Performing Tests of Balances (CPE Course)

CPE Credit: 10 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $67

Course Description
This course is designed to integrate audit strategies into the auditing procedures for major financial statement classifications.  Each part focuses on a major financial statement classification and includes an overview of applicable U.S. GAAP, a discussion of applicable Clarified Auditing Standards and guidance on the design of tests of balances auditing procedures.

Author: Larry L. Perry

Course Number: AU003

Table of Contents
Part 1. Audit Strategies
Part 2. Auditing Cash
Part 3. Auditing Accounts Recevable
Part 4. Auditing Inventories
Part 5. Auditing Investments
Part 6. Auditing Fixed Assets
Part 7. Auditing Goodwill and Intangibles
Part 8. Auditing Accounts Payable and Accrued Expenses
Part 9. Auditing Income Taxes
Part 10. Auditing Notes Payable and Long-Term Debt
Part 11. Auditing Revenues
Part 12.  Auditing Payroll and Operating Expenses

Learning Objectives

  • Understand the philosophies underlying cost-beneficial audit strategies for audits of small- to medium-size entities.
  • Design audit strategies for small audits that will comply with all applicable professional standards and achieve high levels of profitability.
  • Perform and document auditing procedures for small to medium-size audits that result in both quality and efficiency.
  • Recognize the importance of leadership involvement on all audits.
  • Evaluate the relationship of audit risk, materiality calculations and sampling decisions.
  • Identify appropriate engagement completion procedures.

    Level: Overview

    Instructional Method: QAS Self-Study

    NASBA Category: Auditing

    Prerequisites: None

    Advance Preparation: None

    Program Registration Requirements: Click on "Purchase Course" near the top of this page 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:

    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.