This is around the time where you begin your first round of technical studying. You should complete all the hot tested technical topics for each competency area. Remember what I always say- CFE is not a purely technical exam. It is testing the application of your...
Account receivable Customer bankruptcy – Review correspondence provided by trustee to make sure that customer in fact did file for it and determine the realizable value of the AR Examine sales invoices and shipment documents relating to that customer during the year...
Here are some examples for property, plant and equipment: Valuation: When fair value (FV) is used - obtain reliable documentation and determine if the FV developed by management is appropriate. Consider use of specialist if unable to determine FV. Examine the residual...
Here is an example of Inventory: Key risk: Existence, Completeness, Valuation Existence: To ensure this assertion risk is addressed on the CFE-Select a sample from inventory listing(sheet) to floor Completeness: To ensure this assertion risk is addressed on the CFE-...
Many of you have been asking me to blog about technical topics and how to integrate them with the CFE exam process. The next few blogs will be about technical integration with the CFE. When discussing assurance procedures, ensure that you provide the assertion, the...
Technical studying can get overwhelming. There are so many topics in each competency area. Essentially you’re relearning everything you were taught in your undergrad accounting courses. Technical and theory is the foundation of your CFE. I recommend that you first get...