New Staff: Practical Application- Auditing Prepaid and Other Current Assets
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$99.00 Regular Price
Product Code: AI23-ASE2-PCA
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.
Gain the knowledge necessary to successfully audit prepaid and other current assets.
Understand that prepaid and other current assets represent smaller individual items but may be significant to the entity nonetheless.
Learn how these accounts - commonly consisting of prepaid expenses that must be recognized on a pro rata basis and other assets such as investments, short-term notes, and industry-specific transactions (for instance, costs in excess of billings) -often require complex estimates.
Objectives:
Learning Outcomes
- Recall the audit objectives and related assertions applicable to prepaid and other current assets.
- Identify the common audit procedures or techniques for obtaining audit evidence in the prepaid and other current assets area.
Major Topics:
Key Topics
- Relevant professional standards related to auditing prepaid and other current assets
- Audit objectives and assertions for prepaid and other current assets
- Risk assessment for prepaid and other current assets
- Application of guidance and a prepaid and other current assets case study
Designed For:
Who Will Benefit
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting