Courses

Surgent's Preparing and Reviewing Client Prepared Financial Statements - On-Demand Webcast

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Member Price: $89.00 Non-Member Price: $119.00

Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Auditing: 2.00
Fields of Study:: Auditing
Level:: Basic

The ultimate objective of a financial statement audit is to issue the independent auditor's report. This module discusses the process, introduces key elements of financial statements, and provides best practices for auditors who either prepare or review the client's financial statements. (Please Note: This module is part of Surgent's Audit Skills Training: Level 2.)

Objective

Explain the key elements and variations of the auditor’s report
Understand the appropriate treatment for accounting changes and error corrections
Discuss the basic financial statements, their key elements and required disclosures
Understand the Codification layout and be able to perform research on presentation and disclosure issues that arise
Use a framework to prepare or review client prepared financial statements
Identify best practices for financial statement preparation or review of client prepared financial statements.

Highlights

Objective of financial reporting
Inter-relationships of financial statements and disclosures
Accounting changes
Financial statement preparation and review process
Best practices for financial statement preparation and review

Designed For

Accountants who have responsibilities for drafting financial statements or reviewing client prepared financial statements.

Prerequisite

None

Advanced Preparation

None