This CPE course discusses auditing accounts payable and accrued expenses, searching for unrecorded liabilities, identifying common risks in this area, and more.
NASBA Field of Study
Tom Noce, Lynford Graham
This CPE course can be purchased individually or as part of the Audit Staff Essentials - New Staff: Practical Application staff training bundle.
Understand the accounting system necessary to plan your procedures related to purchases, payables, and accrued expenses, and learn about the possibilities of using audit data analytics for improved quality and efficiency.
Understand that with the accounting for accounts payable and accrued expenses — usually fairly straightforward and typically centered on when to recognize a liability — your primary concern is with the completeness assertion, and your main substantive test is a search for unrecorded liabilities.
Through an interactive case study, practice the critical substantive test and be able to assess whether your search for unrecorded liabilities is thorough enough to gain assurance that material unrecorded liabilities have been detected.
Group ordering for your team
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