Performing Audit Tests of Balances: Auditing Notes Payable, Long-Term Debt (Currently Unavailable)

Author: Larry Perry

This course focuses on how to perform auditing procedures for notes payable, long-term debt, commitments and contingencies. This course also includes illustrative auditing procedures and discusses the affects of assessed levels of risk of material misstatement on the design and performance of substantive procedures.

Publication Date: July 2012

Designed For
CPA firm staff personnel assigned to audit engagements who desire a better understanding of how to audit notes payable, long-term debt, commitments and contingencies should attend. Internal auditors and finance personnel employed in various industries will also benefit from this webcast.

Topics Covered

• Key accounting and auditing standards affecting notes payable, long-term debt, commitments and contingencies
• Understanding relevant assertions for notes payable, long-term debt, commitments and contingencies
• Basic auditing procedures for notes payable, long-term debt, commitments and contingencies
• Affects of risk of material misstatement on notes payable, long-term debt, commitments and contingencies auditing procedures
• Designing and using the most efficient documentation for notes payable, long-term debt, commitments and contingencies auditing procedures

Learning Objectives

• Identify the basic procedures for auditing notes payable, long-term debt, commitments and contingencies.
• Recognize the affects of assessed levels of risk of material misstatement on notes payable, long-term debt, commitments and contingencies auditing procedures.
• Identify and apply ways to audit notes payable, long-term debt, commitments and contingencies more efficiently.
• Design and prepare the most efficient documentation for notes payable, long-term debt, commitments and contingencies auditing procedures

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None