Webinar

Audit 304: Auditing Basic Investments - Common Risks

If you have questions about this event, please call us at 952-831-2707.

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Auditing Investments - Understanding Risks and Procedures for the Most Common Investments will provide an overview for evaluating the proper recognition, measurement and disclosure of the most common investments types. Many small- and mid-size entities hold less-complex investments, including mutual funds, 'plain vanilla' derivatives (such as interest rate swaps), and permanent life insurance policies. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for auditing common investments. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Major subjects

• Overview of the most common investment types
• Typical audit risks and related audit procedures for common investments
• The basics of accounting for equity investments in other entities
• Understanding common 'plain vanilla' derivatives, like interest rate swaps
• Fair value disclosure, including applying the fair value hierarchy

Learning objectives

• Recall typical audit risks associated with auditing the most common investments
• Identify how to tailor the audit plan to assessed risks of material misstatement
• Recognize the fundamental principles of accounting for common derivatives
• Recall fair value presentation and disclosure requirements

Who should take this program?

• Accountants responsible for accounting for or auditing less-complex investments, including 'plain vanilla' derivatives

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.