PODCAST · education
Audit Fundamentals
by Meredith Mednick
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 controls, audit evidence, financial reporting, and professional standards — through practical conversations and clear explanations that make complex concepts easier to understand.
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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 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 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 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
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
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
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ABOUT THIS SHOW
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 controls, audit evidence, financial reporting, and professional standards — through practical conversations and clear explanations that make complex concepts easier to understand.
HOSTED BY
Meredith Mednick
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Frequently Asked Questions
How many episodes does Audit Fundamentals have?
Audit Fundamentals currently has 5 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Audit Fundamentals about?
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 controls, audit evidence, financial reporting, and professional standards — through practical...
How often does Audit Fundamentals release new episodes?
Audit Fundamentals has 5 episodes. Check the episode list to see recent publication dates and frequency.
Where can I listen to Audit Fundamentals?
You can listen to Audit Fundamentals on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts Audit Fundamentals?
Audit Fundamentals is created and hosted by Meredith Mednick.
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