Surgent's Auditing Complex Investment Types (Audit Skills Training - Level 5) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
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Entities may have more complex investments, such as non-readily marketable securities that trade in an inactive market or use unobservable inputs for fair value determination. This module discusses the key considerations when auditing common complex investment types.
Who should take this program?
Accountants who account for or audit more complex or non-readily marketable securities
The fair value measurement process, including non-readily marketable securities
Auditing fair value measurement and disclosure, including alternative investments and complex derivatives
Using a specialist for fair value determination, including Service Organization Control Report considerations
Example accounting for complex derivatives, such as put options and embedded derivatives
Fair value hierarchy considerations for disclosures related to non-readily marketable investments
Discuss types of non-readily marketable securities
Describe fair value modeling techniques for Level 3 assets
Explain the requirements when using the work of a specialist or Service Organization Control Reports in auditing investments
Describe fair value presentation and disclosure for complex investments
NASBA ID#: 103212
Experience on complex audit engagements