Surgent's Auditing Accounts Receivable (Audit Skills Training - Level 2) (A2M2)

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 explain tips and techniques for auditing common accounts receivable risks.

Highlights:

• Typical risks of material misstatement
• Practice tailoring the detailed audit plan
• Converting accounts receivable to cash
• External confirmation audit considerations, including evaluating responses for propriety
• Evaluating the valuation of accounts receivable

Objectives:

• Discuss typical audit risks and special audit considerations
• Explain how to tailor a detailed audit plan to audit risk
• Evaluate confirmation responses for propriety
• Evaluate allowance for doubtful accounts for proper valuation

Prerequisites:

None

Category:

AUD