Surgent's Auditing Accounts Receivable: An Overview On-Demand Webcast

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

Prerequisites:

None

Category:

AUD

Credits:

2

Members

Standard Fee: $49.00

Non-Members

Standard Fee: $54.00

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Designed For:

Accountants with responsibilities for auditing accounts receivable
No

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