Surgent’s Auditing Complex Investment Types (Audit Skills Training – Level 5) (A5M3) (SSAA32/19)

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Event Description

Entities may have more complex investments, such as non-readily marketable securities that trade in an inactive market or use unobservable inputs for fair value determination. This module discusses the key considerations when auditing common complex investment types.

Designed For

Accountants who account for or audit more complex or non-readily marketable securities

Objectives

  • Discuss types of non-readily marketable securities
  • Describe fair value modeling techniques for Level 3 assets
  • Explain the requirements when using the work of a specialist or Service Organization Control Reports in auditing investments
  • Describe fair value presentation and disclosure for complex investments

Major Subjects

  • The fair value measurement process, including non-readily marketable securities
  • Auditing fair value measurement and disclosure, including alternative investments and complex derivatives
  • Using a specialist for fair value determination, including Service Organization Control Report considerations
  • Example accounting for complex derivatives, such as put options and embedded derivatives
  • Fair value hierarchy considerations for disclosures related to non-readily marketable investments

Prerequisites

Experience on complex audit engagements

Instructions

When you purchase a Surgent CPE on-demand course, it must be taken by June 30, 2019, to receive credit.
Within 5 minutes after your purchase, you will receive an email from info@surgent.com that explains how to access your course and materials.
Once you complete a course, please allow up to 30 days to receive you certificate of completion.
If you have further questions, please email info@surgent.com or call 800.778-7436. Their help lines are staffed Monday-Friday from 8:30 am to 5 pm Eastern Time.