Surgent's Auditing Common Investments (Audit Skills Training - Level 3) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
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
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
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
NASBA ID#: 103212
Familiarity with SASs and FASBs