Description
Accounts receivable tends to carry higher risk of material misstatement due to the complexity and subjectivity involved with recognition, measure, and valuation. In addition, revenue recognition is presumed to be a significant fraud risk. This module will discuss the risks associated with accounts receivable and the allowance for doubtful accounts as well as techniques for auditing those areas.
Highlights
• Risks of material misstatement associated with auditing accounts receivable
• Internal controls associated with accounts receivable
• Substantive procedures used in auditing accounts receivable
• External confirmation audit considerations, including evaluating responses for propriety
• Evaluating the valuation of accounts receivable
• The AICPA’s new SAS on auditing estimates
Objectives
• Identify audit risks and special audit considerations
• Tailor a detailed audit plan for accounts receivable based on the assessed risk
• Evaluate confirmation responses and identify areas for follow-up
• Evaluate and conclude on the valuation for the allowance for doubtful accounts
Designed For
Accountants with responsibilities for auditing accounts receivable
Registration for this course has passed.
Course Pricing
WYOCPA Member Fee
$89.00
Non-Member Fee
$116.00
Your Price
$116.00
Upcoming Courses
-
Excel - Feature Review in 100 minutes
April 26, 2024
-
Pass-through and Corporate Annual Tax Update
April 26, 2024
-
Risk Management Techniques and Tools
April 26, 2024
View all upcoming courses