Basic Staff Training: Auditing Accounts Receivable & Revenue
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
Are you going to perform an audit on accounts receivable & revenue? Whether you are a new auditor or just need a refresher on this topic this course is for you. We will review the auditing standards and look at best practices for auditing accounts receivable & revenue.
This course will help the staff auditor 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.
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. This course is the fourth in an audit concepts series that takes the participants on a journey that links the audit procedures to the audit standards. The course will also offer practical ideas on how to make the audit area procedures more efficient while maintaining the audit quality.
Publication Date: January 2023
Designed For
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Topics Covered
- A Review of the Auditing Standards
- A Review of the Financial Statement Assertions
- Audit Requirements
- Revenue Recognition Standards
- Revenue VS Gains
- Fraud Risks in Revenue & Receivables Accounts
- Accounts Receivable and Revenue Risks & Issues
- Audit Procedures for A/R & Revenue
Learning Objectives
- Identify fraud risks in revenue and receivable accounts
- Identify audit procedures for revenue and receivable accounts
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
