This CPE course discusses auditing accounts payable and accrued expenses, searching for unrecorded liabilities, identifying common risks in this area, and more.
Learning Objectives
Recall the audit objectives and related assertions in the accounts payable and accrued expenses area.;Identify the basic audit procedures over the accounts payable and accrued expenses process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.;Recognize the potential of audit data analytics in accounts payable audit procedures.
Major Topics
Relevant professional standards related to auditing accounts payable and accrued expenses;Audit objectives and assertions for accounts payable and accrued expenses;Risk assessment for accounts payable and accrued expenses;Application of guidance and an accounts payable and accrued expenses case study;Use of audit data analytics
