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Surgent's Auditing Property, Plant, & Equipment

Available Until Sunday, April 30


2.00 Credits

Member Price $89.00

Non-Member Price $119.00


Property, plant, and equipment is present, at least to some extent, in virtually all audit clients. Auditing the area can be straight forward but when an entity is building machinery or equipment, complexities arise. Property and equipment can also include right of use assets under lease agreements. This module will address assessing the risk of property and equipment, internal controls that prevent and detect misstatements in property and equipment, auditing techniques responsive to the assessed risk and disclosure.


Major Topics:

  • Assessing risk
  • Internal control related to property and equipment
  • Audit procedures for property and equipment
  • Construction of assets including capitalizing interest
  • Lease accounting requirements and disclosure of right of use asset
  • Disclosure of property and equipment



Designed For

Accountants responsible for auditing property, plant, and equipment


Learning Objectives:

  • Discuss audit risks related to property equipment
  • Identify internal controls to prevent, detect and correct misstatement in property and equipment
  • Tailor an audit plan to respond to assessed risk of material misstatement
  • Understand the key controls related to PP&E
  • Describe and apply lease accounting requirements
  • Test disclosures for completeness and compliance with GAAP




This is a self-study/on demand course offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by Surgent Professional Education. The course expires one year from the purchase date. Format = on demand webcast to view with the course materials.

Non-Member Price $119.00

Member Price $89.00