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BASIC STAFF TRAINING COURSES CENTRAL TRAINING CENTER PROGRAM BASIC STAFF TRAINING DESCRIPTION OF COURSES The courses to be presented in the Basic Staff Training phase of our Central Training Center program are described below. Most of the courses will be conducted in New York. Each course will be at least one week long and, in some cases, two weeks in length. The coding of the courses is: First digit—type of training 1—Basic Staff Training, 2—Specialized Staff Training Second digit—functional area 1—Audit, 2—Tax, 3—Management Services Third and fourth digits—level of training The digit generally corresponds to the staff man's year in a particular functional area and not necessarily the year with the firm. Most tax men and some management services men will transfer into Tax or M.S. after two years on the audit staff. For example, the Basic Staff Training course for those in their second year on the audit staff is 1102. The course for men in their first year on the tax staff is 1201. AUDIT COURSES 1102—Evaluation of Internal Control—This program is an analysis of the review and evaluation of a system of internal control with major emphasis on: (1) elements of a system, (2) review of the system to determine the logic of the system and nature of information generated, (3) testing the accuracy of the system and management's use of the information available, (4) evaluating the adequacy of the system and the information developed for management's use, and (5) letters of recommendation. The review and evaluation of controls in an EDP system will be analyzed in connection with a discussion of computer concepts and characteristics. T 103—Auditing Objectives, Standards, and Procedures— This program analyzes auditing objectives, standards and procedures. The discussion of standards of field work will emphasize the planning and timing of audit work and the concepts of existence and valuation of assets and equities. The discussion of the standards of reporting will include types of reports, adherence to generally accepted accounting principles and consistency of application, adequacy of informative disclosure, types of opinions, and SEC accounting requirements. This program will also have a day devoted to basic tax topics. 1104—Management Services and the Auditor — Management services and their relationship to the audi- SEPTEMBER, 1 9 64 41