Available Until:

4/26/2026

Registration Open:

onDemand

Time:

onDemand

Facility:

onDemand

Meeting Type:

CPEOnDemand

CPE Credit:

1.00

Field(s) Of Study:

Auditing (1.00)

Level of Knowledge:

Basic

Price:

Member: $89.00
Nonmember: $109.00

Individual Discounts:

Not Available

Group Discounts:

Not Available

Overview

Long-term debt recognition and measurement can be problematic. New staff can learn about issues related to confirming balances, recalculating accrued interest, and recognizing interest expense.

Highlights

Long-term debts decoded

You can learn about recognizing and measuring long-term debt by examining various topics, such as:

  • Relevant professional standards
  • Audit objectives and assertions
  • Challenging issues related to presentation and disclosure

Long-term debt auditing mechanics

Knowing the more mechanical side of auditing debt is essential to your audits. You can gain an understanding of long-term debt auditing mechanics, including how to:

  • Confirm balances
  • Recalculate accrued interest
  • Recognize interest expenses
  • Draft working papers with sufficient appropriate evidence to support related financial statement disclosures

Who Will Benefit

  • Recently onboarded staff
  • First-year staff
  • Firms that want consistent training and level setting

Key Topics

  • Relevant professional standards
  • Audit objectives and assertions
  • Risk assessment and commonly identified risks
  • Common audit procedures

Learning Outcomes

  • Recall the audit objectives and related assertions in the debt area.
  • Identify the basic audit procedures over the debt process, including those surrounding risk and fraud.

Speaker(s)

Prerequisites

None