How to Audit Receivables

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: AURECVSB

audit receivables

Description:
This course clarifies for the auditor every action needed to audit receivables. It describes the characteristics of receivables from an auditing perspective, and then goes on to describe the steps required to audit receivables. Background information concerning receivables is also included, such as the allowance for doubtful accounts, accounting for notes receivable, receivable fraud, and receivable controls. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: February 2018

Format: PDF
Pages: 50

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

 Recognize the characteristics of notes receivable.
 Note the different types of related parties.
 Cite the types of fraud related to receivables.
 Describe the process of risk assessment used by an auditor.
 Recognize when alternative audit procedures should be used.
 Recognize the substantive procedures used in relation to receivables.
 Describe the contents of a confirmation letter.
 Note the circumstances under which a negative confirmation could be used.
 Recognize the contents of the allowance for doubtful accounts.
 Note the proper accounting for a note receivable.

Description:
This course clarifies for the auditor every action needed to audit receivables. It describes the characteristics of receivables from an auditing perspective, and then goes on to describe the steps required to audit receivables. Background information concerning receivables is also included, such as the allowance for doubtful accounts, accounting for notes receivable, receivable fraud, and receivable controls. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: February 2018

Format: PDF
Pages: 50

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

 Recognize the characteristics of notes receivable.
 Note the different types of related parties.
 Cite the types of fraud related to receivables.
 Describe the process of risk assessment used by an auditor.
 Recognize when alternative audit procedures should be used.
 Recognize the substantive procedures used in relation to receivables.
 Describe the contents of a confirmation letter.
 Note the circumstances under which a negative confirmation could be used.
 Recognize the contents of the allowance for doubtful accounts.
 Note the proper accounting for a note receivable.

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