Cash is King. Cash makes the world go around. For any business management of cash is very important. Therefore auditing cash transactions is of crucial importance.
Cash tends to be one of the first areas assigned to new auditors, as there is typically little complexity and subjectivity involved. In addition, persuasive audit evidence from a third party is generally available.
However, research shows that around 80% of asset misappropriation relates to cash. Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. Therefore, the audit of accounts and classes of disclosures related to cash and cash equivalents does tend to carry some level of risk of material misstatement.
This Online CPE course discusses common audit procedures surrounding cash and cash equivalents, as well as steps for risk assessment to identify common risks found in this area. It will also demonstrate how the approach to auditing different cash accounts may vary. It also covers how you can strengthen inquiry which is an important audit procedure in the area of cash and cash equivalents.
This CPE Auditing webinar covers the following Key Topics:
President, Emergent Solutions Group LLC
Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
TM
Jennifer Louis is an excellent instructor. She presents material most relevant to the subject matter, and makes the webinar interesting. I always look for webinars presented by Jennifer.
LW
Presenter did a good job. I took the course for a little different purpose than most. I know this material and wanted to refresh basic level information to present to my students.
GL
I didn't think I'd like the jokes...but by the end I was looking forward to them. The awkward pause after each joke became funnier each time. Also, very fun webinar overall :)
HSC
IN MY OPINION THE PROGRAM IS VERY EFFECTIVE TO TAX PREPARER AS A WHOLE
PJ
I liked the overall training with the test, the material and slides.
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