How to Audit Equity

Learn how to audit equity by following a clear, step-by-step framework designed for practicing auditors. This course explains the nature of equity from an auditing perspective and then details the specific procedures required to examine the equity section of the balance sheet. You will review equity-related internal controls, understand how they affect audit risk, and reinforce your work with targeted background on equity accounting, enabling more accurate and efficient audit conclusions.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: AU1013

Table of Contents
Chapter 1. Auditing Equity
Chapter 2. Accounting for Equity

Learning Objectives
  • Recognize the circumstances that can alter the amount of equity activity in a business.
  • Specify the circumstances under which confirmations can be used in the audit of equity.
  • Understand the different types of controls that can be applied to equity.
  • Describe the accounting for stock dividends and stock splits.
  • Recognize the different ways to account for treasury stock.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: None
Advance Preparation: None
Latest Review Date: November 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.