How to Audit: Property, Plant,& Equipment-Self-Study
Available Until
2.00 Credits
Member Price $105
Non-Member Price $130
Overview
Property, Plant, and Equipment (PP&E) often represents one of the largest balances on a company's financial statements, making it a critical area for auditors to understand. This course provides a practical approach to auditing PP&E, covering key audit assertions, common risks, and potential threats to the balance. This course will also cover different types of fixed assets and the various depreciation methods allowed under US GAAP.
Participants will explore essential substantive audit procedures and real-world examples to reinforce their learning. To put theory into practice, attendees will work through an activity focused on testing fixed asset additions, gaining hands-on experience in performing a test of details.
Highlights
Prerequisites
1 year of audit experience
Designed For
CPAs in Oklahoma
Objectives
- Recall the audit assertions applicable to PP&E
- Recognize risks & threats related to PP&E
- Identify substantive auditing procedures that are used to obtain comfort over PP&E
- Perform a test of details on PP&E additions
Preparation
None
Notice
Leader(s):
Leader Bios
Jaclyn Veno, CPA Crossings Webinars
<Jaclyn Veno, CPA has extensive experience in accounting, auditing, and adult learning. At Galasso Learning Solutions, she develops highly rated Level Training programs that bring concepts to life through case studies, hands-on activities, and games.Before joining GLS, she worked for two Top 10 CPA firms, managing international teams and overseeing more than 20 acquisition audits. A Clemson University grad with both bachelor’s and master’s degrees in accounting, she also holds certificates in Adult Learning Theory, Instructional Design, and Facilitation.
Non-Member Price $130
Member Price $105