Master the Remote Audit Webcast [MRA2]

Subject:

Aug 11, 2021
Time: 2:30pm - 4:15pm
Accounting & Auditing

Credit Hours:

2.00

Price:

Member: $75.00
Non-member: $112.50

Discussion Leader:

James Hodge, CPA, CGFM, CFE

James Hodge is currently the Director of Financial Statement Audits at the Department of Treasury's Office of Inspector General where he oversees financial statement audits, performance audits, evaluations, and attestation engagements. Prior to joining the federal government, he worked for PricewaterhouseCoopers in their Washington Federal Practice (now Guidehouse), advising federal entities on how to solve complex organizational issues, manage risk, and add value in financial and program management, operations improvement, and security and data management.

James is also an adjunct business professor at Howard University, Montgomery College, and University of Maryland Global Campus where he teaches upper-level undergraduate and graduate accounting courses. Additionally, James serves as an instructor for Becker Professional Education and Kaplan Professional. He is a Certified Public Accountant, Certified Fraud Examiner, and Certified Government Financial Manager. He received both his undergraduate and graduate business degrees from the University of Dayton.

As an active member of the accounting and auditing community, James has served in numerous leadership roles with the National Association of Black Accountants, the American Institute of Certified Public Accountants’ Government Accounting and Auditing Update Committee, and the Office of Management and Budget’s Executive Steering Committee on Fraud.

Full Description

Master the Remote Audit Webcast (MRA2)

August 11th, 2021

People all around the world are now working from home, including audit professionals. Despite the change in work environment, auditors are still expected to deliver the same level of services in an audit as they would if they were on-site and must continue to comply with audit standards. In a remote audit, auditors must integrate information and communication with data analytics to assess the accuracy of financial data and the effectiveness of internal controls while gathering electronic evidence and interacting with clients...all in a virtual setting.

This course will go over the basics to consider and explain the challenges and benefits of a remote audit. It will cover the latest standards and how auditors can continue to comply with those standards while doing the work from a distance using technology and thoughtful processes.

Major Topics Covered:
-Challenges and benefits of a remote audit
-Latest audit and accounting standards
-Audit processes, including measures to ensure quality and professional skepticism in a remote environment
-Communication processes to be used with the audit team and the client
-Information gathering, sharing, and storage requirements and security measures

Learning Objectives:
Participants will be able to:
-Identify and explain the challenges of a remote audit
-Identify and explain the benefits of remote auditing
-Maintain integrity and professional skepticism
-Apply the concepts in the audit standards to a virtual audit experience
-Develop procedures to ensure the highest level of quality remains in the audit despite it being remote
-Identify and define methods to properly communicate with clients and members of the audit team in order to obtain and share information effectively and in a secure manner

Designed For: All practitioners in public practice.

CPE Credits: 2, Accounting & Auditing

Level of Knowledge: Basic

Prerequisite: Prior audit experience helpful.

Acronym: MRA2

Discussion Leader: James Hodge, CPA, CGFM, CFE