Common investment types and terminology, as well as the risks and the risk assessment process associated with investments, are explained for experienced and new in-charge auditor staff. Auditing investments overview To prepare for auditing investments, you must first understand the basics. You can learn common investment types and their associated key terms, such as: - Interest rate swaps - Put options - Embedded derivatives Investments and risk assessment You can also learn about: - Common risks related to investments - Risk assessment process surrounding investments - Auditing standards requirements - Common audit techniques to mitigate risks Who Will Benefit - Experienced staff - New in-charge auditors - Firms that want consistent training and level setting Key Topics - Risk assessment and common identified risks - Accounting for investments - Auditing investments - Common processes and controls - Common audit procedures - Documentation - Audit traps to avoid Learning Objectives - Identify the key concepts in accounting for investments and the common types of investments you will encounter. - Identify basic processes, controls, and audit procedures over the investments process, as well as any weaknesses and possible solutions.