Auditing Revenue

Recognition

Course Description:

This section focuses on how to perform auditing procedures for revenues. The material includes illustrative auditing procedures and discusses the affects of assessed levels of risk of material misstatement on the design and performance of substantive procedures

Learning Objectives:

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

• Explain the basic principles of revenue recognition.
• Describe the basic procedures for auditing revenues.
• Explain the impact of audit strategies on revenues auditing procedures.
• Outline the mix of evidence and the design of tests of balances auditing procedures for revenues.