Financial statement audits are increasingly complex for both professional accountants and the entities being audited. The professional and regulatory standards that independent auditors must follow are more stringent than ever. In addition, management is being forced to assume greater and greater responsibility for the reliability of financial statements, while more closely monitoring the services provided by the auditors. While auditors have a multitude of resources and tools to guide them through the audit process, very little support is available to management and other personnel on the audited entity side. This program is a practical guide for better understanding and monitoring financial statement audits written from the perspective of the audited entity. Keep in mind that while this course is technically accurate, certain topics are not explored to the depth they would be if this course were written with the primary audience being financial statement auditors.