Description
This CPE course discusses common audit procedures surrounding cash and cash equivalents, as well as steps for risk assessment to identify common risks found in this area.
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 cash and cash equivalents area.
- Identify the basic audit procedures over the cash process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.
Highlights
- Relevant professional standards related to auditing cash
- Cash and cash equivalents
- Audit objectives and assertions for cash
- Risk assessment for cash
- Application of guidance and cash case study