Surgent's Auditing PP&E, Including Leases (Audit Skills Training - Level 2) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
Property, plant and equipment can range from low-risk to a high-risk audit area, depending on the nature of transaction and events engaged in by the reporting entity. Construction, capitalized interest and complex leasing arrangements tend to result in higher risk of material misstatement. This module will address tips and techniques for auditing PP&E for various assessed risk levels.
Who should take this program?
Accountants responsible for auditing property, plant and equipment, including leases
Typical audit risks and responses
Costing and capitalization, including capitalized interest
Key controls related to PP&E
Lease accounting requirements and practical application
Recent changes to U.S. GAAP related to lease accounting
Discuss typical audit risks and special audit considerations
Tailor an detailed audit plan to respond to assessed risk of material misstatement
Explain key controls related to PP&E
Describe and apply lease accounting requirements, including the impact of recent lease accounting standard changes on both lessees and lessors
NASBA ID#: 103212