New Staff: Practical Application - Auditing Debt
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$99.00 Regular Price
Product Code: AI23-ASE2-DBN
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Auditing
Overview:
This CPE course can be purchased individually or as part of the Audit Staff Essentials - New Staff: Practical Application staff training bundle.
Learn about the relatively straightforward issues relating to recognition and measurement of long-term debt as well as the more challenging issues relating to presentation and disclosure.
Understand the more mechanical side of auditing debt, including confirming balances, recalculating accrued interest, and the recognition of interest expense.
Learn how to ensure that your working papers contain sufficient appropriate evidence to support related financial statement disclosures.
Objectives:
Learning Outcomes
- Recall the audit objectives and related assertions in the debt area.
- Identify the basic audit procedures over the debt process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.
Major Topics:
Key Topics
- Relevant professional standards
- Audit objectives and assertions
- Risk assessment and commonly identified risks
- Common audit procedures and application of professional standards
Designed For:
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting