This intermediate level course equips audit professionals with a comprehensive, risk based approach to auditing property, plant, and equipment (PP&E)—a high value financial statement category subject to complex accounting requirements and heightened audit risk. Participants will learn how to assess inherent and control risks, evaluate capitalization policies, test depreciation and useful lives, and identify impairment indicators in accordance with U.S. GAAP and PCAOB auditing standards.
Through real world examples and practical audit scenarios, the program explores PP&E additions, retirements, repairs and maintenance, construction in progress, valuation considerations, and fraud risks such as improper capitalization, unrecorded disposals, and manipulated useful lives. Attendees will gain actionable strategies for designing and performing substantive procedures, enhancing documentation quality, and applying professional skepticism in PP&E audits.
By the end of this course, participants will be equipped to conduct effective, well documented PP&E audits that strengthen audit quality and ensure accurate financial reporting.
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.