This CPE course can be purchased individually or as part of the Audit Staff Essentials – New Staff: Practical Application staff training bundle.
Typically one of the larger balance sheet accounts, accounts receivable, and its related contra account allowance for doubtful accounts, is an area often assigned to new staff. In many engagements, accounts receivable is considered a high-risk account because it is associated with sales. Revenue recognition is generally recognized as a problematic area. Many times the allowance for doubtful accounts is difficult to audit because it is very subjective in nature and relies primarily on management estimates.
However, with careful thought and an understanding of risk assessment, auditing accounts receivable can be an efficient and effective process.
This CPE course will provide the knowledge necessary for a new staff member to successfully audit accounts receivable.