This course allows you to get reacquainted with the statement of cash flows. We will refresh your skills regarding both the preparation and utilization of the statement of cash flows. Significant emphasis will be placed on the informational role of the statement of cash flows and insights that can be obtained using the statement of cash flows in concert with the other elements of a company's accrual-basis financial statements. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Identify minimum understanding and documentation requirements if the auditor does not intend to rely on internal controls.
- Recognize internal controls of less-sophisticated, small-to-medium sized audit clients.
- Utilize identified internal controls for an efficient, risk-based approach to audits conducted in accordance with generally accepted auditing standards.
- Document your procedures and related conclusions
Major Topics
The major topics covered in this class include:
- Examination of actual frauds
- Discussion of internal controls that could have prevented the frauds
- Contemplation of epiphanies for your own professional scenarios
