Audit Staff Essentials - New Staff Practical Application: Auditing Prepaid and Other Current Assets (C63656)

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Cancellation Policy

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

Auditing prepaid and other current assets, including the processes and procedures necessary for a successful audit, is explained for new audit staff.

Highlights

Prepaid and current asset audits

You can learn to skillfully audit prepaid and other current assets by understanding several key points, including:

  • Prepaid and other current assets' significance despite representing smaller individual items
  • Commonly prepaid expenses that must be recognized on a pro-rata basis
  • Other assets such as investments, short-term notes receivable, and industry-specific transactions that often require complex estimates

Applying your new knowledge

Practice implementing the guidance you learn through a prepaid and other current assets case study.

Who Will Benefit

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

Key Topics

  • Relevant professional standards related to auditing prepaid and other current assets
  • Audit objectives and assertions for prepaid and other current assets
  • Risk assessment for prepaid and other current assets

Learning Outcomes

  • Recall the audit objectives and related assertions applicable to prepaid and other current assets.
  • Identify the common audit procedures or techniques for obtaining audit evidence in the prepaid and other current assets area.

Speaker(s)

Prerequisites

None