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Surgent's A Practical Guide to Auditing Cash and Cash Equivalents

Available Until

Online/Webcast

2.00 Credits

Member Price $89.00

Non-Member Price $114.00

Overview

Cash and cash equivalents tend to be one of the first areas assigned to new auditors since it tends to be straightforward with less complexity and risk as other areas. In addition, there is little subjectivity involved and persuasive audit evidence from a third-party is generally available. Interestingly enough, this is an area that can have a significant risk of misappropriation of assets if the appropriate level of segregation of duties and other internal controls is not present. New auditors should approach cash with the same professional skepticism as other areas since there is always the risk of material misstatement. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 1.)

Highlights

  • Explain typical audit risks and special considerations related to cash and cash equivalents
  • Identify the risk of fraud related to cash and cash equivalents
  • Describe designing a detailed audit plan, linking assessed risk to planned procedures
  • Techniques used to perform the audit procedures associated with auditing cash and cash equivalents
  • Obtaining evidence related to cash and cash equivalents
  • Case study and test yourself questions related to auditing cash and cash equivalents

Prerequisites

None

Designed For

Professionals new to auditing cash and cash equivalents

Objectives

  • Identify risks related to cash and cash equivalents
  • Identify sources of audit evidence associated with cash and cash equivalents
  • Discuss standard audit procedures related to cash and cash equivalents
  • Explain how to evaluate audit evidence associated with cash
  • Describe typical presentation and disclosure issues related to cash

Preparation

None

Notice

This on-demand webcast can be taken at any time of your choosing and is valid for one year from the date of purchase. No live instructor is present, and an exam is required to earn credit. You must score 70% or higher to earn the certificate.

How do I access my Self-Study Package?

Visit https://www.surgentcpe.com/login and enter your username (your LCPA email address) and password. If you do not remember your password, press the "Forgot?" button to receive a password reset email. Once logged in, the page will refresh to display your account menu on the left side.

Non-Member Price $114.00

Member Price $89.00