How to Audit Revenue ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This revenue audit CPE course is an essential resource for auditors seeking to deepen their understanding and skills in revenue auditing. This auditing CPE provides a thorough analysis of the characteristics of revenue and outlines the sequential steps required for effective auditing. Delving into revenue recognition rules and addressing complex areas such as consignment arrangements and customer acceptance issues, the course ensures auditors are well-versed in these critical aspects. Additionally, it offers strategies to identify and tackle revenue fraud and insights into maintaining robust revenue controls. The practical knowledge gained from this auditing CPE course not only enhances theoretical understanding but also translates into improved auditing practices, ensuring auditors can confidently navigate the nuances of revenue auditing and contribute to the integrity of financial reporting.
Highlights
Audit revenue. Revenue rules.
Prerequisites
None.
Designed For
CPAs, controllers, accountants, financing professionals, business owners, and managers.
Objectives
Recognize the various accounts that comprise an organization’s revenue. Describe the different types of revenue fraud arrangements. Cite the methods used by an auditor to audit revenue. Identify the circumstances under which a contract does and does not exist. Recognize the steps used in the revenue recognition process. Describe how and when the expected value method is used. Recognize the accounting rules that apply to noncash assets, nonrefundable fees, and customer acceptance.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00