How to Audit Receivables is a specialized course offering a deep dive into the nuanced world of auditing accounts receivable. This auditing CPE course, led by Steven Bragg, features detailed explorations of notes receivable, related party transactions, and the allowance for doubtful accounts, equipping participants with the necessary tools to accurately assess and audit receivables. Benefits of this audit CPE course include enhanced skills in identifying and mitigating fraud risks, mastering risk assessment processes, and implementing substantive audit procedures. Participants will gain invaluable insights into confirming receivables, accurately accounting for notes receivable, and ensuring robust financial reporting, making this course an indispensable resource for professionals in the accounting and finance sectors.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
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.
Chapter 2
Recognize the contents of the allowance for doubtful accounts.
Chapter 3
Note the proper accounting for a note receivable.
Major Topics
Auditing Receivables
The Allowance for Doubtful Accounts
Accounting for Notes Receivable
