This CPE course introduces effective and efficient procedures for auditing fixed assets in the property, plant, and equipment area.
Learning Objectives
Recall the audit objectives and related assertions in the property, plant, and equipment area.;Identify the basic audit procedures over the property, plant, and equipment process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.;Recall concepts related to and procedures used in auditing leases.;Recognize the potential of audit data analytics in property, plant, and equipment audit procedures.
Major Topics
Relevant professional standards related to auditing property, plant, and equipment;Audit objectives and assertions for property, plant, and equipment;Risk assessment for property, plant, and equipment;Lease audit and accounting;Application of guidance and a property, plant, and equipment case study;Use of audit data analytics
