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5 Best Audit Courses Online with Audit Training Classes [Updated 2020]

 

Auditing is a specialization in the field of accounting. It is crucial in understanding and evaluating the efficacy of an organization’s financial and operational processes and to conform to the international standards. Since organizations today want to continuously improve on their processes and minimize risks there has been a surge in the demand for internal auditors and it is certainly becoming a lucrative career option.

 

For students and professionals with a finance or related background who want to explore auditing, taking an online course is the best way forward. We understand that the internet can be a confusing place when it comes to deciding which will be the best audit courses online for you. If you have been contemplating enrolling for online audit classes, you have hit the jackpot since we have done a fair bit of research on your behalf. Thank us later!

 

We at TrumpLearning, in consultation with 12 expert auditors have shortlisted five best audit courses online that you can enroll for to learn or brush up on the basics of auditing or to help you in preparing for the Certified Public Accountant License.

 

5 Best OnlineAudit Courses & Classes:

  1. Auditing I: Conceptual Foundations of Auditing By University of Illinois [Coursera]
  2. Auditing II: The Practice of Auditing By University of Illinois [Coursera]
  3. Internal Auditing Part I [Udemy]
  4. Information Systems Auditing, Controls and Assurance By Hong Kong University [Coursera]
  5. Internal Auditor Courses [Auditor Training Online]

 

1. Auditing I: Conceptual Foundations of Auditing By University of Illinois [Coursera]

 

About this course

We begin our list of audit courses online with this Coursera audit course that will teach you the fundamentals of financial auditing to build a strong conceptual and applied auditing foundation. This Coursera audit course, offered by the University of Illinois at Urbana-Champaign (UIUC), not only covers the concepts and applications that are traditional to a financial auditor’s responsibilities, but also teaches about the different domains of an audit process such as risk assessment and audit reporting. The online audit classes in this course will require you to think critically with respect to the decision environments, decision processes, and deliverables.

 

This course is a part of the Master of Science in Accountancy (iMSA) degree at UIUC, hence, enrolling for this online audit training will add to the degree learning. This Coursera audit course has been divided into eight modules spread over eight weeks. These classes that are completely online will take approx. 27 hours to complete. This course has a rating of 4.7 amongst the audit courses online and has been enrolled by 13,504 students already.

 

The instructor of this Coursera audit course is Mark E. Peecher, Ph.D., CPA, the Associate Dean of Faculty and Deloitte Professor of Accountancy at UIUC’s College of Business. The best part about pursuing audit courses online is that you can set your own deadlines and undertake online audit training as per your convenience. Also, around 50% of the students who took such audit courses online got tangible career benefits. The videos are all in English. In addition to the video lectures, each module also contains readings, practice exercises, and quizzes to support your learning and to test your knowledge at every step.

 

You can access these video online audit classes for free. However, if you want a certificate and access to the graded assignments as well, you will have to opt for the paid version of this course, for which you can also of financial aid. You will receive a shareable certificate of completion on undertaking this online audit training that you can display on your LinkedIn profile or your printed resume.

 

What you will learn?

The various topics covered in the online audit classes include:

  • Auditing as a form of assurance – what is assurance and attestation
  • Debriefing and implications of auditing
  • Impact of auditing on financial reporting
  • What are material misstatements
  • What is risk assessment
  • The Audit Risk Model
  • The value of audits
  • Conducting financial statement auditing
  • The materiality guide of major public accounting firms
  • What are audit assertions – financial statement assertions
  • What are the professional and ethical responsibilities of an auditor
  • Independence and audit quality; SOX independence requirements
  • Questions to consider while assessing the quality of earnings
  • Audit quality indicators

 

Who is this course for?

Anyone who wishes to understand the basics of auditing can apply for this beginner’s online audit training.

 

Requirements for undertaking this course

No pre-requisites have been mentioned for undertaking this course.

 

Reviews by S

Prof. Mark was indeed great at his job. The course briefed out every concept so clear. It is a best course to go ahead with, if your really want to know about audit from scratch.

 

2. Auditing II: The Practice of Auditing By University of Illinois [Coursera]

 

About this course

The second one in our list of audit courses online is again a Coursera audit course, which is in fact, a continuation of the previous course. This particular online audit training focuses on the practice of auditing by teaching you a conceptual framework that is required and applied by the auditors to assess, evaluate, and manage audit risks and evidence.  This course is also offered by the University of Illinois at Urbana-Champaign (UIUC) and is a part of the Master of Science in Accountancy (iMSA) degree at UIUC.

 

This course has been divided into eight modules, covered in eight weeks that will take approx. 15 hours to complete.  The video lectures are all in English. The lectures in this Coursera audit course are 100% online which means you can access them anywhere anytime at your convenience. You will also have the freedom of flexible deadlines which you can alter to suit your schedule. This online audit training is also enriched with readings, practical exercises, and quizzes to help you grasp the concepts faster and also to keep a track of your progress after every module.

 

The online audit classes in this course are also taught by Mark E. Peecher, the instructor of our previous course. This Coursera audit course has a rating of 4.7 and has already been enrolled by 4842 students. This online audit training can also be accessed for free by simply signing up on Coursera. However, the free version does not include a sharable certificate and graded assignments. You can avail both in the paid version of the audit courses online and can also seek financial assistance for the same.

 

What you will learn?

They key conventional and applied concepts covered in this course are:

 

  • Auditing as a career path
  • What is strategic systems auditing
  • What are strategic analysis and strategic business risks
  • Business process analysis
  • Introduction to the concept of triangulation
  • The three fundamental sources of audit evidence – entity business states, management information intermediaries, and management business representations
  • Application of evidence triangulation to the WorldCom scandal
  • The different components of internal controls and how they impact the audit
  • The audit strategies around controls – substantive strategy vs. reliance strategy
  • Categories of internal control weaknesses
  • Interpreting evidence and significant business processes
  • What are attribute sampling and the sampling risks
  • Important determinants of sample size – the risk of incorrect acceptance, tolerable error, and expected error
  • Steps involved in planning and performing attribute sampling
  • Audit procedures for verifying management’s assertions related to their controls
  • What is a unit sampling
  • The difference between unit sampling and non-statistical sampling
  • Types of sample selections – probabilistic and non-probabilistic
  • What is fraud risk assessment – learn about wise thinking from recent studies

 

Who is this course for?

This beginner’s audit courses online on Coursera is a well-tailored course for aspiring auditors who wish to understand the core concepts of auditing as well as for practicing auditors who want to brush up on their basics.

Requirements for undertaking this course

No pre-requisites have been mentioned for undertaking these online audit classes.

 

Reviews by SB

Thank you Dr. Mark for this amazing, well tailored course of Audit practices. I really enjoyed it and got a lot of information in the audit procedures.

 

3. Internal Auditing Part I [Udemy]

 

About this course

We have included this online audit training in our list of audit courses online as this course will help you learn the process of conducting an audit from start to end. The online audit classes in this course will transform you from a novice to an expert in a matter of one week. Irrespective of the nature of the audit, this course will suffice as a guide for conducting audits. This course aims to teach you the purpose of internal auditing and the tools that can be employed to protect an organization against various risks. This is one of the beginner’s audit courses online that will familiarize you with the common and important terms used in internal audits, including risks and controls.

 

The course has been divided into six sections that consist of 23 on-demand video lectures. The duration of these videos is approx. 50 minutes. Besides the video lectures, the course also contains nine downloadable resources to aid in your study. These online audit classes can be accessed both on mobile and TV.

 

The instructor of this online audit training is Rethabiseng Erica Mosinyi, an Internal Auditor for over 14 years. This course has a rating of 4.2 amongst the audit courses online on Udemy and has 908 enrollees. You can purchase this course with a one-time fee that is also protected with Udemy’s 30-days money-back guarantee. This implies that you will be refunded the entire amount with no questions asked if you are not satisfied with the content of this course. By purchasing this course you will also be granted full lifetime access to the course content and will also be awarded a certificate of completion at the end.

 

What you will learn?

Undertaking the online audit classes prescribed in this course will equip you with the knowledge of the following:

  • The history of internal auditing
  • What is internal auditing and how it is standardized
  • Organization structure of audit function and reporting lines
  • Internal audit vs. external audit
  • What is risk, risk-based auditing, and internal controls
  • Steps in conducting an audit – the annual audit plan
  • Internal audit report – report structure, findings, and purpose
  • Issuing the audit report

 

Who is this course for?

  • The online audit classes here are apt for anyone who wants to learn how to conduct an internal audit right from scratch.
  • Beginners in the field of internal auditing as well as experienced auditors who want to add on to their learning can benefit from such audit courses online and can also use it as a reference guide.
  • Business owners who wish to learn about internal auditing, and controls to protect their firms and assets can also enroll for this course.
  • Students of ACCA and CIA, pursuing certification in accounting or auditing, can also use this course as support.

 

Requirements for undertaking this course

The instructor of this course wants you to have the printouts of the course notes with you when you begin with the classes. These notes have been provided as PDF documents under the resource section.

 

Reviews by Deemah Almohaisen

Great course for beginners. Looking forward to attend Part 2

 

4. Information Systems Auditing, Controls and Assurance By Hong Kong University [Coursera]

 

About this course

Before we begin explaining what this Coursera audit course entails, for those of you who are new to auditing, it is also important to understand that information system (IS) and information technology (IT) are not the same. Information systems auditing is also different from financial auditing, though the former is also used in the IT industry. Information systems imply how the information flows within the organization. In fact, information systems are one of the most important assets for any organization.

 

Information systems auditors assess organizations on how they maintain systems’ integrity that include data privacy, information security, and compliance with the government regulations. By attending the online audit classes of this course, you will learn about the duties of IS auditors, the qualities one must possess to become an IS auditor, and future prospects. This online audit training will teach you how to minimize the risks of IS using appropriate IS controls. You will also learn about the IS management practices that include change management controls and emergency changes to make system changes manageable.

 

This Coursera audit course is a beginner’s course offered by the Hong Kong University of Science and Technology. This course consists of 30 video lectures that have been spread over four weeks. This course will require a commitment of a total of nine hours to complete the online audit training. Besides the video lectures, you will also have to undertake the readings and quizzes included in each section. These classes are 100% online and are delivered in English. That means you can access the classes anywhere anytime and can even set your own deadlines to complete this Coursera audit course.

 

The instructor of this course is Dr. Percy Garvin DIAS, Associate Professor of Business Education and Information Systems at the Hong Kong University of Science Technology. This course has been rated a 4.7 and currently has 8186 students enrolled for the online audit classes. You can avail of this course for free if you do not require a certificate and simply wish to access the content. To obtain a certificate and have access to the graded assignments you will have to purchase the course with a one-time fee. You can also avail of financial aid if need be.

 

What you will learn?

The core concepts covered in this Coursera audit course are:

 

  • What are the risks in information systems
  • The three steps in the risk management process
  • What are internal controls
  • Difference between IS auditing and financial auditing
  • General IS audit procedures
  • Two important testing in IS audits – compliance testing and substantive testing
  • Procedure to obtain evidence to justify audit reports
  • What is a Systems Development Life Cycle (SDLC)
  • Controls to mitigate the risks of developing application systems throughout the SDLC
  • The role that IS auditors play in different phases of the SDLC
  • Change management controls to follow while adding new features or refining existing ones in the information system
  • Different kinds of maintenance practices and emergency controls
  • Insights on the future development of IS audit
  • How IS audit support the FinTech industry

 

Who is this course for?

  • Such audit courses online are suitable for students and graduates in Information Systems, Information Technology, and Computer Science.
  • IT professionals who have an inclination towards the IS auditing field can also pursue this course.
  • This Coursera audit course can also aid aspirants who would like to pursue IS audit certifications such as Certified Information Systems Auditor (CISA).

 

Requirements for undertaking this course

No pre-requisites have been mentioned for undertaking these online audit classes.

 

Reviews by RR

Great learning experience.Prof. Dias has provided insights to the practical world by using various examples. Looking forward for lectures on Business Continuity Planning and DRP. Thank you

 

5. Internal Auditor Courses [Auditor Training Online]

 

About this course

If you wish to pursue a career in internal auditing and want to conduct successful internal audits within your organization using the best practices, our last listing is not just a course but a set of six internal audit courses online offered by the Auditor Training Online. The courses offered by this online learning platform will provide you a thorough understanding of how to conduct internal audits by reviewing the internal systems against an organization’s own procedures or ISO standards.

 

Each of the audit courses online here is combined with a discipline such as quality, environment, occupational health and safety, and food safety. Undertaking the online audit classes of these courses will equip you with the knowledge of different types of management systems that can be applied across all industries globally.

 

Enrolling for any of these six audit courses online will also make you eligible for the Extended Learning Program developed in association with Exemplar Global, an internationally recognized personnel certification body. The ELP will give you access to a host of additional benefits including one-year graduate certification.

 

The internal audit courses are completely online that can be accessed 24/7. The curriculum is divided into several modules which also contain practical quizzes and module assessments. These courses can be purchased individually with a one-time fee for each course. You will also be provided with a digital certificate on completion of each course.

 

What you will learn in each course?

Course 1: Internal Auditor Integrated Management Systems

Undertaking this online audit training will enable you to understand and audit your organization’s Integrated Management System. You will also be able to support the continual improvement of the performance of your IMS.

 

Course 2: Internal Auditor Quality Management Systems

This course will teach you about the Quality Management System (QMS). It will help you understand the QMS in your own organization and assess it against ISO 9001:2015 requirements.

 

Course 3: Internal Auditor Environmental Management Systems

Under this course, you will learn about the Environmental Management System (EMS). You will be able to assess your organization’s EMS against ISO 14001:2015 requirements.  The course will also teach you how to write, review, and provide feedback on EMS audit reports.

 

Course 4: Internal Auditor Management Systems

This course will empower you to become an internationally recognized Internal Auditor who will have a complete understanding of conducting successful internal audits.

 

Course 5: Internal Auditor OH&S Management Systems

This course will teach you about an organization’s Occupational Health and Safety Management System (OHSMS). It will equip you to assess an OHSMS against ISO 45001:2018 requirements.

 

Course 6: Internal Auditor HACCP Practitioner

The last course teaches you about the Hazard Analysis and Critical Control Point (HACCP) System, managing food safety, and supporting continual improvement growth as an internal auditor.

 

Who is this course for?

Auditors and business owners who wish to understand the business as a whole and strive to improve their systems from within.

 

Requirements for undertaking this course

There are no pre-requisites for undertaking these audit courses online.

 

Conclusion

That brings us to the end of our list of audit courses online.  There are different types of audits that an organization may require depending on its needs. Hence, auditing as a career path has a lot of options to explore. Since the online audit classes listed here have been selected by the industry experts, we assure you that they will help you build a rock-solid foundation before you decide your career path in the field of auditing.

 

` Best Audit Courses Online with Audit Training Classes Reviewed by 12 Expert Auditors 4.7
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