How to Audit Equity

1 Credits: Auditing


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How to Audit Equity

Course Level
CPE Credits

1 Credits: Auditing

Course Description

Equity accounts generally do not involve a significant amount of transactional activity, but the transactions that do occur can involve substantial amounts and may occasionally involve some of the more complex transactions in accounting. How to Audit Equity describes the characteristics of equity and the activities required to audit the equity portion of the balance sheet. In this course, author Steven Bragg examines these characteristics and activities from an auditing perspective as well as the different types of controls a firm can apply to its equity transactions.

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Learning Objectives

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

Chapter 1

  • Recognize the circumstances that can alter the amount of equity activity in a business.
  • Note the circumstances under which confirmations can be used in the audit of equity.
  • Understand the different types of controls that can be applied to equity.

Chapter 2

  • Describe the accounting for stock dividends and stock splits.
  • Recognize the different ways to account for treasury stock.
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Course Specifics

Course ID
Revision Date
February 3, 2023

There are no prerequisites.

Advanced Preparation


Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg Headshot

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 250 business books and courses. 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 …

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