ABOUT THIS COURSE

DAS Audit Level 2 is designed for staff auditors with the equivalent of one busy season of experience. This program focuses on tasks and procedures performed by experienced staff on a DAS audit. Topics include performing internal control walkthroughs, sampling, auditing accounts receivable, and substantive analytical procedures. In addition, the program provides practical training on professional skills necessary for success in the public accounting profession, including exercising professional skepticism and performing effective inquiries.

LEARNING OBJECTIVES

  • Use DAS to perform and document audit procedures, including internal control walkthroughs, substantive sampling, and substantive testing of cash, accounts receivable, inventory, fixed assets, and accounts payable, in accordance with professional standards.
  • Create effective risk assessment and planning documentation in DAS, including understanding the entity and its environment and evaluating internal controls.
  • Use research-backed techniques to exercise professional skepticism and conduct effective client inquiries, including recognizing fraud risk indicators in an AI-enabled environment.

COURSE AGENDA

  • 1
    Find Your Focus in Level 2: A Deeper Understanding of Auditing in DAS
  • 2
    The Value of Understanding the Entity: A Case Study in UEE Central
  • 3
    Understanding Internal Controls: An Interactive Case Study in IC-1
  • 4
    Performing and Documenting Effective Inquiries
  • 5
    The Risk Assessment Recap: Escape Room Edition
  • 6
    The Opportunities and Challenges of Central Planning & Consolidations in DAS (including SAS 149)
  • 7
    Applying Professional Skepticism in a Data-Driven Audit
  • 8
    Fraud Risk in the AI Era: What Auditors Need to Know
  • 9
    Substantive Analytical Procedures: Thinking Critically to Design Analytics and Evaluate Results
  • 10
    Substantive Sampling: Designing a DAS Sample and Evaluating Results
  • 11
    Auditing Accounts Receivable: AR Confirmation Exceptions & Valuation Testing
  • 12
    Auditing Inventory: Cost Testing
  • 13
    Beyond the Basics: Resolving Advanced Challenges in Cash, AP, and Fixed Asset Testing

Course Prerequisite

20-20’s DAS Audit curriculum incorporates the use of the Dynamic Audit Solution (DAS).  All attendees must have an active subscription to DAS prior to and during the course.

20-20’s programs do not replace implementation training for DAS and should be attended after initial introduction to the tool.

COURSE INFORMATION

Delivery Methods Fields of Study
Group Live

Group Internet

 Auditing (23)

Accounting (1)

Communications & Marketing (1)
CPE Credits Prerequisites
24 Credits Active subscription to the Dynamic Audit Solution (DAS)
Level Advance Preparation
Basic None
Register individuals and small groups in our open enrollment sessions of this course.
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