Audit Staff Essentials - Experienced Staff or New In Charge: Auditing Intangible Assets and Goodwill

Intangible assets and goodwill explained

You can explore the intricacies of accounting for intangible assets and goodwill by reviewing topics, including:

• When intangibles are subject to amortization and when they are not
• Key considerations when accounting for goodwill

Auditing intangible assets and goodwill

You can also learn how to audit intangible assets and goodwill by exploring topics, such as:

• Common risks
• Key processes and controls
• Auditing procedures
• Documentation

Who Will Benefit

• Experienced staff
• New in-charge auditors
• Firms that want consistent training and level setting

Key Topics

• Accounting for intangible assets and goodwill
• Audit objectives and assertions
• Risk assessment and common identified risks
• Common audit procedures and application of professional standards
• Documentation

Learning Objectives

• Identify intangible assets and goodwill and the appropriate accounting for each.
• Determine the audit objectives and related assertions in the area of intangible assets and goodwill.
• Identify basic processes, controls, and audit procedures in the intangible assets and goodwill area as well as weaknesses and possible solutions.