Are you up to speed on the requirements for 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. We will review common notes and disclosures to the financial statements and discuss what the auditor should consider when 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. Participants should complete the audit staff training courses on the various areas included in the notes & disclosures prior to taking this course.
Publication Date: February 2023
Designed For
CPAs, CMAs, CIAs, CGMAs, internal auditors, external auditors, managers, CFOs and others responsible for preparing or auditing financial statement notes and disclosures.
Topics Covered
- A Review of the Auditing Standards
- A Review of the Financial Statement Assertions
- A Review of the Requirements for Notes & Disclosures
- Auditing Notes & Disclosures: Planning the Audit
- Auditing Internal Controls for Financial Statement Preparation
- Auditing Notes & Disclosures: Conducting Field Work
Learning Objectives
- Identify common notes and disclosures
- Identify audit procedures for auditing notes and disclosures
- Recognize what would least likely impair an auditor's independence
Level
Advanced
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
Completion of the Introduction to Auditing webinar or similar experience in auditing.
Advance Preparation
None
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.