Auditing Prepaid and Other Current Assets (On-Demand) 2019

Description

Normally smaller accounts on an entity’s balance sheet, prepaid and other current assets represent smaller individual items but may be significant to the entity nonetheless.
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), these accounts often require complex estimates.

This CPE course will provide the knowledge necessary for a new staff member to successfully audit prepaid and other current assets.

Learning Objectives
  • Recall the audit objectives and related assertions applicable to prepaid and other current assets.
  • Identify the steps for risk assessment and identify the common risks found in the prepaid and other current assets area.
  • Identify internal controls commonly encountered in the area of prepaid and other current assets.
Major 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.
Provider
AICPA - Durham
Course Level
Basic
CPE Field of Study
Auditing
1
Who Should Attend
Recently onboarded staff
First-year staff
Firms that want consistent training and level setting
Prerequisites

None.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
Up to 0 Credits
Format
On-Demand

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$ (% off)
$79.00

NON-MEMBER


$ (% off)
$99.00
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Auditing Prepaid and Other Current Assets (On-Demand) 2019


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