Efficient Small Business Audits (CL4SBABR)

Date: 6/17/2008
Mandan Seven Seas
Time: 12:30 PM - 4:00 PM (Please verify this time on your confirmation.)
4 CPE Hours
$125 Member
$155 Nonmember
Add $25 after 6/3/2008
Instructor: Terrie Thamer

Auditors in today's world are constantly under scrutiny whether the client is large or small. However, small businesses bring a unique set of issues for the auditor trying to balance risk, effectiveness and efficiency. Recognize risks in the small business environment and how to effectively and efficiently deal with it throughout the audit process. Work through how to effectively plan, perform appropriate procedures and complete the small business audit. Improve your efficiency while satisfying auditing and quality control standards in a small business auditing environment.

Upon completion of this course, participants will be able to:

• Identify accounting and auditing issues for small businesses
• Apply risk model and materiality to the small business audit
• Conduct analytical procedures and audit testing effectively for the small business audit

Major Topics:

• Assessment of auditability – adequate accounting records and management integrity
• Application of risk considerations to the small business audit
• Understanding and assessing the typically limited internal control structure of the small business
• Application of analytical procedures to planning and substantive testing
• Design of audit programs to effectively consider timing and extent of testing

Designed For: Practitioners who perform audits in the small business environment especially those who would like a refresher on effective audit approaches
Level: Intermediate
Developer: AICPA
Prerequisite: Supervisory experience in the audit function

About the Speaker:
Teresa D. Thamer, CPA, CFE
Teresa D. Thamer (Terrie) is an Associate Professor at Brenau University and has been a faculty member at several other universities, teaching undergraduate and graduate financial and managerial accounting classes. In addition, Terrie has worked in both public accounting and industry for more than twenty-five years, specializing in small business accounting issues, budgeting, costing, management reporting and personnel training. Her industry specialties are construction, and manufacturing. She continues to consult with companies and is a technical reviewer for the Georgia Society of CPAs’ Peer Review Committee. Terrie is a Past National President of American Woman’s Society of CPAs, and Past Present of the Florida Association of Accounting Educators and the President of the Georgia Association of Accounting Educators. She is a past president of the Northeast Georgia Chapter of the Georgia Society of CPAs and serves on several committees with the Society. She holds an active CPA license in both Florida and Georgia as well as the Certified Fraud Examiner designation.