In this first video of our Auditing 101 series, we focus on the foundational steps of every audit engagement. Key topics include:

• Client Acceptance: The critical importance of vetting new clients and maintaining quality control.

• Engagement Letters: Defining the roles and responsibilities of both the auditor and management.

• Audit Documentation: Establishing the essential framework for a 2026 AUD-compliant file.

• Internal Controls: A high-level look at understanding design vs. implementation.

Watch the Full Series:Part 1: Starting the Audit | Part 2: Risk & Materiality | Part 3: Procedures & Sampling | Part 4: Conclusion & Reports

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Deepen your understanding with my free 4-part AUD series! > I break down the exact flow of an audit step-by-step on the blog. Read the full series here:

🔗 Part 1 (Planning): https://maxwellcpareview.com/cpa-articles/how-an-audit-works-client-acceptance-planning-part-1 🔗 Part 2 (Risk & Assertions): https://maxwellcpareview.com/cpa-articles/audit-risk-materiality-assertions-part-2 🔗 Part 3 (Testing): https://maxwellcpareview.com/cpa-articles/audit-substantive-testing-cash-receivables-sampling-part-3 🔗 Part 4 (Reports): https://maxwellcpareview.com/cpa-articles/audit-opinions-report-subsequent-events-part-4