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Course Details

How to Audit Equity (Course Id 1313)

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Author : Steven Bragg, CPA
Status : Production
CPE Credits : 1.0
IRS Credits : 0
Price : $12.95
Passing Score : 70%
NASBA Technical: Yes
Primary Subject-Field Of Study:

Auditing - Auditing for Course Id 1313

Description :

The How to Audit Equity course describes the characteristics of equity from an auditing perspective, and then goes on to describe the activities required to audit the equity portion of the balance sheet. The course also covers the different types of controls that a firm can apply to its equity transactions. Background information concerning the accounting for equity is inserted into the text as needed.

Usage Rank : 0
Release : 2017
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 22-Jan-2018
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 1313

Keywords : Auditing, How, Audit, Equity, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

  • Recognize the circumstances that can alter the amount of equity activity in a business.
  • Note the circumstances under which confirmations can be used in the audit of equity.
  • Understand the different types of controls that can be applied to equity.
  • Describe the accounting for stock dividends and stock splits.
  • Recognize the different ways to account for treasury stock.

Chapter 1
Auditing Equity

  • Recognize the circumstances that can alter the amount of equity activity in a business.
  • Note the circumstances under which confirmations can be used in the audit of equity.
  • Understand the different types of controls that can be applied to equity.

    Chapter 2
    Accounting for Equity

  • Describe the accounting for stock dividends and stock splits.
  • Recognize the different ways to account for treasury stock.
  • Course Contents :

    Chapter 1 - Auditing Equity

    Auditor Objectives

    Auditing Characteristics of Equity

    Auditing Activities

    Inherent Risk Assessment

    Material Misstatement Assessment

    Substantive Procedures

    Understand Controls

    Examine Authorizing Documents

    Analyze Equity Accounts

    Review Stock Issuance Proceeds and Repurchases

    Confirm Shares Outstanding

    Review Stock Compensation Plans

    Verify Reserve Restrictions

    Review Presentation and Disclosures

    Internal Controls Used by the Client

    Activities for an Initial Audit

    Review Questions

    Chapter 2 - Accounting for Equity

    The Sale of Stock

    Dividend Payments

    Stock Dividends and Stock Splits

    Stock Dividend

    Stock Split

    Treasury Stock

    Purchase of Treasury Stock

    Resale of Treasury Stock

    Cost Method

    Constructive Retirement Method

    Review Questions

    Glossary

    Auditing Course 1313 Home: https://www.cpethink.com/auditing-cpa-courses
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