Audit Fundamentals

Épisodes

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  Audit Documentation 12.08.2026 49min

  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 MeredithLinkedIn: https://www.linkedin.com/in/meredithmednick/Earn CPE for Listening to This Podcasthttps://www.earmark.app/This podcast is a production of Earmark Media
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  Audit Assertions 29.07.2026 37min

  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 MeredithLinkedIn: https://www.linkedin.com/in/meredithmednick/Earn CPE for Listening to This Podcasthttps://www.earmark.app/This podcast is a production of Earmark Media
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  Audit Sampling 26.06.2026 32min

  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 MeredithLinkedIn: https://www.linkedin.com/in/meredithmednick/Earn CPE for Listening to This Podcasthttps://www.earmark.app/This podcast is a production of Earmark Media