Audit Staff Essentials - Experienced Staff or New In Charge: Engagement Management and Supervision

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Managing an audit engagement

As you advance in your career, your role in the audit process will likely change. Reviewing the steps of an audit and exploring your position in the process can prepare you for new responsibilities, including:

• Becoming more actively involved in the risk assessment process
• Preparing to manage the engagement
• Learning about client management
• Delegating responsibilities for an efficient engagement
• Developing staff on the job
• Providing written and oral feedback to staff
• Instilling quality control on audit engagements

Other management responsibilities

You will also explore other topics, such as:

• Considerations for first-time audits
• What to look for when using opening balances
• Group audits
• Maintaining professional skepticism
• Recognizing personal biases and their effect on professional skepticism

Who Will Benefit

• Experienced staff
• New in-charge auditors
• Firms that want consistent training and level setting

Key Topics

• Engagement management
• The audit process
• Planning
• Leading the audit team
• Professional skepticism
• Overcoming auditor bias

Learning Objectives

• Identify common processes and procedures with regard to overall engagement management and supervision of the audit and staff.
• Determine ways to effectively lead an audit team and promote development of engagement team members.
• Analyze the meaning of professional skepticism, specifically as it applies to auditor bias.