Auditing Revenue Recognition

1 Credits: Auditing


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Auditing Revenue Recognition

Course Level
CPE Credits

1 Credits: Auditing

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.

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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.
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Course Specifics

Course ID
Revision Date
June 28, 2022

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Larry L. Perry Headshot

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.