DESCRIPTION
This course is designed for CAAS professionals who want to enhance their understanding of common pitfalls in accounting transactions. Participants will explore various types of errors that can occur in the financial data collection and reporting process. The course also includes a comprehensive case study in which participants use the concepts they have learned to identify mistakes in client financial statements.
LEARNING OBJECTIVES
- Identify potential risks of errors and misstatements in financial statement accounts using knowledge of the client’s business and nature of accounting transactions
- Utilizing management assertions, evaluate the accuracy of client financial statement amounts reported
