Intangible assets and goodwill explained
You can explore the intricacies of accounting for intangible assets and goodwill by reviewing topics, including:
- When intangibles are subject to amortization and when they are not
- Key considerations when accounting for goodwill
Auditing intangible assets and goodwill
You can also learn how to audit intangible assets and goodwill by exploring topics, such as:
- Common risks
- Key processes and controls
- Auditing procedures
- Documentation
Who Will Benefit
- Experienced staff
- New in-charge auditors
- Firms that want consistent training and level setting
Key Topics
- Accounting for intangible assets and goodwill
- Audit objectives and assertions
- Risk assessment and common identified risks
- Common audit procedures and application of professional standards
- Documentation
Learning Objectives
- Identify intangible assets and goodwill and the appropriate accounting for each.
- Determine the audit objectives and related assertions in the area of intangible assets and goodwill.
- Identify basic processes, controls, and audit procedures in the intangible assets and goodwill area as well as weaknesses and possible solutions.