Audit Staff Essentials - Experienced Staff or New In Charge: Auditing Investments
Common investment types and terminology, as well as the risks and the risk assessment process associated with investments, are explained for experienced and new in-charge auditor staff.
Format
Online
NASBA Field of Study
Auditing
Level
Intermediate
CPE Credits
1.5
Author(s)
AICPA Staff
Availability
1 year
Product Number
ASE3INV24SSO
Auditing investments overview
To prepare for auditing investments, you must first understand the basics. You can learn common investment types and their associated key terms, such as:
- Interest rate swaps
- Put options
- Embedded derivatives
Investments and risk assessment
You can also learn about:
- Common risks related to investments
- Risk assessment process surrounding investments
- Auditing standards requirements
- Common audit techniques to mitigate risks
Who Will Benefit
- Experienced staff
- New in-charge auditors
- Firms that want consistent training and level setting
Key Topics
- Risk assessment and common identified risks
- Accounting for investments
- Auditing investments
- Common processes and controls
- Common audit procedures
- Documentation
- Audit traps to avoid
Learning Objectives
- Identify the key concepts in accounting for investments and the common types of investments you will encounter.
- Identify basic processes, controls, and audit procedures over the investments process, as well as any weaknesses and possible solutions.
Group ordering for your team
2 to 5 registrants
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Start order6+ registrants
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US customers call 1-800-634-6780 (option 1)
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