Experienced In-Charge/Senior - Overview of Financial Reporting
Available Anytime
Location:
Online
1Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$99.00 Regular Price
Product Code: AI23-ASE4-FRP
Level: Intermediate
Vendor: AICPA CPE Division
Field of Study: Auditing
Overview:
This CPE course can be purchased individually, or as a part of the Audit Staff Essentials - Experienced In-Charge/Senior training bundle.
Gather components
Review the necessary components of financial statements prepared under generally accepted accounting principles (GAAP), including disclosures, preparation systems, adequate segregation of duties, and a review process.
Understand the risk assessment process as it applies to financial statement presentation and disclosure.
Types of controls
Explore the types of controls that you might encounter when the client self-prepares the financial statement or when the financial statements are prepared by the auditor.
Understand the effect of special purpose frameworks when encountered.
Objectives:
Learning Outcomes
- Identify the audit objectives and related assertions surrounding an entity's financial reporting process.
- Identify basic processes, controls, and audit procedures over an entity's financial reporting process, and identify weaknesses and possible solutions.
- Identify the required components of financial statements prepared under GAAP.
Major Topics:
Key Topics
- Risk assessment
- Components of financial statements
- FRF for SMEsT
Designed For:
Who Will Benefit
- Experienced in-charge auditors
- Audit seniors
- Firms that want consistent training and level setting