Auditing Cash - Applying Basic Skills to the Starting Point of Any Audit demonstrates how the approach to auditing different cash accounts may vary and how to strengthen inquiry which is an important audit procedure in this area. Cash tends to be one of the first areas assigned to new auditors, as there is typically little complexity and subjectivity involved.
DESIGNED FOR
Professionals requiring fundamental guidance in how to design and perform a detailed audit plan for a less-complex audit area
BENEFITS
Upon completion of this course, you will be able to...
- Identify designing and performing standard audit procedures related to cash and cash equivalents
- Recognize typical presentation and disclosure issues related to cash
- Recall how to evaluate audit evidence associated with this typically starting audit area, including evidence obtained through inquiry
HIGHLIGHTS
The major topics covered in this course include:
- Typical audit risks and special considerations related to cash and cash equivalents
- Designing a detailed audit plan, linking assessed risk to planned procedures
- Performing typical audit procedures associated with auditing cash and cash equivalents
- Case study related to auditing cash and cash equivalents, including identifying and evaluating a misappropriation of cash
- Identifying how to obtain evidence through inquiry of the client
PREREQUISITES
None
ADVANCE PREPARATION
None