From going concern and intangibles to impairment of goodwill, there has been a theme developing in recent course chapters. In this intermediate-level CPE course, these subjects become more complex.The risk to the auditor in these areas is not just in determining the proper audit procedure to apply, but rather is based on understanding the underlying area being audited. What makes these areas of greater risk is the complexity of the underlying accounting concepts and related required disclosures.
Auditors are tasked not only with obtaining evidence and being satisfied that the amounts are not materially misstated, but also with determining whether presentation and required disclosures are complete.In this CPE course, we will explore a brief overview of GAAP and FASB ASC and the mechanics of FASB Accounting Standards Codificationr (ASC). Understanding the structure and built-in tools contained in FASB ASC will help you accomplish your research efficiently.
Delivery Method: Self Study
CPE Credit: Auditing
Program Level: Intermediate