This CPE course discusses issues related to recognition and measurement of long-term debt, including confirming balances, recalculating accrued interest, and the recognition of interest expense.
Learning Objectives
Recall the audit objectives and related assertions in the debt area.;Identify the basic audit procedures over the debt process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.
Major Topics
Relevant professional standards;Audit objectives and assertions;Risk assessment and commonly identified risks;Common audit procedures and application of professional standards
