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Surgent Interactive - Surging Auditors

Surging Auditors is the second series of courses within Surgent Interactive's game-based CPE. Players encounter real-world situations that require knowledge of inventory procedures, professional skepticism, and making ethical decision to accurately audit companies. Points are scored by asking relevant questions, identifying errors, and asserting proper follow-up procedures for the situations. 

Surgent Interactive is our line of short, immersive, game-based CE courses. These convenient, on-demand courses leverage active learning elements to keep you engaged and having fun while earning CPE credit. Increase your learning retention and identify auditing knowledge gaps today by exploring our series, Surging Auditors.

Surgent Interactive courses feature real-world scenarios in a gamified, interactive simulation, enabling participants to:​

     

    Investigate and review: Examine resources, make observations and accumulate information about a client.

    Interview and Verify: Meet with clients to validate claims and uncover new information that may drive their results and future actions.

    Apply skills: Use the information you've gathered and verified to fulfill your given task(s), such as performing an inventory observation, before submitting your work for evaluation.

    Assess: Upon completion of the game, take a final examination to earn CPE credit and test your knowledge of topics and skills addressed in the game.


Surging Auditors - Wally's Warehouse (SAU1)

During this interactive game, you'll take the role of an auditor performing a physical inventory observation at a client’s warehouse. Use your powers of observation and exercise professional skepticism in identifying areas of risk that might need follow-up, interviewing Wally the client, and performing inventory test counts. After performing the test counts, participants will evaluate the results.

 

Major Topics:

  • Observation and professional skepticism
  • Interviewing the client
  • Performing test counts
  • Evaluating the obtained results

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Surging Auditor - Wally's Warehouse

Not included in Unlimited Packages


Surging Auditors: Professional Skeptic (SAU2)

Develop your professional skepticism skills as you play the role of an auditor collecting information, making inquiries, and documenting findings around the audit of Home Décor and More. Interview Courtney the Controller while comparing, confirming, and corroborating her responses against information provided. When things don’t match up, use Courtney’s responses and your own questioning mind to consider the next step. 

Major Topics:

  • Demonstrating professional skepticism
  • Assessing audit evidence
  • Responding to contradictory evidence
  • Assessing the sufficiency of audit evidence

 

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Surging Auditor - Professional Skeptic

Not included in Unlimited Packages


Surging Auditors: Daily Dilemmas (SAU3)

As an auditor at Surging Auditors LLP, you must complete items from your daily task list. Navigate unexpected encounters with colleagues, clients, and friends with questions that challenge your decision-making skills and your knowledge of the AICPA Code of Professional Conduct and other ethics guidance. Your responses and decisions are measured to ensure you maximize opportunities to benefit the firm and yourself while keeping independent and within ethical boundaries.

Major Topics:

  • Demonstrating professional skepticism
  • Assessing audit evidence
  • Responding to contradictory evidence
  • Assessing the sufficiency of audit evidence

 

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Max the Tax MTT3 - Surgent Interactive

Included in Unlimited Plus Package


Surging Auditors: Internal Out of Control (SAU4)

In this hands-on game, participants are helping to prepare an internal control testing plan for Home Décor & More (HDM). They must assess controls related to HDM’s inventory cycle to determine which financial statement assertions each control satisfies, the quality of the control’s design, and whether there is adequate segregation of duties. Then, they will complete the HDM control testing plan, including the level of reliance to place on each control and the test of control methods. Each participant wants to be spot-on with the evaluation before submitting the information to a manager for feedback.

Major Topics:

  • Refresher on understanding internal controls
  • When testing internal controls is required
  • When testing of internal controls is an effective strategy to reduce substantive testing
  • Designing tests of controls
  • Responses when deviations are discovered in the design or operating effectiveness of internal control

 

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Surging Auditors: Internal Out of Control (SAU4)

Not included in Unlimited Packages


Surging Auditors: Revenue Rush (SAU5)

Stepping into the shoes of an outside technical consultant, each participant must perform an ASC 606 assessment for Quality Tiles, Inc. (QTI), a company recently acquired by Home Décor and More, Inc. (HDM). HDM management needs to ensure the company is in compliance with GAAP related to revenue recognition before the next board meeting. Participants will meet with GTI’s controller and must strategically ask the right questions. Based on the information received, they will apply guidance in ASC 606, which can be complex, to a series of revenue recognition considerations to determine if revenue is being recognized appropriately.

Major Topics:

  • Application of ASC 606 to contractual situations
  • Identifying key information necessary to apply ASC 606
  • Assessing compliance with the guidance of ASC 606

 

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Surging Auditors: Revenue Rush (SAU5)

Not included in Unlimited Packages


Surging Auditors: Searching for Unrecorded Liabilities (SAU6)

The manager for Home Décor and More (HDM) requests that participants conduct a search for unrecorded liabilities. The company experienced recent turnover in the accounts payable department so there is extra concern about whether all liabilities have been captured as of year-end. Participants will use their expertise to make resource requests from the HDM accounting team. Once they receive the supporting documentation, they will trace transactions to the detail to identify whether each selection is properly recorded as of year-end. The manager will share feedback on the results of the search!

Major Topics:

  • Optimal resource requests to support an appropriate search for unrecorded liabilities
  • Tracing transactions to the detail to identify whether liabilities are properly recorded
  • Evaluation of evidence to meet management’s assertions

 

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Surging Auditors- Searching for Unrecorded Liabilities SAU6

Not included in Unlimited Packages


 

Earn credit while enjoying an immersive and fun CPE in a gamified format.

 


Surgent CPE

Check out our entire Surgent Interactive catalog:

  

Max the Tax

Max the Tax is ideal for tax practitioners who want an engaging, interactive learning solution for the latest tax legislation and key tax knowledge. Topics covered include taxation of cryptocurrency mining, the CARES Act, Home Office deduction, alimony payments, and much more.

Learn More

Business Development Skills

Topics include new client acquisition, personal business contacts, coaching employees on how to work with clients, time management, and working from home. In each game, points are scored by asking relevant questions, identifying errors, and asserting proper follow-up procedures.

Learn More


Interested in exploring Surgent Interactive options for your firm? Contact our Firm Solutions Team today at 484-588-4197 or salesinfo@surgent.com to gain access for your firm. 

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