November 11, 2024

Webinar

2 CPE

Webinar (CPA Crossings): Audit 205: Auditing Liabilities and Long-Term Debt Risks

November 11, 2024
Webinar
2 CPE

Webinar (CPA Crossings): Audit 205: Auditing Liabilities and Long-Term Debt Risks

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    Instructor

    Jennifer
    Louis

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    Jennifer Louis, CPA

    Bio

    Jennifer focuses her energy on designing and delivering high-quality and engaging accounting and auditing training. Prior to founding Emergent Solutions Group, LLC, she was Director of Audit Product Development at Surgent Professional Education.

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    Auditing Liabilities, Including Long-Term Debt
  • Addressing the Risks of Completeness, Classification, and Disclosure will discuss tips and techniques for auditing accounts payable, accrued expenses, and common long-term financing arrangements and related debt covenants. The completeness and proper classification of liabilities are the typical higher audit risks. The complexity of the debt financing arrangements may create a significant risk requiring more persuasive audit evidence. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

  • Upon completion of this course, you will be able to...

    • Identify typical audit risks and special audit considerations related to various liabilities
    • Tailor the audit plan in response to assessed risk of material misstatement, focusing on the assertions with typically higher risk
    • Evaluate results from a search for unrecorded liabilities and procedures to assess the propriety of accrued estimates
    • Evaluate the completeness, classification, and disclosure of financing arrangements
    • including debt covenant compliance

Major Topics

The major topics covered in this course include:

  • Typical audit procedures related to accounts payable and accrued expenses, including the search for unrecorded liabilities
  • Key controls related to liabilities
  • Auditing long-term debt, including compliance with covenants
  • Determining the proper classification of financing arrangements
  • Proper form of noncompliance waiver letters
  • Impact of noncompliance on disclosures

CPE Credits Available

2 CPE
2
Auditing

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Accounting & Auditing

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Accountants responsible for auditing accounts payable, accrued expenses and debt

Provider

CPA Crossings, LLC

This event has ended.