How to Audit Equity
This course clarifies for the auditor every action needed to audit equity. It describes the characteristics of equity from an auditing perspective, and then goes on to describe the activities required to audit the equity portion of the balance sheet. The course also covers the different types of controls that a firm can apply to its equity transactions. Background information concerning the accounting for equity is inserted into the text as needed.
Format
PDF Course
Level
Overview
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: AU1013
Table of Contents
Chapter 1. Auditing Equity
Chapter 2. Accounting for Equity
Learning Objectives
- Recognize the circumstances that can alter the amount of equity activity in a business.
- Specify the circumstances under which confirmations can be used in the audit of equity.
- Understand the different types of controls that can be applied to equity.
- Describe the accounting for stock dividends and stock splits.
- Recognize the different ways to account for treasury stock.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: None
Advance Preparation: None
Latest Review Date: November 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
