Free Demo Courses

Auditing Revenues: Schemes, Scams and PCAOB Complaints (demo)

Course Overview
This course is designed to provide the user with an overview of the challenges that auditors face when auditing revenue as well as an overview of the key audit issues relevant to revenue accounts. In addition, this course examines accounting and financial reporting scams related to inappropriate revenue recognition. The course also addresses key issues included within the PCAOB’s Staff Audit Practice related to auditing revenue.



Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify key audit issues relevant to revenue accounts
  • Recognize key management assertions and their use in assertion-based auditing
  • Identify the various categories and specific examples of fraud risk factors
  • Recognize real world examples of companies with revenue recognition misstatements
  • Identify common audit deficiencies related to revenue addresses by the PCAOB

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
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    ROM, and video. In the accounting market, SmartPros also has a predominant
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    Prerequisites/Advanced Preparation:

    None

    Speaker / Author:

    Michael Chris Knapp
    Mich'l Chris Knapp: McLaughlin Chair in Business Ethics and Professor of Accounting, University of Oklahoma. Professor Knapp teaches principally auditing and financial accounting courses in the Price College of Business at the University of Oklahoma. He has won numerous teaching awards including the Merrick Foundation Teaching Award, the Bruce Magoon Master Teacher Award, and the Delta Sigma Pi Professor of the Year. In 1999, he was named the Outstanding Oklahoma Accounting Educator by the Oklahoma Society of CPAs. Knapp's research interests involve a wide range of policy issues related to the professional practice of public accounting and behavioral issues stemming from the auditor-client relationship. His research has appeared in The Accounting Review, Auditing: A Journal of Practice and Theory, Accounting Organizations & Society, Journal of Accounting, Auditing and Finance, Behavioral Research in Accounting, and the Journal of Accountancy. He has also published commentaries for and/or been quoted in the Los Angeles Times, The New York Times, the Dallas Times Herald, and numerous other metropolitan newspapers. The eighth edition of his auditing casebook, Contemporary Auditing, Issues and Cases, was recently released by South-Western/Cengage. That textbook has been adopted by hundreds of universities in the United States and abroad.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Sound card with speakers/headphones
    • Windows or Mac OS

    Details

    Course Code : 99KNA12-d

    Release Date : 12/07/2015
    Expire Date : 12/31/2020

    Course Level : Basic

    Passing Grade : 70%
    Format Type : eLearning


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