How to Audit Liabilities ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
Navigating the complexities of auditing liabilities, particularly in the realm of accounts payable and accrued liabilities, can be a daunting task for auditors. The challenge intensifies with the risk of overlooking unrecorded liabilities, which can significantly impact an entity’s financial health and compliance. How to Audit Liabilities offers a robust solution to these challenges. This auditing CPE course, led by Steven M. Bragg, provides a deep dive into the characteristics of liabilities from an auditing perspective. Participants of the audit CPE course will learn effective strategies to audit various types of liabilities, with a special focus on identifying unrecorded liabilities. The self-study auditing CPE course also covers the accounting rules related to loss contingencies and the fair value option, ensuring participants are equipped with the knowledge to mitigate inherent risks and enhance the accuracy of liability auditing.
Highlights
Auditing liabilities. Accounting for liabilities.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers.
Objectives
Recognize the key characteristics of liabilities. Note the circumstances in which inherent risk is considered to be more likely. Cite the different activities that can be used to examine accrued liabilities. Describe the different types of analytical procedures that can be applied to liabilities; Recognize the accounting rules related to loss contingencies and the fair value option.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00