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AuditWatch University Level 3: Beginning In-Charge Training


Course Details
Duration: Three Days
Prerequisite: 21-36 Months Experience
Level of Instruction: Intermediate
Delivery Method: Group-Live
CPE Credits: 24 Credits (22 Auditing, 2 Communication)
Advanced Preparation: None
Registration: To register for a public course, visit our Course Schedules page.

To inquire about In-House Training, or other questions, call 1-800-775-9866

This session prepares auditors to take in-field responsibility for an audit engagement. It mixes discussion with case studies to provide an in-depth look at designing and completing the key steps in an audit. There is a heavy focus on completing the risk assessment procedures and making appropriate risk assessments. The session includes case study work on understanding, evaluating, and verifying a client's activity level controls within key business cycles. In addition, this session includes multiple interrelated modules on key business skills used by in-charge accountants, including supervising individuals and reviewing files.

Learning Objectives by Module
After the session, participants should be able to:

Role of the In-Charge Auditor — 1 Credit (Auditing)

  • Identify important skills and characteristics of the best performing in-charge accountants

The Audit Process and Plan — 8 Credits (Auditing)

  • Obtain an understanding of the entity and its environment, including internal controls
  • Assess risks of material misstatement at the overall and assertion level
  • Facilitate an engagement team emeting
  • Design sufficient and appropriate audit procedures to respond to assessed risks

Engagement Management — 2 Credits (Auditing)

  • List key principles for creating effective “prepared by client” lists
  • List efficient engagement wrap-up techniques and describe in what situations they might be most effective
  • Describe basic engagement economic terms and concepts

Supervision — 4 Credits (Auditing)

  • Describe the importance of effective supervision and understand supervision styles
  • Explain how auditors learn on the job
  • Describe the need for and process of delegation

Communication and Information Gathering Skills — 2 Credits (Communication)

  • Clearly communicate instructions to staff and others
  • Describe techniques for effectively interviewing clients and processing the information obtained from inquiries
  • Listen actively in order to increase participants' understanding of essential information

Documentation & File Review— 3 Credits (Auditing)

  • Understand the requirements of AU-C 230, Audit Documentation
  • Describe the purpose of a detailed review
  • Perform a detailed review and write productive review notes

Analytical Procedures — 3.5 Credits (Auditing)

  • Describe the principles of designing great substantive analytical procedures
  • List common sources for developing independent expectations
  • Document results of substantive analytical procedures

Summary: Best Practices for the Beginning In-Charge — 0.5 Credits (Auditing)

  • List best practices discussed in the course
  • Describe ways skills learned in this program will be applied in the upcoming year


Video ClipAuditWatch University Level 3:
Beginning In-Charge Training

Pete Bieghler, CPA, and Jex Varner, CPA discuss the AuditWatch University Level 3: Beginning In-Charge Training seminar.
View Video >>

For more information regarding refund, complaint, and program cancellation policies, please contact our office at 1-800-775-9866.

AuditWatch is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Course Schedule


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