Staff Audit Concepts: Receivables & Revenue for Non Profit Organizations (Completed)

Date: Wednesday, August 16, 2017
Instructor: Alan Anderson
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Many auditors are so busy they don’t have the time to understand the concepts behind the audit procedures being performed in a given audit area The session will also offer practical ideas on how to make the audit area procedures more efficient while maintaining the audit quality.

This session will help prepare the staff auditor to know what to do and why. In addition, it will also help the senior accountant be better prepared to know how to plan the audit procedures as well as review the work of the staff in this important audit area.

Topics Covered

  • The Audit Model for Accounts Receivable and Revenue
  • Key considerations in risk assessment
  • A Word about Fraud
  • Internal control and the audit plan for this audit area
  • Substantive Procedures
  • Documentation Best Practices
  • Considerations will be linked to that audit assertions and specific audit procedures

Learning Objectives

  • Identify risk assessment concepts for Receivables (AR) and revenue
  • Recognize typical key controls related to the audit assertions in AR and revenue
  • Differentiate audit Assertions linked to related audit procedures
  • Identify and apply analytical review as a substantive procedure in AR and revenue
  • Recognize sampling concepts for efficiency and effectiveness


Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites

Advance Preparation

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