This CPE course covers processes and procedures to successfully audit prepaid and other current assets. It also covers professional standards and risk assessment steps related to this area.
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.
Gain the knowledge necessary to successfully audit prepaid and other current assets.
Understand that prepaid and other current assets represent smaller individual items but may be significant to the entity nonetheless.
Learn how these accounts — commonly consisting of prepaid expenses that must be recognized on a pro rata basis and other assets such as investments, short-term notes, and industry−specific transactions (for instance, costs in excess of billings) —often require complex estimates.
Group ordering for your team
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