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Save when you buy the complete Audit Staff Essentials, Level 3 – Audit Senior/In-Charge bundle.
A substantial number of financial statement reporting problems, audit failures, and litigation against accounting firms relates to revenue recognition issues. In this course, you will review the accounting requirements surrounding revenue recognition and learn where to go for additional accounting guidance. You will then go through the audit procedures and learn how to recognize fraud associated with improper revenue recognition and detect revenue misstatements.
You'll learn that audit procedures focused on the balance sheet are not enough. In a series of interactive case studies, you'll practice the key points related to trouble spots like shipping policies, absence of an agreement, cancellation clauses, right of return, and more.
When you complete this course, you will be able to:
Prerequisite: At least 20 months of audit experience
Advanced Preparation: None