There are no prerequisites.

Course Description

Fixed assets include any assets having a useful life of at least one year and which have purchase prices exceeding a capitalization limit set by the firm. Most businesses outside of the services sector have made substantial investments in fixed assets. How to Audit Fixed Assets describes the characteristics of fixed assets from an auditing perspective, the activities required to audit both tangible and intangible fixed assets, auditing of depreciation, and asset impairment losses.


Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

Course Specifics

Sep 8, 2017
There are no prerequisites.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Recognize the accounts in which fixed assets are typically recorded.
  • Note the changes in a fixed asset audit, based on the types of assets being audited.
  • Cite the situations in which inherent risk is more likely to be high.
  • Describe the fixed asset roll forward report.
  • Recognize the ways to detect assets that were dispositioned but not recorded.

Chapter 2

  • Note the circumstances that can trigger a possible asset impairment.
  • Describe the rules relating to goodwill amortization.

Chapter 3

  • Cite the auditing tasks to be completed when examining a client's depreciation.

Chapter 4

  • Recognize the types of fixed asset reports that can assist an auditor.

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy

Back to top