How to Audit Liabilities ON DEMAND
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1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
Accounts payable is the aggregate amount of an entity’s short-term obligations to pay suppliers for goods and services purchased on credit. Accrued liabilities are recorded via journal entry and are based on the gradual accumulation of a liability over time. How to Audit Liabilities describes the characteristics of liabilities from an auditing perspective as well as the activities required to audit many types of liabilities. Steven M. Bragg places particular emphasis on the search for unrecorded liabilities.
Highlights
Auditing Liabilities. Accounting for Liabilities.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers.
Objectives
Recognize the key characteristics of liabilities. Note the circumstances in which inherent risk is considered to be more likely. Cite the different activities that can be used to examine accrued liabilities. Describe the different types of analytical procedures that can be applied to liabilities. Recognize the accounting rules related to loss contingencies and the fair value option.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00