As companies look for greater investment returns in the current low interest rate environment, they are often investing in more risky types of investments, such as cryptocurrency. Further, as they look to hedge business risks, companies are frequently entering into derivative transactions, which both can contain unexpected risk and accounting complexity.
As you advance in your audit careers, you will be faced with both understanding the accounting for and auditing these complex financial statement areas. In this course, we’ll review the accounting models of several types of complex investments and review common audit procedures in these areas
- The fair value measurement process
- Derivative and hedge accounting under ASC 815
- Accounting and auditing considerations related to the use of the equity method of accounting under ASC 323
- Accounting and auditing considerations related to investments in cryptocurrency and digital assets
Experience on audit engagements
Accountants who account for or audit more complex financial instruments
- Recall fair value accounting guidance under ASC 820
- Recall the accounting guidance related to hedging transactions and other complex investments
- Identify common audit procedures related to complex investments
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