How to Audit Liabilities
This course clarifies for the auditor every action needed to audit liabilities. It describes the characteristics of liabilities from an auditing perspective, and then goes on to describe the steps required to audit many types of liabilities, including accounts payable, accrued liabilities, and debt. There is a particular emphasis on the search for unrecorded liabilities. Background information concerning the accounting for liabilities is inserted into the text as needed.
Format
PDF Course
Level
Overview
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: AU1014
Table of Contents
Chapter 1. Auditing Liabilities
Chapter 2. Accounting for Liabilities
Learning Objectives
- Recognize the key characteristics of liabilities.
- Specify 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.
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.
