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Financial Audit Procedures - Equity & Liabilities
31 students

Financial Audit Procedures - Equity & Liabilities

Learn HAW to Audit Equity & Liabilities' accounts
Created byMk HAW
Last updated 11/2020
English

What you'll learn

  • Learn HAW to audit the accounts balances classified in Equity & Liabilities
  • Learn HAW to audit Account Payables, including Reply to confirmation letter and Payables not posted
  • Learn HAW to audit Financial Liabilities Instruments, including Loan & interest, Covenants, Amortized cost and DCF
  • Learn HAW to audit Related Parties balances, including Intercompany reconciliation
  • Learn HAW to audit Provisions, including Provisions for risk and charges and Warranty
  • Learn HAW to audit Equity movements and dividends
  • Learn HAW to audit Payroll liabilities, incuding Post employment benefit

Course content

1 section • 15 lectures • 4h 30m total length

  • Audit test - Equity & Liabilities Overview * n. 6.17:03
  • Audit test - AP - Reply on Confirmation Letter & Alternative Procedure * n. 6.2117:24

    Auditors verify accounts payable existence, completeness, and accuracy by sending confirmation letters and performing reconciliation, with alternative procedures guided by risk assessment and professional judgment.

  • Audit test - Account Payables - Rollback & Roll forward on Confirmation * n.6.2215:15
  • Audit test - Account Payables not posted * n. 6.2316:37
  • Audit test - Payroll Liabilities - Salary, Bonus & Vacation * n. 6.2423:30
  • Audit test - Financial - Cash & Bank Reconciliation * n. 6.2525:05
  • Audit test - Financial Liabilities - Loans & Interests * n. 6.2616:59
  • Audit test - Financial Liabilities - Covenants * n. 6.2715:04
  • Audit test - Financial Instruments - Amortized Cost * n. 6.2813:09

    Learn how auditors verify amortized cost computations for financial instruments, performing independent calculations, reconciling instrument contracts with data, and ensuring correct classification and disclosure in financial statements.

  • Audit test - Post Employment Benefits * n. 6.3033:00
  • Audit test - Provision for Risk & Charges * n. 6.3119:08
  • Audit test - Warranty Provision * n. 6.3216:25
  • Audit test - Equity & Dividends * n. 6.3411:22
  • Audit test - Intercompany Reconciliation * n. 6.3519:35
  • Audit test - Discounted Present Value * n. 6.4521:23

Requirements

  • No particular knowledge even if a basic knowledge of accounting and audit improve the learning experience
  • Each course can be taken individually, but learning also from the others 10 HAW courses provide a complete understanding of the Financial Statement Audit process

Description

The Financial Statements Audit - Non Current Assets course teach how to test the following account balances:

-  Equity: movements and Dividends

-  Financial Liabilities Instruments, including Bank reply & reconciliation, Borrowings & interest, Covenants, Amortized cost and Discounted Present Value

-  Account Payables, including Reply to confirmation letter and Payables not posted

-  Payroll Liabilities, including Payroll Accruals and Post employment benefits

-  Related Parties balances, including Intercompany reconciliation

-  Provisions, including Provision for Risk and Charges and Warranty


The course is presented by the founder of HAW - How Audit Work that is an organization that provide audit related service, including teaching. The founder, Mk, is an auditor with 10 years audit experience in different countries (as US, UK, Netherlands and Italy) always working in Big4 audit firms.


Contact us by email, Facebook, LinkedIn or Youtube to know about the available multi-course promotions.


List of HAW - How Audit Work courses available:

1   -  Audit Planning

2   -  Accounting Procedures & Internal Controls

3   -  Confirmation Letter

4   -  Audit test - Non-curent Assets

5   -  Audit Test - Current Assets

6   -  AUDIT TEST - EQUITY & LIABILITIES

7   -  Audit Test - Income Statement

8   -  Audit Test - All Others

9   -  Audit Operative Overview

10 -  Audit High Level Overview

11 -  Audit Summary

12 -  Audit Insight - Become & Evolve to be a Good Auditor - FREE

13 -  Audit Insight - Career & Lifestyle of an Auditor - FREE

14 -  Audit Insight - Audit Perception & Career After-audit - FREE


Don't fall behind the best version of yourself and improve now your Audit skills !

"Just focus, learn & do it!" 

- Mk -

Who this course is for:

  • Student that want to understand what is the audit of financial statements and learn how to audit
  • Beginner and experienced auditor that need operative knowledge to perform an audit planning
  • Anyone that is interested to know what is an audit of the financial statements and what auditors do

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