Experienced Staff/New In-Charge - Auditing Investments

Overview

This CPE course can be purchased individually or as part of the Audit Staff Essentials - Experienced Staff/New In-Charge staff training bundle.

To prepare for auditing investments, auditors must understand such terms as interest rate swaps, put options, and embedded derivatives, as well as their associated risks.

Learn about the types of investments most commonly encountered and the terminology that goes with them.

Explore the risks and the risk assessment process surrounding investments, and the specific requirements of the auditing standards and common audit techniques used to mitigate those risks.

Highlights

Key Topics

• Accounting for investments
• Auditing investments
• Risk assessment
• Common audit procedures
• Documentation

Prerequisites

1-2 years of audit experience

Designed For

Who Will Benefit

• Experienced staff
• New in-charge auditors

Objectives

Learning Outcomes

• 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 and identify weaknesses and possible solutions.