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Ethics and Compliance for Auditing and Due Diligence
Discover the ethical responsibilities of auditorsPreview the first lesson free — get full access to all 6 lessons.
Intermediate Provider : Lori Hauck 6 Lessons · 17m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Every audit comes with risk modeling and risk assessment, as well as legal liability and professional standards to uphold. Auditors follow a professional code of conduct and requirements specific to the type of company, especially for publicly traded companies. Outside specialists and auditors can help, but they can’t replace an auditor’s decisions and due diligence. It’s important for all auditors to be ethical and transparent in the process. What’re some of the legal issues to be aware of? How can you prepare for future audits?
In this Ethics and Compliance for Auditing and Due Diligence course, we’ll discuss risk assessment and how it can be used to protect you legally and conduct audits to the best of your ability. We’ll also discuss why third-party auditing specialties can be useful, especially from a business strategy perspective. There are also many ethical requirements for auditors and certain threats to be aware of. By the end of this course, you will understand the mistakes and risks to avoid.
What You'll Learn
- Understand audit risk modeling and risk assessment, and how it protects you legally
- Identify legal issues and liability in auditing and due diligence
- Evaluate the use of third-party (outside) specialists and auditors
- Discover how internal auditors can assist in the audit process
- Examine the ethical requirements of auditors and the threats to be aware of
- Apply ethics and transparency standards to conduct audits effectively
Key Takeaways
- Every audit involves risk modeling, risk assessment, legal liability, and professional standards that must be upheld.
- Auditors follow a professional code of conduct and requirements specific to the type of company, especially for publicly traded companies.
- Outside specialists and auditors can help but cannot replace an auditor's own decisions and due diligence.
- Risk assessment can be used to protect you legally and to conduct audits to the best of your ability.
- Third-party auditing specialties can be useful, especially from a business strategy perspective.
Frequently Asked Questions
Who is this course for?
It is for auditors who need to uphold professional standards and a code of conduct, including those working with publicly traded companies, and anyone wanting to conduct audits ethically and transparently.
What topics does this course cover?
It covers the audit risk model and risk assessment, legal issues in auditing and due diligence, outside auditors and third-party specialists, how internal auditors can assist, and auditing ethics and transparency.
What skills will I gain from this course?
The course covers applied ethics, auditing, compliance auditing, due diligence, and government compliance auditing, aligned with the Certified Compliance and Ethics Professional area.
What will I be able to do by the end of the course?
By the end of the course you will understand the mistakes and risks to avoid, the ethical requirements for auditors, and the threats to be aware of.
How is the course structured?
The course is organized into lessons: Introduction; Audit Risk Model and Risk Assessment; Legal Issues in Auditing and Due Diligence; Outside Auditors; Auditing Ethics and Transparency; and a Test Your Knowledge assessment.
