Surgent's Auditing Revenue Recognition (Audit Skills Training - Level 3)

 

   

 

 
New Search

Overview

3.0 Credits

Revenue recognition is presumed to be a significant risk requiring special audit consideration for financial statement auditing purposes. This module will provide tips and techniques for obtaining sufficient and appropriate audit evidence to support conclusions.

Objectives

  • Discuss typical revenue recognition risks
  • Explain linkage of assessed risk of material misstatement to detailed audit plan for revenue recognition
  • Describe multiple element transaction special considerations
  • Explain the impact of changing accounting standards

Major Topics

  • Generally accepted accounting principles related to sales, including the new revenue recognition model
  • Using analytic procedures to identify and respond to risk of material misstatement related to sales
  • Common revenue recognition fraud schemes and potential audit responses
  • Installment sales and multiple element arrangement special considerations
  • Audit responses to significant risks requiring special audit consideration

Designed For

Accountants responsible for auditing revenue recognition

Prerequisite

Familiarity with SASs and FASBs
Add to Cart