Audit 304: Auditing Basic Investments - Common Risks
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
Auditing Investments - Understanding Risks and Procedures for the Most Common Investments will provide an overview for evaluating the proper recognition, measurement and disclosure of the most common investments types. Many small- and mid-size entities hold less-complex investments, including mutual funds, ‘plain vanilla’ derivatives (such as interest rate swaps), and permanent life insurance policies. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for auditing common investments. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
Upon completion of this course, you will be able to...
- Recall typical audit risks associated with auditing the most common investments
- Identify how to tailor the audit plan to assessed risks of material misstatement
- Recognize the fundamental principles of accounting for common derivatives
- Recall fair value presentation and disclosure requirements
Highlights
The major topics covered in this course include:
- Overview of the most common investment types
- Typical audit risks and related audit procedures for common investments
- The basics of accounting for equity investments in other entities
- Understanding common 'plain vanilla' derivatives, like interest rate swaps
- Fair value disclosure, including applying the fair value hierarchy
Designed For
Accountants responsible for accounting for or auditing less-complex investments, including ‘plain vanilla’ derivatives
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Jennifer Louis, Surgent McCoy CPE, LLC
Jennifer F. Louis, CPA has over 19 years of experience in designing and presenting high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organizational success. In 2003, she founded Emergent Solutions Group, LLC, a company dedicated to developing and delivering accounting and auditing training services. She was most recently executive vice president/director of training services at AuditWatch, Inc., a highly respected training and consulting firm serving the audit profession. During her six years at AuditWatch, Ms. Louis served in many other capacities, including vice president of product development, and a consultant for the firm’s Audit Productivity Improvement Program TM. She also coauthored a manual on value-added auditing. Before joining AuditWatch, Ms. Louis was the financial/operational audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.
Non-Member Price $124.00
Member Price $89.00