About this Course
In this course you'll learn the importance of understanding the accounting system related to purchases, payables, and accrued expenses - an understanding necessary to plan your procedures. Through an interactive case study, you'll practice the critical substantive test and be able to assess if your search for unrecorded liabilities is thorough enough to gain comfort that material unrecorded liabilities have been detected.
- Understanding the accounts payable cycle
- Proper cut-off and classification
- Common accounts payable and accrued expenses audit procedures and techniques
- Searching for unrecorded liabilities
Who will it benefit?
New Staff covers key areas to ensure auditors are well prepared to begin their careers. The Audit Staff Essentials Level I courses establish a strong set of core skills necessary for junior staff growth.