Audit of Selected Account or Transaction Area

Learning from the Mistakes of Others: Common Auditor Oversights, Errors, and Misjudgments

Course Overview
This course provides an overview of common auditor oversights, errors, and misjudgments. This includes a discussion of the hierarchy of audit mistakes, consequences of audit deficiencies, as well as common mistakes that occur during each of the respective phases of an audit. Finally, this course also provides ways in which an auditor can avoid audit deficiencies.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Recognize what is meant by the expectations gap
  • Identify the hierarchy of audit mistakes and consequences of audit deficiencies
  • Recognize common mistakes during key phases of an audit
  • Identify ways to avoid audit deficiencies

Prerequisites/Advanced Preparation:


Speaker / Author:

Michael Chris Knapp
Mich'l Chris Knapp: McLaughlin Chair in Business Ethics and Professor of Accounting, University of Oklahoma. Professor Knapp teaches principally auditing and financial accounting courses in the Price College of Business at the University of Oklahoma. He has won numerous teaching awards including the Merrick Foundation Teaching Award, the Bruce Magoon Master Teacher Award, and the Delta Sigma Pi Professor of the Year. In 1999, he was named the Outstanding Oklahoma Accounting Educator by the Oklahoma Society of CPAs. Knapp's research interests involve a wide range of policy issues related to the professional practice of public accounting and behavioral issues stemming from the auditor-client relationship. His research has appeared in The Accounting Review, Auditing: A Journal of Practice and Theory, Accounting Organizations & Society, Journal of Accounting, Auditing and Finance, Behavioral Research in Accounting, and the Journal of Accountancy. He has also published commentaries for and/or been quoted in the Los Angeles Times, The New York Times, the Dallas Times Herald, and numerous other metropolitan newspapers. The eighth edition of his auditing casebook, Contemporary Auditing, Issues and Cases, was recently released by South-Western/Cengage. That textbook has been adopted by hundreds of universities in the United States and abroad.


Price (USD)

Standard: $49.90


Course Code : 99KNA15

Release Date : 05/01/2019
Expire Date : 05/31/2023
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Basic
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Auditing

Theme : Audit of Selected Account or Transaction Area

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