Surgent’s Financial Reporting Complex Issues (Audit Skills Training – Level 3) (A3M8) (SSAA22/19)

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Event Description

Each set of financial statements and auditor’s report thereon must properly address the unique circumstances of the specific reporting entity’s circumstances. This module provides guidance for properly altering financial statements and audit reports for certain complex transactions and events.

Designed For

Accountants responsible for drafting the statement of cash flows, footnote disclosures, or emphasis-of-matter or other-matter explanatory paragraphs in an unqualified audit report.

Objectives

  • Learn how to handle more complex statement of cash flow issues
  • Explain circumstances requiring audit report modifications and explanatory paragraphs
  • Understand the importance of applying general audit procedures to identify relevant footnote disclosures

Major Subjects

  • Important considerations when drafting the statement of cash flows
  • Properly treating more complex transactions and events in the statement of cash flows
  • Emphasis-of-matter or other-matter explanatory paragraphs
  • General audit procedures to identify relevant transactions and events impacting financial statement presentation and disclosure
  • Drafting relevant general footnotes
  • Improving the footnote drafting process

Prerequisites

Familiarity with SASs and FASBs

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.