Webinar: Audit 205: Auditing Liabilities and Long-Term Debt Risks

WC650  |  Course  |  Basic  |  Scheduled

Description

Auditing Liabilities, Including Long-Term Debt - Addressing the Risks of Completeness, Classification, and Disclosure will discuss tips and techniques

Credits

Number of Credits Type of Credits
2.00 Auditing

Designed For

Accountants responsible for auditing accounts payable, accrued expenses and debt

Prerequisites

None

Highlights

The major topics covered in this course include:

  • Typical audit procedures related to accounts payable and accrued expenses, including the search for unrecorded liabilities
  • Key controls related to liabilities
  • Auditing long-term debt, including compliance with covenants
  • Determining the proper classification of financing arrangements
  • Proper form of noncompliance waiver letters
  • Impact of noncompliance on disclosures

Objectives

Upon completion of this course, you will be able to...

  • Identify typical audit risks and special audit considerations related to various liabilities
  • Tailor the audit plan in response to assessed risk of material misstatement, focusing on the assertions with typically higher risk
  • Evaluate results from a search for unrecorded liabilities and procedures to assess the propriety of accrued estimates
  • Evaluate the completeness, classification, and disclosure of financing arrangements - including debt covenant compliance

Preparation

None

Notes

Webinar Day - HELP and Assistance Instructions

  1. The session will open 30 minutes prior to the start time. At that time, you will receive a reminder email bringing you to your Attendee Dashboard and a link to join the webinar.
  2. We recommend you log in early to ensure you are ready to go when the presentation begins.
  3. IF YOU ARE HAVING TROUBLE LOGGING INTO THE WEBINAR, please call the CPA Crossings Customer Service Team at (877)-370-2220 Ext. #1.

Prices

Member (Early Bird)
$89.00
Non-Member (Early Bird)
$89.00
Member
$89.00
Non-Member
$89.00
Your Price: $89.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.