This CPE course can be purchased individually or as part of the Audit Staff Essentials – New Staff: Practical Application staff training bundle.
Learn about accounts receivable and its related contra account allowance for doubtful accounts, which is an area often assigned to new staff.
Gain the knowledge necessary to successfully audit accounts receivable, including how using audit data analytics can improve the audit with respect to accounts receivable.
Understand that accounts receivable is considered a high−risk account because it is associated with sales and revenue recognition, which is very subjective in nature and relies primarily on management estimates.
Learn how, with careful thought and an understanding of risk assessment, auditing accounts receivable can be an efficient and effective process.