Auditing Prepaid Expenses

$29.00

This course will be an overview of: The audit risks associated with prepaid expenses and how to assess those risks Areas for internal control weaknesses within the prepaid expense process Audit procedures used to identify and value prepaid expenses Financial statement presentation and disclosure requirements

Field of Study:
Auditing
Instructor(s):
Holly Hawk
Credit(s):
1.50
Course Format:
On Demand
Prerequisites:

None

Course ID:
9990/11014
Delivery Method:
Audio
Knowledge Level:
Basic
Advanced Preparation:

None

Publication Date:
01/23/2020
Planned Expiration:
03/30/2021
Provider:
Becker Professional Education
Learning Objectives:

After completing this course, the learner should be able to:

  • Define prepaid expenses and understand basic accounting requirements.
  • Perform a risk assessment over prepaid expenses.
  • Assess the internal control structure surrounding prepaid expenses.
  • Perform substantive audit procedures to identify and test prepaid expenses.
  • Understand required financial statement disclosures for prepaid expenses.