2024 MSCPA Annual Convention: Details

2024 How to Audit Expenses & Payables

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Saturday, August 24, 2024 @ 11:00am 1:00pm
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Description

This course will serve as an introduction to conducting effective walkthroughs to gain an understanding of the client's transaction processes as well as identify internal controls within each process. This course will review the procedures, questions to ask, and documentation requirements of walkthroughs. It will also include real-world examples of the red flags that may arise while executing a walkthrough. 

Prerequisites

None

Highlights

  • Introduction to Auditing
  • Expenses
  • Assertions
  • Risk Assessment

Objectives

  • Recall the audit assertions applicable to the expenses & payables balances
  • Recognize risks & threats related to the expenses & payables balances
  • Identify substantive auditing procedures that are used to obtain comfort over expenses & payables

Preparation

None

Credits

Category Amount
Accounting&Auditing 2.00