Audit and Due Diligence Foundations

Small Business Tax Credits Claim Return Deduction Refund Concept

Course details

Audits are a critical part of finance, but they’re not solely within the purview of CPAs. Audits and due diligence projects are supported by consultants, analysts, and finance professionals—and even by people who have little or no formal financial training. In this course, financial expert Jason Schenker helps to acquaint you with the fundamentals of audits and due diligence (DD) projects. Jason doesn’t focus on the mathematical calculations that play a role in audits; instead, he provides a general overview of the processes involved. He explores the different kinds of audits—from internal and independent audits to the tax audits that are initiated by the government—and reviews key audit and DD processes. Plus, he shares best practices for auditing a company’s financial data, business processes, and assets ethically and effectively.

Instructor

Jason Schenker is an economist, finance expert, futurist, speaker, and author.

Jason is the chairman of The Futurist Institute and the president of Prestige Economics. Since 2004, he has been a keynote speaker on the professional lecture circuit, as well as a frequent guest on CNBC, CNN, and Bloomberg Television. He has written over two dozen books about leadership, finance, economics, and disruptive emerging technologies. Eleven of these books have become best sellers.

Jason advises executives, institutional investors, governments, and other key groups on future technology trends, the economy, financial markets, and risk management. Bloomberg News has ranked Jason the #1 forecaster in the world in 25 different categories since 2011 for his forecasting accuracy.

Audit, due diligence, and checking the facts

– Maybe you’ve heard the phrase, trust but verify. When it comes to audit and due diligence, there is no trust, there is only verify. That’s what we’re going to talk about in this course, two similar and important parts of accounting and finance: audit and due diligence. There are differences between the two but they both mean the same thing: checking facts. My name is Jason Schenker, and I’m the president of Prestige Economics, a top-ranked financial market research and consulting firm. I have over 15 years of finance experience. I perform due diligence projects and business valuations, and I’ve worked under the direction of a certified public accountant, something that most people will do in an audit unless you’re a CPA yourself. But this course isn’t about the math of accounting or doing complicated calculations. It’s about rolling up your sleeves and digging into a company’s financial data, its business processes, its assets, and sometimes it’s about putting people on the hot…

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