Auditing Cash and Cash Equivalents

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1.0 Credits

Starting with cash, this CPE course will progress through the major balance sheet accounts to help you gain an understanding of the risks that are typically present. The course also covers the client controls you will likely encounter to mitigate those risks in order to establish your risk of material misstatement (RMM).


Recall the audit objectives and related assertions in the cash and cash equivalents area. Identify the steps for risk assessment and identify the common risks found in the cash and cash equivalents area. Identify basic processes, controls, and audit procedures over the cash process and identify weaknesses and possible solutions. Recall the common audit procedures surrounding cash and cash equivalents and demonstrate mastery through a commonly encountered audit situation.

Major Topics

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

Designed For

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