How to Audit Fixed Assets

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AUFXEDSB

audit fixed assets

Description:
The How to Audit Fixed Assets course describes the characteristics of fixed assets from an auditing perspective, and then goes on to describe the activities required to audit both tangible and intangible fixed assets. The course also covers the auditing of depreciation, as well as asset impairment losses. Further, the course materials note several issues that can assist in the planning for an audit of fixed assets. Background information concerning the accounting for fixed assets is inserted into the text as needed. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: September 2017

Format: PDF
Pages: 54

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the accounts in which fixed assets are typically recorded.
  • Note the changes in a fixed asset audit, based on the types of assets being audited.
  • Cite the situations in which inherent risk is more likely to be high.
  • Describe the fixed asset roll forward report.
  • Recognize the ways to detect assets that were dispositioned but not recorded.
  • Note the circumstances that can trigger a possible asset impairment.
  • Describe the rules relating to goodwill amortization.
  • Cite the auditing tasks to be completed when examining a client’s depreciation.
  • Recognize the types of fixed asset reports that can assist an auditor.

Description:
The How to Audit Fixed Assets course describes the characteristics of fixed assets from an auditing perspective, and then goes on to describe the activities required to audit both tangible and intangible fixed assets. The course also covers the auditing of depreciation, as well as asset impairment losses. Further, the course materials note several issues that can assist in the planning for an audit of fixed assets. Background information concerning the accounting for fixed assets is inserted into the text as needed. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: September 2017

Format: PDF
Pages: 54

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Recognize the accounts in which fixed assets are typically recorded.
  • Note the changes in a fixed asset audit, based on the types of assets being audited.
  • Cite the situations in which inherent risk is more likely to be high.
  • Describe the fixed asset roll forward report.
  • Recognize the ways to detect assets that were dispositioned but not recorded.
  • Note the circumstances that can trigger a possible asset impairment.
  • Describe the rules relating to goodwill amortization.
  • Cite the auditing tasks to be completed when examining a client’s depreciation.
  • Recognize the types of fixed asset reports that can assist an auditor.
  • I wanted to compliment you on the Accounting Fraud – Recent Case Studies (AUCASEMC) course I just took. The ebook was fantastic! Concise, easy to understand, very well structured, and very interesting. Exactly the way I like it. Thank you for putting it together. I feel it took me enough time to be worth 2 CPEs, but it was fantastic nonetheless. Thank you.

    - Mark R.

  • You guys do a great job!  As a person in industry it can be really expensive to stay current and you have great options that are actually useful as well as cost effective!

    - Sue

  • “..may I say it is rarer that I ever have gotten a personal reply from a CPE Site! Glad I have found your site.”

    - Tom