Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: MACI-0065 Organization's ID: 5886 Organization: Management Concepts, Inc. Location: Classroom-based Length: 3 days, 21 hours Dates Offered: 4/1/2000 - 1/31/2012 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Upper-Division Baccalaureate 1 Accounting or Business Administration Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: To provide the knowledge and skills to meet the basic requirements for federal financial statement audits, and to probe the sources of information and guidance related to them. Learning Outcomes: Analyze the impact of legal requirements, standards, guidance, and accounting principles on the preparation and audit of federal agencies' financial statements Apply current audit techniques to assess internal control risks and assure a proper audit plan Assure that audit reports meet all current requirements Discuss current form and content of statements Differentiate among audit procedures performed in the four audit phases Perform required audit tests to identify non-compliances, illegal acts, or fraud General Topics: Why and how to audit Overview of the audit approach Federal accounting and financial statements The planning phase Internal controls Fraud, illegal acts, other noncompliance, and abuse The reporting phase Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Audio Visual Materials Classroom Exercise Discussion Lectures Practical Exercises Methods of Assessment: Examinations Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from Management Concepts, Inc. ACQ 315: Understanding Industry (Business Acumen) (MACI-0117) ACQ 370: Acquisition Law (MACI-0111) ACQ-265: Mission-Focused Services Acquisition (MACI-0112) Advanced COR Workshop (MACI-0096) Advanced Simplified Acquisition Procedures (MACI-0057) Agile Project Management for the Federal Environment (MACI-0108) CON 091: Contract Fundamentals (MACI-0115) CON 170: Fundamentals of Cost and Price Analysis (MACI-0100) CON 243: Architect-Engineering Services Contracting (MACI-0015) CON 280: Source Selection and the Administration of Service (MACI-0104) View All Courses Page Content