CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Auditing Revenue Recognition

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
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.

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.

Course Specifics

Course ID
9159017
Revision Date
June 15, 2020
Number of Pages
53
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Larry L. Perry Headshot
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.

Auditing Revenue Recognition

Expert Instructors
Format
CPE CREDITS
1 Credits: Auditing

$29.00$49.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
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.

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.

Course Specifics

Course ID
9159017
Revision Date
June 15, 2020
Number of Pages
53
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Larry L. Perry Headshot
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.

Auditing Revenue Recognition

Expert Instructors
Format
CPE CREDITS
1 Credits: Auditing

$29.00$49.00

Clear