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Secure Transaction Auditing Liabilities, Including Long-Term Debt
Format
Webcast
Course Level
Basic
CPE Credits
2 Credits: Auditing
Course Description
The completeness and proper classification of liabilities are the typical higher audit risks. The complexity of the debt financing arrangements may create a significant risk requiring special audit consideration. This module will discuss tips and techniques for auditing accounts payable, accrued expenses, and common long-term financing arrangements and related debt covenants.
Learning Objectives
Upon completion of this course, participants will be able to:
- Identify typical audit risks and special audit considerations related to various liabilities
- Tailor the audit plan in response to assessed risk of material misstatement, focusing on the assertions with typically higher risk
- Evaluate results from a search for unrecorded liabilities and procedures to assess the propriety of accrued estimates
- Evaluate the completeness, classification, and disclosure of financing arrangements – including debt covenant compliance
Course Specifics
WC1924382491
April 30, 2024
None
None
Compliance Information
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
Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of …
Webcast
