Audit Level 1

Audit Level 1 introduces new auditors to the foundational concepts and technical skills needed to contribute effectively to audit engagements. Participants explore the audit process, the audit risk model, understanding the entity, internal control walkthroughs, and the connection between assessed risks and audit procedures. The course emphasizes practical application through common staff-level audit areas, including cash, accounts receivable, property and equipment, accounts payable, inventory observations, and substantive sampling. Participants also build essential skills in audit documentation, critical thinking, professional communication, effective listening, and responsible use of data and AI-enabled tools. Through interactive case studies and simulations,practice asking better questions, evaluating client-provided information, and preparing reviewer-ready workpapers. This course provides a strong foundation for performing audit procedures with curiosity, professionalism, and attention to audit quality.

• Describe the major phases of an audit, key audit risk concepts, and the relationship between risk assessment and audit procedures.
• Apply foundational audit procedures in common audit areas, including cash, accounts receivable, property and equipment, accounts payable, inventory, and substantive sampling.
• Prepare audit documentation that is organized, complete, and responsive to professional standards and reviewer expectations.
• Identify opportunities to use data, technology, and AI-enabled tools responsibly to enhance audit procedures, documentation, and insights.
• Demonstrate professional communication, effective listening, and critical thinking when working with engagement teams and client personnel.