How to Audit Prepaid Expenses
2.00 Credits
Member Price $89
Non-Member Price $119
Overview
Understanding how to effectively audit prepaid expenses is a key skill for audit staff. This course provides a comprehensive overview of the fundamentals, including the applicable audit assertions and common risks and threats associated with the prepaid expense balance. Participants will learn how to perform substantive auditing procedures to ensure accuracy and reliability, with guidance on applying these techniques to real-world scenarios. Designed to enhance practical knowledge, this session equips auditors with the tools and confidence needed to navigate prepaid expense audits with proficiency.
Highlights
- Pre-paid Expenses
- Auditing
- Yellowbook
Prerequisites
None
Designed For
Accounting Professionals
Objectives
- Recall the audit assertions applicable to the prepaid expense balance
- Recognize risks & threats related to the prepaid expense balance
- Identify substantive auditing procedures that are used to obtain comfort over prepaid expenses
Preparation
None
Leader(s):
Leader Bios
Jaclyn Veno, CPA Crossings Webinars
<Jaclyn Veno, CPA has extensive experience in accounting, auditing, and adult learning. At Galasso Learning Solutions, she develops highly rated Level Training programs that bring concepts to life through case studies, hands-on activities, and games.Before joining GLS, she worked for two Top 10 CPA firms, managing international teams and overseeing more than 20 acquisition audits. A Clemson University grad with both bachelor’s and master’s degrees in accounting, she also holds certificates in Adult Learning Theory, Instructional Design, and Facilitation.
Non-Member Price $119
Member Price $89