Many auditors are so busy they don’t have the time to understand the concepts behind the audit procedures being performed in each audit area.  This course is an audit concepts session that takes the participants on a journey that links the audit procedures to the audit standards. The course also offers practical ideas on how to make the audit area procedures more efficient while maintaining audit quality.

This session prepares the staff auditor to know what to do and why. In addition, it will also help the senior accountant be better prepared to know how to plan the audit procedures as well as review the work of the staff in this important audit area.

The audit of accounts receivable and underlying fraud risk is a significant component of most audits that are performed.  This course starts with key considerations in risk assessment, internal control and the audit plan for this audit area. Next, these considerations are linked to audit assertions and specific audit procedures.

From an audit procedure standpoint this course also focuses on the techniques and documentation that staff accountants need to know.

Course Key Concepts: Receivable, AR, Audit, Beginner, First-year, Risk, Internal control, Audit assertions.