Surgent's Financial Statement Fundamentals (Audit Skills Training - Level 2) (A2M8)

Description

The ultimate objective of a financial statement audit is to issue an auditor's report. This module provides tips and techniques necessary for issuing and reporting on high quality financial statements prepared under U.S. GAAP or a special purpose framework.

Highlights

• Objective of financial reporting
• Inter-relationships of financial statements and disclosures
• Accounting changes
• Special purpose framework financial statements and audits
• Types of audit reports
• Example audit reports
• Financial statement issuance process
• Performing a final quality control check before report release

Objectives

• Discuss the inter-relationship of basic financial statements and disclosures
• Explain the financial statement drafting and issuance process
• Perform a quality control check of draft financial statements
• Explain the key elements and variations of the auditor’s report
• Describe special considerations for financial statements prepared under special purpose framework

Designed For

Accountants who have responsibilities for drafting the financial statements and the auditor's report