Description
This CPE course discusses issues related to recognition and measurement of long-term debt, including confirming balances, recalculating accrued interest, and the recognition of interest expense.
Designed For
- Recently onboarded staff
- First-year staff
- Firms that want consistent training and level setting
Objectives
- Recall the audit objectives and related assertions in the debt area.
- Identify the basic audit procedures over the debt process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.
Highlights
- Relevant professional standards
- Audit objectives and assertions
- Risk assessment and commonly identified risks
- Common audit procedures and application of professional standards