Description

The audit of receivables and revenue represents significant risk: Revenue recognition may be based on complex accounting rules. Many incidences of financial statement fraud have involved in the overstatement of receivables and revenue. Receivables and revenue are usually subject to valuation using significant accounting estimates. So, while is importatnt that each business generates sales or some type of revenue as the lifeblood of the organization, it is equally importatnt that the auditor verify the revenue and prove receivables. This program addresses pertinent questions and provides practical procedures to achieve audit objectives for receivables and revenueThe audit of receivables and revenue represents significant risk: Revenue recognition may be based on complex accounting rules. Many incidences of financial statement fraud have involved in the overstatement of receivables and revenue. Receivables and revenue are usually subject to valuation using significant accounting estimates. So, while is importatnt that each business generates sales or some type of revenue as the lifeblood of the organization, it is equally importatnt that the auditor verify the revenue and prove receivables. This program addresses pertinent questions and provides practical procedures to achieve audit objectives for receivables and revenue.

For Whom: Internal Auditors, Internal Control and Compliance Officers