2021 Audit i-75 COMPLETE Course

Chapter 1:   Audit Standards-1-3 days (Becker Students start w chapter 2)

• Lecture 1: Audit-Intro to Auditing-The Basics

   00:18:28   136 slides 
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• Lecture 2: Generally Accepted Auditing Standards

   136 slides 
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• Lecture 3: Audit-Pre-Planning Stage

   00:45:53   101 slides 
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• Lecture 4: Decision to Accept the engagement-

   00:38:02   143 slides 
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• Lecture 5: Decision to Accept the Engagement P2

   00:39:04   143 slides 
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• Lecture 6: Audit-Pre-Planning Stage-Multiple Choice Test #1

    50 questions 
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• Lecture 7: Audit Standards and Pre-Planning M/C test # 2

    40 questions 
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• Lecture 8: Audit Simulation Video-Quality Control Standards

   00:19:20  
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• Lecture 9: Audit Simulation Video-Independence

   00:13:05  
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Chapter 2:   Planning and Assessing Risks. 3-5 Days

• Lecture 1: Audit Planning-

   00:14:44   115 slides 
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• Lecture 2: Audit Planning-Overall Strategy

   00:15:10   115 slides 
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• Lecture 3: Audit Planning-Materiality

   00:24:46   115 slides 
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• Lecture 4: Audit Risk Model-Inherent Risk

   24 slides 
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• Lecture 5: Audit Risk Model-Control Risk

   00:16:05   25 slides 
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• Lecture 6: Audit Risk Model-Detection Risk

   00:33:04   48 slides 
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• Lecture 7: Related Party Transactions
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• Lecture 8: Fraud-The Basics

   25 slides 
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• Lecture 9: Fraud Triangle Part 1-Fraudulent Financial Reporting

   69 slides 
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• Lecture 10: Fraud Triangle Part 2-Misappropriation of Assets

   00:19:53   27 slides 
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• Lecture 11: Audit Data Analytics

   00:24:37   52 slides 
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• Lecture 12: Data Visualization-Part 1-

   00:15:33  
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• Lecture 13: Data Visualization Part 2-

   00:16:59  
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• Lecture 14: Audit Planning and Assessing Risk Multiple Choice Test # 1

    40 questions 
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• Lecture 15: Audit Planning and Assessing Risk Multiple Choice Test #2

    40 questions 
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• Lecture 16: Audit Planning Simulation Video-Audit Risk Grid

   00:37:05  
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• Lecture 17: Audit Planning Simulation Video-Assessing Risks

   00:23:59  
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• Lecture 18: Audit Planning Simulation-Responsibility of Parties

   00:09:34  
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• Lecture 19: Excel-Pivot Table

   00:15:28  
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• Lecture 20: Materiality Simulation

   00:22:33  
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Chapter 3:   Audit Internal Control. 3-5 Days.

• Lecture 1: Internal Control-The Basics

   00:26:41  
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• Lecture 2: Understanding and Documenting Internal Control
  Private
• Lecture 3: Preliminary Assessment of Control Risk
  Private
• Lecture 4: Internal Control-Testing Controls

   00:16:10  
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• Lecture 5: Effect of IT on Internal Controls

   00:24:03   57 slides 
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• Lecture 6: Internal Audit Staff and Specialists

   00:20:35   96 slides 
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• Lecture 7: Controls at the Service Organization-Part 1

   00:13:52   74 slides 
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• Lecture 8: Controls at the Service Organization P2

   00:30:54   74 slides 
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• Lecture 9: Internal Control Simulation Video-Departments

   00:09:34  
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• Lecture 10: Internal Control-Multiple Choice Test # 1

    35 questions 
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• Lecture 11: Internal Control-Multiple Choice Test # 2

    35 questions 
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• Lecture 12: Internal Control-Multiple Choice Test # 3

    35 questions 
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Chapter 4:   Evidence Gathering and Audit Assertions. 7-10 Days.

• Lecture 1: Audit Evidence-The Basics
  Private
• Lecture 2: Introduction to Audit Assertions
  Free Preview
• Lecture 3: Balance Sheet Assertions

   00:24:50  
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• Lecture 4: Income Statement Assertions
  Free Preview
• Lecture 5: Revenue Cycle-Departments Documents, and Controls

   00:36:19   65 slides 
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• Lecture 6: Revenue Cycle-Two Directional Testing

   00:27:47   65 slides 
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• Lecture 7: Revenue Cycle-Subsequent Period Audit Procedures

   55 slides 
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• Lecture 8: Revenue Cycle-Accounts Receivable Confirmations

   55 slides 
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• Lecture 9: Accounts Receivable-Lapping

   13 slides 
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• Lecture 10: Revenue Cycle Video Simulation

   00:22:47  
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• Lecture 11: Expenditures Cycle-Documents, Departments, and Controls

   00:19:38   102 slides 
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• Lecture 12: Expenditures Cycle-2 Directional Testing-Subseq. Procedures

   00:47:42   102 slides 
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• Lecture 13: Expenditure Cycle Video Simulation
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• Lecture 14: Inventory Cycle-inventory Errors and FOB's

   00:15:01   22 slides 
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• Lecture 15: Inventory Cycle-Inventory Count and 2 Directional Tests
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• Lecture 16: Inventory Cycle Video Simulation

   00:08:22  
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• Lecture 17: Cash Cycle Part 1-Standard bank Confirmation
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• Lecture 18: Cash Cycle Part 2-Bank Cut-Off Statement
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• Lecture 19: Cash Cycle-Kiting Part 1

   00:16:33  
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• Lecture 20: Cash Cycle-Kiting Part 2
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• Lecture 21: Bank Reconciliation
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• Lecture 22: Bank Rec Simulation-Hersh Markets
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• Lecture 23: Cash Cycle Video Simulation-Tickmarks

   00:13:35  
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• Lecture 24: Fixed Asset Cycle
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• Lecture 25: Investment Cycle

   00:26:43   21 slides 
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• Lecture 26: Payroll Cycle-Part 1
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• Lecture 27: Payroll Cycle Part 2
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• Lecture 28: Payroll Cycle-Simulation

   00:18:17  
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• Lecture 29: Financing Cycle-Debt
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• Lecture 30: Financing Cycle-Equity
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• Lecture 31: Audit Evidence-Analytical Procedures

   00:55:15   104 slides 
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• Lecture 32: Audit-Flowchart Symbols

   57 slides 
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• Lecture 33: Subsequent Events

   00:26:20   25 slides 
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• Lecture 34: Evidence-Management Rep Letter

   00:43:57   101 slides 
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• Lecture 35: Audit Documentation-Current and Permanent File

   136 slides 
  Free Preview
• Lecture 36: Litigation Claims and Assessments-Part 1

   57 slides 
  Free Preview
• Lecture 37: Litigation Claims and Assessments Part 2

   57 slides 
  Free Preview
• Lecture 38: Audit Evidence-Multiple Choice Test # 1

    35 questions 
  Free Preview
• Lecture 39: Audit Evidence Multiple Choice Test # 2

    35 questions 
  Private
• Lecture 40: Audit Evidence Multiple Choice Test # 3

    35 questions 
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• Lecture 41: Audit Evidence-Multiple Choice Test # 4

    62 questions 
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• Lecture 42: Audit Evidence-Audit Assertion Simulation Video

   00:23:11  
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• Lecture 43: Audit Evidence-Simulation Video-Documentation

   00:14:45  
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• Lecture 44: Evidence Simulation Video-Subseq Events, Discovery of Facts

   00:21:06  
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• Lecture 45: Simulation-Inventory Errors and Journal Entries

   00:04:46  
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• Lecture 46: Simulation on Audit Documentation-Current vs Permanent File
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• Lecture 47: Subsequent Events Simulation (New!)
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• Lecture 48: Simulation-Sub Ledger to General Ledger Reconciliation-Inventory
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• Lecture 49: 2020 Audit Simulation on Journal Entries and Ratios

   00:17:10  
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• Lecture 50: 2020 Audit Assertion simulation

   00:12:09  
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• Lecture 51: Inventory Errors Simulation

   00:19:50  
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• Lecture 52: Bank Rec Simulation
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Chapter 5:   Audit Reporting. 7-10 Days.

• Lecture 1: Audit Report of issuer-with Critical Audit Matters

   00:50:00   96 slides 
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• Lecture 2: Audit Report of Issuer-Qualified Opinion-Lack of Evidence

   00:24:13  
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• Lecture 3: Audit Report of Issuer-Qualified Opinion-GAAP issue

   00:17:00  
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• Lecture 4: Audit Report-Issuer-Adverse Opinion

   00:15:13   45 slides 
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• Lecture 5: Audit Report-Issuer-Disclaimer

   00:10:39   45 slides 
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• Lecture 6: Audit Report of Non-issuer

   00:29:58   104 slides 
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• Lecture 7: Emphasis and Other Matters Paragraph

   00:22:20   113 slides 
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• Lecture 8: Emphasis and Other Matters Part 2

   00:34:14   113 slides 
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• Lecture 9: Other Matters vs Qualified Opinion

   00:54:12   127 slides 
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• Lecture 10: Qualified vs Adverse vs Disclaimer of Opinion

   127 slides 
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• Lecture 11: Group and Component Auditor

   00:17:23   142 slides 
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• Lecture 12: Review Reporting

   00:18:16   149 slides 
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• Lecture 13: Compilation Reporting

   00:24:06   103 slides 
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• Lecture 14: Preparation of Financial Statements

   00:19:07   99 slides 
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• Lecture 15: attestation Engagements Part 1-Levels of Assurance

   00:25:31  
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• Lecture 16: Attestations-Projections, Pro-Forma-Agreed Upon Procedures

   00:42:48  
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• Lecture 17: Agreed Upon Procedures-For those after September 30, 2021
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• Lecture 18: Comfort Letters

   00:15:31  
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• Lecture 19: Compliance Attestation-Examinations and Agreed Upon Procedures
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• Lecture 20: I/C over Financial Reporting-Types Deficiencies

   00:42:12   130 slides 
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• Lecture 21: Comparative Financial Statements

   00:57:45   134 slides 
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• Lecture 22: Internal Control over Financial Reporting-Issuer-Separate Report

   00:17:04  
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• Lecture 23: Internal Control over Financial Reporting-Issuer-Combined Report

   00:20:18  
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• Lecture 24: Government Audits-GAGAS-The Basics-

   00:18:52   63 slides 
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• Lecture 25: Government Audits-GAGAS-Single Audit Act

   00:20:43   63 slides 
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• Lecture 26: Reporting- Multiple Choice Test #1

    48 questions 
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• Lecture 27: Audit Reporting Multiple Choice Test # 2

    44 questions 
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• Lecture 28: Audit Reporting Multiple Choice Test # 3

    51 questions 
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• Lecture 29: Audit Reporting Simulation Video-Which Opinions Apply?

   00:36:34  
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• Lecture 30: Reporting Sim Video-Compilation vs Review vs Preparation
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• Lecture 31: Reporting on Supplemental Information-Simulation Video

   00:21:16  
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• Lecture 32: Reporting on Comparative Financial Statements-Video Sim

   00:30:22  
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• Lecture 33: Reporting on Comparative Financial Statements Video Sim #2

   00:15:31  
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• Lecture 34: Audit Standards Video Simulation-Which Standards Apply

   00:22:17  
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• Lecture 35: Sim on Internal control over financial reporting-issuer PCAOB

   00:25:28  
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• Lecture 36: Simulation on Internal Control over Financial Reporting-Non-Issuer
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• Lecture 37: Levels of Assurance Simulation

   17 slides 
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• Lecture 38: Simulation on Internal Control Communications P1
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• Lecture 39: Simulation on Internal Control Communication P2
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Chapter 6:   SOC Reports

• Lecture 1: SOC 1 Reports
  Private
• Lecture 2: SOC 2-The Basics
  Private
• Lecture 3: SOC 2 vs SOC 1
  Private
• Lecture 4: SOC Timeline
  Private

Chapter 7:   Audit Sampling. 1-2 Days.

• Lecture 1: Sampling for Attributes-Determining Sample Error Rate

   00:38:11   94 slides 
  Free Preview
• Lecture 2: Attribute Sampling-Determining the Population Error Rate

   00:32:39   193 slides 
  Free Preview
• Lecture 3: Attribute Sampling-Effectiveness and Efficiency

   00:07:59  
  Private
• Lecture 4: Sampling for Variables-Substantive Testing

   00:41:51  
  Private
• Lecture 5: Audit Sampling-Multiple Choice Test

    33 questions 
  Private
• Lecture 6: Audit Sampling Video Simulation
  Private
• Lecture 7: PPS-Simulation-Calculating Sampling Interval and Sample Size -Dec 2020
  Private
• Lecture 8: Audit Sampling -PPS Sampling Video Simulation

   00:09:02  
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Chapter 8:   Audit Ethics. 3-5 Days.

• Lecture 1: Audit Ethics Part 1--AICPA Code-Members in Public Practice

   00:43:33   107 slides 
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• Lecture 2: Ethics Part 2-Conflicts of Interest, Discreditable Acts
  Private
• Lecture 3: Audit Ethics P3- Members in Business and Other Members

   00:54:55   87 slides 
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• Lecture 4: Audit Ethics-Government Audits

   00:41:57  
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• Lecture 5: Ethics Part 4-Other Areas

   00:52:37   69 slides 
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• Lecture 6: Audit Ethics-Multiple Choice Test # 1

    64 questions 
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• Lecture 7: Audit Ethics-Multiple Choice Test # 2

    65 questions 
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• Lecture 8: Audit Ethics-Multiple Choice Test # 3

    66 questions 
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• Lecture 9: Audit Ethics-Simulation

   00:20:16  
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• Lecture 10: Ethics Sim on Permitted/Not Permitted Engagements for Attest Clients

   00:25:29  
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• Lecture 11: Simulation-Threats to Independence and Safeguards
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Chapter 9:   Ratio Analysis. 3-5 Days

• Lecture 1: Liquidity Ratios

   00:19:44   143 slides 
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• Lecture 2: Ratios-Common size Balance sheet and Income Statement

   00:17:12   143 slides 
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• Lecture 3: Activity and Efficiency Ratios

   00:20:49   143 slides 
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• Lecture 4: Operating Cycle and Cash Conversion Cycles
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• Lecture 5: Profitability Ratios

   00:56:33   260 slides 
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• Lecture 6: Transaction Effect on Ratios

   00:18:49   11 slides 
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• Lecture 7: Ratios- Multiple Choice Test # 1

    30 questions 
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• Lecture 8: Ratio Analysis-Multiple Choice Test # 2

    38 questions 
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• Lecture 9: Ratio Simulation Video-Transaction Effect on Ratios

   00:28:45   9 slides 
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• Lecture 10: Ratio Simulation Video-Reason For Change in Client's Ratio

   00:28:49   9 slides 
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• Lecture 11: Financial Statement Ratio Simulation

   00:20:25   4 slides 
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Chapter 10:   Audit of Information Technology. 1-3 Days.

• Lecture 1: General Controls in an IT System

   00:34:18   64 slides 
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• Lecture 2: Application Controls in An IT System-Input Controls

   00:38:34   81 slides 
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• Lecture 3: Application controls-Processing and Output Controls

   00:25:43   62 slides 
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• Lecture 4: Computer Assisted Audit Techniques

   00:30:31   61 slides 
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• Lecture 5: Multiple Choice Test -Audit of Information Technology

    46 questions 
  Private

Chapter 11:   Audit Final Review-M/C Testlets and Best Bet Simulations

• Lecture 1: Audit Final Exam Testlet #1

    50 questions 
  Private
• Lecture 2: Audit Final Exam M/C Testlet #2

    52 questions 
  Private
• Lecture 3: Audit Final Exam M/C Testlet # 3

    47 questions 
  Private
• Lecture 4: Final Exam "Best Bet" Simulation on Analytical Procedures

   00:27:52  
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• Lecture 5: Final Exam "Best Bet" Video Simulation on Independence and Ethics Part 1

   00:15:46  
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• Lecture 6: Final Exam "Best Bet" Video Simulation on Independence and Ethics Parts 2 and 3

   00:15:25  
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• Lecture 7: Final Exam "Best Bet" Sim-Review of Interim Financial Information of an issuer

   00:21:11  
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• Lecture 8: Final Exam Sim Video on Preventive, Detective, and Corrective Controls
  Private
• Lecture 9: Final Exam "Best Bet" Video Simulation on Materiality

   00:22:33  
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• Lecture 10: Final Exam "Best Bet" Video Simulation-Contingent Liabilities

   00:26:42  
  Free Preview
• Lecture 11: Final Exam "Best Bet" simulation on equity method of investments
  Free Preview
• Lecture 12: Final Exam "Best Bet" simulation, Review Engagements-Which Standards Apply?
  Private
• Lecture 13: Final Exam "Best Bet" Video Simulation on Subsequent Events
  Private
• Lecture 14: Final Exam "Best Bet" Simulation-Inventory Errors

   00:19:32  
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• Lecture 15: Accruals and Deferrals Simulation

   00:26:19  
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• Lecture 16: Audit-Adjusting and Correcting Entries
  Private
• Lecture 17: Final Exam "Best Bet" Video Sim on Assertions and Audit Procedures

   00:21:16  
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• Lecture 18: Data Analytics Simulation July 2021 Part 1

   00:14:28  
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• Lecture 19: Data Analytics Simulation July 2021 P2

   00:11:08  
  Private

Chapter 12:   Amazon E-Book-"Must Know" Questions!

• Lecture 1: Audit-Amazon E-Book-July 2021
  Private

Chapter 13:   Journal Entries-Must Know for Audit

• Lecture 1: Deferrals and Accruals-Adjusting Entries
  Free Preview
• Lecture 2: Adjusting Journal Entries Part 2

   00:13:57  
  Free Preview
• Lecture 3: Cash Basis revenue to accrual basis revenue

   00:21:34  
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• Lecture 4: Cash Basis Revenue to Accrual basis revenue Part 2

   00:18:18  
  Free Preview
• Lecture 5: Cash basis to accrual basis-accrued expenses
  Free Preview
• Lecture 6: Cash Basis to Accrual-Prepaid Expenses

   00:14:32  
  Free Preview