Surgent's Auditing Revenue Recognition (Audit Skills Training - Level 3) (Self-Study)
Valid for one year from purchase date
Auditing - Technical (3.0)
Standard member fee
Standard nonmember fee
to receive member fee.
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.
Who should take this program?
Accountants responsible for auditing revenue recognition
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
Discuss typical revenue recognition risks
Explain linkage of assessed risk of material misstatement to detailed audit plan for revenue recognition
Describe multiple element transactions, bill and hold sales, right of return, and other special revenue recognition considerations
Explain the impact of changing accounting standards
NASBA ID#: 103212
Familiarity with SASs and FASBs