Preparing Financial Statements for Auditors
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Preparing Financial Statements for Auditors

This course assists financial statement preparers with understanding how to pre-identify potential audit issues.
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Created by Illumeo Learning
Last updated 7/2017
English
Current price: $10 Original price: $75 Discount: 87% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Discover the concept of materiality that is built into the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC), Public Company Accounting Oversight Board (PCAOB), and Generally Accepted Audit Standards (GAAS).
  • Discover tips for identifying and evaluating where the most probable risk of material misstatement exists in the financial statements and related disclosures.
  • Explore how to proactively avoid potential financial statement audit issues.
View Curriculum
Requirements
  • No advanced preparation or prerequisites are required for this course.
  • Some experience in accounting and finance is helpful.
Description

All publicly-traded and many privately-held, nonprofit and other types of entities are subject to independent audits as a means of providing financial report users with reasonable assurance that the financial statements and related disclosures are not materially misstated due to fraud or error. This course assists financial statement preparers with understanding how to pre-identify and proactively avoid potential audit issues, by thinking like an auditor when preparing and fairly presenting financial statement information.

What you learn in this course should result in multiple benefits, such as:

  • On-time financial statement issuance
  • Lower audit fees
  • Improved reliability of financial reports
  • An enhanced ability to manage enterprise-wide risk.
Who is the target audience?
  • Anyone interested in finance, accounting, or related fields
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Curriculum For This Course
13 Lectures
02:22:31
+
Introduction
11 Lectures 02:22:29



Evaluating What is Material
05:35

Notes to Financial Statements (Topic 235)
07:20

Concept of Financial Statement Audit Risk
15:02

Evaluating Known and Likely Misstatements
07:28

Measuring Uncertainty and Subjectivity
07:14

Current Audit Issues
11:37

Tips for Proactively Avoiding Audit Issues
03:56

Preparing Financial Statements Continuous Play
01:11:14
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Supporting Materials
2 Lectures 00:02
Slides: Preparing Financial Statements
00:01

Preparing Financial Statements Glossary/Index
00:01
+
Review and Test
0 Lectures 00:00
Review Questions
5 questions

FINAL EXAM
8 questions
About the Instructor
Illumeo Learning
4.4 Average rating
291 Reviews
1,303 Students
234 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.