Auditing investments overview
To prepare for auditing investments, you must first understand the basics. You can learn common investment types and their associated key terms, such as:
- Interest rate swaps
- Put options
- Embedded derivatives
Investments and risk assessment
You can also learn about:
- Common risks related to investments
- Risk assessment process surrounding investments
- Auditing standards requirements
- Common audit techniques to mitigate risks
Who Will Benefit
- Experienced staff
- New in-charge auditors
- Firms that want consistent training and level setting
Key Topics
- Risk assessment and common identified risks
- Accounting for investments
- Auditing investments
- Common processes and controls
- Common audit procedures
- Documentation
- Audit traps to avoid
Learning Objectives
- Identify the key concepts in accounting for investments and the common types of investments you will encounter.
- Identify basic processes, controls, and audit procedures over the investments process, as well as any weaknesses and possible solutions.