Published: August, 2021
In virtually all audit property, plant, and equipment (PP&E) is present, at least to some extent. Under special circumstances such as the right of use under a lease agreement complexities arise. This CPE webinar is going to address the risk of PP&E, internal controls that detect as well as prevent misstatement in PP&E, and auditing techniques responsive to the assessed risk and disclosures.
From the risk perspective, property, plant, and equipment can range from a low-risk to a high-risk audit area, depending on the nature of transactions and events engaged in by the reporting entity. Construction, capitalized interest and complex leasing arrangements tend to result in a higher risk of material misstatement. This webinar is going to discuss the typical audit risks. It will also discuss the special audit considerations that the auditors should implement.
The speaker is also going to discuss a detailed audit plan that is responsive to assessed material misstatement for fixed assets as well as leases. It will cover in detail the key controls that the auditor may implement to ensure substantial assurance. The webinar will also discuss lease accounting in detail from the perspective of impacts of Topic 842. It will addresses tips and techniques for auditing tangible long-lived assets for various assessed risk levels, with a special emphasis on lease accounting under Topic 842.
The Online CPE webinar for CPAs cover the following Key Topics:
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 through its website: www.NASBARegistry.org.
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.
Emergent Solutions Group is highly rated in course design and instruction on a wide array of topics, including accounting, auditing, personal development, project management, practice management, and more. Our Services includes :
1. Developing High-Caliber, Cost-Effective Training Content
2. Revamping or Customizing Existing Training Offerings
3. "On-Call” Instructing and Speaking
4. Training the Trainer