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Courses/Audit & Assurance/Internal Audit

Audit Testing Procedures: Equity & Liabilities

Learn which Audit Procedures are possible to adopt to test Equity & Liabilities and how to perform them step-by-step

Created byMarco Mk
IntermediateUpdated Jun 10, 2025
Audit Testing Procedures: Equity & Liabilities

What You'll Learn

check_circleLearn HAW to audit the accounts balances classified in Equity & Liabilities
check_circleLearn HAW to audit Account Payables, including Reply to confirmation letter and Payables not posted
check_circleLearn HAW to audit Financial Liabilities Instruments, including Loan & interest, Covenants, Amortized cost and DCF
check_circleLearn HAW to audit Related Parties balances, including Intercompany reconciliation
check_circleLearn HAW to audit Provisions, including Provisions for risk and charges and Warranty
check_circleLearn HAW to audit Payroll liabilities, incuding Post employment benefit

About This Course

This hands-on course teaches you how to audit complex account balances such as equity, dividends, financial liabilities, provisions, and payroll. You'll gain practical experience using real-world audit procedures like bank reconciliations, confirmation letters, and intercompany reconciliations—all aligned with international auditing standards.

Led by Mk, a seasoned Big4 auditor and founder of How Audit Work, the course blends professional expertise with applied exercises. It’s ideal for both new auditors and professionals looking to deepen their understanding of high-risk audit areas across various industries.

Your Instructor

Marco Mk
Marco Mk

Audit Expert at Big 4 Audit Firm

menu_book8 courses
star358 reviews

Dear Professional, after almost 10 years of experience in Big4 audit firms I decided to share my knowledge with you, together with some colleagues of mine. I worked in different Big4 audit firm performing audit of international companies in the manufacturing, holding and finance sector in different countries as US, UK, Netherland and Italy. The content created has an operative approach, with detailed guidance step-by-step, to let people learn on the spot how to perform audit procedures (for auditor) and understand how an audit is performed (for everyone else). The courses are in english and guided by the founder of HAW - How Audit Work that is an organization that provide audit related services, including teaching.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.5
Student's Choice
31 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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