Considering COVID-19 in Financial Statement Disclosures (Completed)

Are you up to speed on the requirements for writing and auditing disclosures and notes to the financial statements? This course is designed for individuals who would like to obtain a better understanding of auditing notes and disclosures, specifically notes and disclosures to COVID-19 issues, government shutdown issues, and civil unrest issues that occurred in 2020. We will review the notes and disclosures to the financial statements and discuss what accountants and auditors should consider when writing and reading the notes, disclosures, and Management Discussion & Analysis (MD&A). We will discuss audit procedures that would allow the auditor to detect a material misstatement in the notes & disclosures from errors or fraud.

Who Should Attend
CPAs, CMAs, CIAs, CGMAs, internal auditors, external auditors, managers, CFOs and others responsible for preparing or auditing financial statement notes and disclosures.

Topics Covered

• Understanding of auditing notes and disclosures, specifically notes and disclosures to COVID-19 issues, government shutdown issues, and civil unrest issues
• Review the notes and disclosures to the financial statements
• Discuss what accountants and auditors should consider when writing and reading the notes, disclosures, and Management Discussion & Analysis (MD&A)
• Discuss audit procedures that would allow the auditor to detect a material misstatement in the notes & disclosures from errors or fraud

Learning Objectives

• Identify COVID-19 notes and disclosures
• Identify audit procedures for COVID-19 notes and disclosures

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
Basic understanding of auditing and preparing financial statement disclosures.

Advance Preparation
None