Audit Fundamentals

Audit Fundamentals

By Meredith MednickBusinessEducation
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Audit Fundamentals episodes

  • Audit Evidence

    Not all evidence is created equal, and knowing the difference is what separates a workpaper that holds up from one that gets sent back. Meredith Mednick, CPA, walks through the full evidence framework: sufficiency and appropriateness, the reliability hierarchy, audit procedures, and how to connect the evidence you gather to the assertions you're actually testing. Grounded in a running client scenario, this episode sharpens the judgment that good auditors rely on every day.


    Connect with Meredith

    LinkedIn: https://www.linkedin.com/in/meredithmednick/

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media

    53 min
  • Audit Documentation

    Good documentation is what stands between a clean sign-off and a review that never ends. Meredith Mednick, CPA, makes the case for why workpapers matter, walks through what the standards actually require, and gets specific about what good documentation looks like in practice versus what auditors too often turn in. Practical, direct, and built around the principle that if it isn't written down, it didn't happen.


    Connect with Meredith

    LinkedIn: https://www.linkedin.com/in/meredithmednick/

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media

    50 min
  • Audit Assertions

    Audit assertions are the foundation of everything you do on an engagement, but ask ten auditors to explain them clearly and you'll get ten different answers. Meredith Mednick, CPA cuts through the noise with a plain-language walkthrough of the full framework: transaction-level and balance-level assertions, each anchored to a concrete example and connected directly to audit risk and procedure design. Whether you're building the foundation or filling in the gaps, this episode makes the framework click.


    Connect with Meredith

    LinkedIn: https://www.linkedin.com/in/meredithmednick/

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media

    38 min
  • Audit Sampling

    Audit sampling doesn't have to be intimidating. Meredith Mednick, CPA, CA breaks it down into plain language - when it applies, statistical versus non-statistical methods, sample sizing and selection, and evaluating your results. Grounded in a running client scenario, this episode is built for auditors who want to understand the standard, not just survive it.

    • (00:00) - Busy Season Panic
  • (02:28) - What Sampling Is
  • (04:37) - When Sampling Applies
  • (05:58) - Meet Maple Ridge
  • (06:50) - Statistical vs Judgmental
  • (10:08) - How to Select Items
  • (13:16) - How Big a Sample
  • (16:50) - Midpoint Recap
  • (18:10) - Execute the Sample
  • (20:53) - Evaluate Misstatements
  • (23:54) - Sampling Risk Explained
  • (25:55) - Document It Right
  • (27:58) - Impact on Audit Opinion
  • (29:22) - Key Takeaways
  • (31:24) - Where to Learn More
  • (32:20) - Wrap Up and CPE

    • Connect with Meredith

    LinkedIn: https://www.linkedin.com/in/meredithmednick/

    Earn CPE for Listening to This Podcast
    https://www.earmark.app/

    This podcast is a production of Earmark Media

    33 min

About Audit Fundamentals

From the publisher's feed

Audit Fundamentals explores the principles, standards, and real-world practices behind accounting and auditing. Each episode breaks down essential audit topics — including risk assessment, internal…