Basic Staff Training

Series: Auditing Notes

Payable

Course Description:

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

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Understand the basic procedures for auditing notes payable, long-term debt, commitments and contingencies
• Understand the affects of material misstatement on notes payable, long-term debt, commitments and contingencies auditing procedures
• Learn 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