Audit 304: Auditing Basic Investments - Common Risks Webinar

Apr 8
11:30 - 1:30 p.m.


CPE Credits

Auditing Investments - Understanding Risks and Procedures for the Most Common Investments will provide an overview for evaluating the proper recognition, measurement and disclosure of the most common investments types. Many small- and mid-size entities hold less-complex investments, including mutual funds, 'plain vanilla' derivatives (such as interest rate swaps), and permanent life insurance policies. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has responsibilities for auditing common investments. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:

Upon completion of this course, you will be able to...

  • Recall typical audit risks associated with auditing the most common investments
  • Identify how to tailor the audit plan to assessed risks of material misstatement
  • Recognize the fundamental principles of accounting for common derivatives
  • Recall fair value presentation and disclosure requirements


The major topics covered in this course include:

  • Overview of the most common investment types
  • Typical audit risks and related audit procedures for common investments
  • The basics of accounting for equity investments in other entities
  • Understanding common 'plain vanilla' derivatives, like interest rate swaps
  • Fair value disclosure, including applying the fair value hierarchy


PICPA Member: $89
Nonmember: $114

More Information

Course No. ESA304R2

Level: Basic

Prerequisites: None

This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from with the log-in information.


Jennifer Louis

Emergent Solutions Group LLC