- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Audits of Nonpublic Companies - Course 1 - Cash Balances, Property, Other Assets, and Liabilities and Equity (ASBTG181)
This interactive self-study course discusses auditing specific components of the balance sheet. Lesson 1 discusses the audit of cash balances. Lesson 2 covers the property component of the balance sheet. Lesson 3 covers the audit procedures for various common categories of other assets. Lesson 4 discusses the audit of liability and equity accounts.
Course Expiration Date: March 31, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Identify audit evidence procedures and workpaper considerations specific to the cash component of the balance sheet.
Recognize problems common to auditing cash balances, including overauditing, underauditing, and fraud risk.
Identify audit evidence procedures and workpaper considerations that are appropriate for auditing property and describe problems with auditing property, including overauditing, underauditing, and fraud risk.
Determine how to implement procedures to obtain audit evidence related to other assets.
Identify workpaper considerations for auditing other assets, as well as commonly occurring problems, such as overauditing, underauditing, and fraud risk.
Identify procedures that can be used to obtain audit evidence relevant to liability and equity accounts.
Recognize how to audit liability and equity accounts by addressing workpaper considerations and commonly occurring problems, such as overauditing, underauditing, and fraud risk.
Lesson 1—Cash Balances
Lesson 3—Other Assets
Lesson 4—Liabilities and Equity