- Identify scenarios in which due diligence projects may be necessary.
- Describe the main goal of any audit or due diligence project.
- Explore how the audit space will be impacted by technology.
- Identify the best time to conduct an audit project.
- Recognize the idea of independence and apply it in a scenario.
- Recall the differences between tax audits and regular audits.
- Identify how not-for-profit audits and government audits differ from regular audits.
- Explore how to conduct a due diligence or audit project.
- Recognize the difference between audit and due diligence projects.
Skill Level Beginner
- 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 seat.
If you're ready to be a financial skeptic, the gatekeeper for multi-million-dollar deals, and someone who's paid to sniff out what stinks, then you're ready for this course. Let's do this.