Surgent's Auditing Cash and Cash Equivalents (Audit Skills Training - Level 1) (Self-Study)

Code: JSODA1M8

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 3.0
of study
Auditing - Technical (3.0)
Standard member fee $54.00
checkmarkStandard nonmember fee $54.00

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Cash tends to be one of the first areas assigned to new auditors, as there is typically little complexity and subjectivity involved. In addition, persuasive audit evidence from a third-party is generally available. However, research shows that around 80% of asset misappropriation relates to cash. Therefore, the audit of accounts and classes of disclosures related to cash and cash equivalents does tend to carry risk of material misstatement.

Who should take this program?

Professionals new to auditing cash and cash equivalents

Major subjects

  • Explain typical audit risks and special considerations related to cash and cash equivalents
  • Describe designing a detailed audit plan, linking assessed risk to planned procedures
  • Perform typical audit procedures associated with auditing cash and cash equivalents
  • Discuss how to obtain evidence through inquiry of the client

Learning objective(s)

  • Standard audit procedures related to cash and cash equivalents
  • Case study related to auditing cash and cash equivalents, including identifying and evaluating a misappropriation of cash
  • Typical presentation and disclosure issues related to cash
  • Exercise related to do's and don'ts in client interview situations
  • Key controls related to cash receipts and cash disbursements


Course code Code JSODA1M8
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Self-Study (On-Demand)
Prerequisites Prereq. None