5/15/2024
1:00 AM - 3:00 AM Central

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Member:	$89.00
Non-Member:	$109.00

2 Credits

Webinars

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

Instructor:
Jennifer F. Louis, CPA

Fields of Study:
Auditing

Major Topics:

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

Webinar

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5/15/2024

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