applies to LCPA members, reciprocal state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

NOTE: This workshop is being held in LAFAYETTE.
It had been incorrectly advertised as being in Kenner. If you need to make a change to your registration, please call the LCPA Member Service Center at 800.288.5272/504.464.1040.

Description

OBJECTIVE
To improve inexperienced staff members' knowledge, skills and attitude, and to enable them to be more productive and profitable on audits, reviews and compilations.

ROLE OF NEW STAFF
After recognizing that "taking the total service approach" is the key to growth, participants identify the ways in which new staff can contribute to the success of both themselves and their firm.

UNDERSTAND AUDIT OBJECTIVES
Through guided discussion, participants identify the major steps in the audit process and the alternatives that are available throughout the process. Audit objectives are identified and discussed. Discussion of the nature of the circumstances under which analytical procedures, tests of controls, tests of transactions, and tests of balances are performed.

WORKING PAPER TECHNIQUES/CASH
In a session scheduled on the first day of the program, participants critique a set of working papers in an area that they are familiar with - cash. Participants first identify the most common deficiencies found in the working papers of new staff. Then, through guided discussion and exposure to proper audit schedules, participants learn the most practical means of overcoming these deficiencies. In the process participants become aware of the characteristics and benefits of using engagement management software. Techniques developed in this session are reinforced throughout the course.

ANALYTICAL PROCEDURES
Guided discussion is used to introduce participants to the purposes served and the fundamental techniques employed in performing analytical procedures. Participants are assigned a case study in which they utilize these techniques to first identify and then follow up on accounts that have a with high risk of being materially misstated.

COMPILATION AND REVIEW SERVICES
Participants identify and discuss the different levels of assurance and responsibility as­sociated with financial statement preparation, compilations, reviews, and audits. Minimum levels of knowledge required in performing compilations and reviews are identified. Discussion of procedures performed on compilations and reviews and the circumstances under which they are performed. Participants are given an unadjusted trial balance taken from the books of a closely-held corporation,along with selected information about certain accounts. Utilizing this information,small groups of participants identify accounts needing possible adjustments,and prepare adjusting entries that will teach the preparation of financial statements in accordance with GAAP.

TAX RECOGNITION AND RESEARCH TECHNIQUES
The twofold objectives of this session are to improve each participant's skills at (1) identifying situations common to small and medium-sized clients that have tax implications and (2) performing non-complex tax research to resolve questions associated with each situation. Working with the same small company case used in the Compilation and Review Services module, participants first identify numerous situations with tax implications and then perform basic tax research using a tax reference manual,such as Master Tax Guide, in order to either resolve each tax question or recommend more in-depth research.

AUDIT/REVIEW SELECTED ACCOUNTS
In several sessions devoted to various balance sheet accounts,emphasis is placed on (1) identifying the audit and/or review objectives applicable to a given account and (2) design­ing and implementing those procedures that will,in the most efficient and effective manner, provide sufficient evidence to meet the specified objectives .Small group case analysis is used to help participants improve the skills they need in effectively and efficiently auditing receivables, payables, and inventories.

RECOMMENDED STAFF EXPERIENCE: 0 to 12 months
*Note the experience level is only a guideline; actual experience levels may vary.


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Society of Louisiana
Certified Public Accountants

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

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