Courses

Objective

• Perform a search for unrecorded liabilities as of the balance sheet date
• Identify the accounting treatment for accounts payable, accrued liabilities and accrued expenses
• Understand the risks involved in accounts payable, accrued liabilities and accrued expenses at the assertion level
• Determine the appropriate audit evidence to obtain for the search for unrecorded liabilities
• Evaluate results from a search for unrecorded liabilities and make proposed adjustments based on the evaluation of the evidence
• Assess the propriety of accrued estimates and accounts payable
• Determine if proper cut-off procedures were followed

Highlights

• Optimal resource requests to support an appropriate search for unrecorded liabilities
• Tracing transactions to the detail to identify whether liabilities are properly recorded
• Evaluation of evidence to meet management’s assertions

Designed For

Prerequisite

Advanced Preparation