Surgent's Auditing Property, Plant, & Equipment - On-Demand Webcast

Course Details


Thursday, June 1, 2023 – Tuesday, April 30, 2024

Field of Study

Auditing (Governmental)

Course Number


CPE Credit

2.0 hours CPE credit

Level of Knowledge



Surgent McCoy CPE, LLC




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. (Please Note: This module is part of Surgent's Audit Skills Training: Level 1.)


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


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

Designed For

Accountants responsible for auditing property, plant, and equipment

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

Non-Member Fee

Applicable if you are not a HSCPA member.

Your Price $139.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

View All Webcasts