New Staff: Practical Application - Auditing Accounts Payable and Accrued Expenses

This CPE course discusses auditing accounts payable and accrued expenses, searching for unrecorded liabilities, identifying common risks in this area, and more.

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

• Recall the audit objectives and related assertions in the accounts payable and accrued expenses area.
• Identify the basic audit procedures over the accounts payable and accrued expenses process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.
• Recognize the potential of audit data analytics in accounts payable audit procedures.

• Relevant professional standards related to auditing accounts payable and accrued expenses
• Audit objectives and assertions for accounts payable and accrued expenses
• Risk assessment for accounts payable and accrued expenses
• Application of guidance and an accounts payable and accrued expenses case study
• Use of audit data analytics