Surgent's Auditing Common Investments (Audit Skills Training - Level 3) (Self-Study)

Code: JSODA3M5

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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Many small- and mid-size entities hold less complex investments, including 'plain vanilla' derivatives (such as interest rate swaps). This module will provide an overview for evaluating the proper recognition, measurement and disclosure of common investments types.

Who should take this program?

Accountants responsible for accounting for or auditing less complex investments, including 'plain vanilla' derivatives

Major subjects

  • Overview of common investment types
  • Typical audit risks and related audit procedures
  • Investments in other entities
  • Understanding common 'plain vanilla' derivatives, like interest rate swaps
  • Fair value disclosure, including applying the fair value hierarchy

Learning objective(s)

  • Explain typical audit risks associated with auditing common investments
  • Discuss how to tailor the audit plan to assessed risks of material misstatement
  • Describe accounting for common derivatives
  • Explain fair value presentation and disclosure requirements


Course code Code JSODA3M5
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (On-Demand)
Prerequisites Prereq. Familiarity with SASs and FASBs