Auditing Revenue Recognition

Course Description

Auditing revenue recognition is one of the most important aspects of an audit engagement. Understanding generally accepted accounting principles, how misstatements of revenue can occur, and how to design audit responses is essential for an effective and efficient process. Additionally, the risks of management overriding controls and misstatement of revenues are among the most significant fraud risk factors. In this course, you'll learn how the auditor begins consideration of these fraud risks - and other risks of misstatement due to error - during engagement planning, utilizing an increased level of professional skepticism throughout the audit to detect further misstatements.

Instructor

Larry L. Perry, CPA

Larry L. Perry, CPA, has been in practice for over 40 years. He writes accounting and auditing manuals and is currently an author and presenter of live staff training seminars, live webcasts, and self-study CPE programs, including self-study courses for Western CPE.

He’s a managing member of CPA Firm Support Services, LLC, an organization that provides resources, training, and consulting to smaller CPA firms. Larry focuses on practical ways to perform effective and efficient accounting and auditing engagements.

Learning Objectives

Upon successful completion of this course, participants will be able to:

• Recognize the basic principles and methods of revenue recognition.
• Recognize the basic procedures for auditing revenues.
• Recognize the impact of audit strategies on revenue auditing procedures.
• Identify standards requirements, the mix of evidence, and the design of tests of balances auditing procedures for revenues.

Choose Your Preferred Format

• Online Access
• Hard Copy
• Self-Study Video

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.