Auditing  |  Format: Flash

Auditing Revenues: Schemes, Scams and PCAOB Complaints

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
    Catalog Number: 99KNA12
    CPE Credits: 2 Registry / 2 QAS
    Author: Michael Chris Knapp
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Auditing
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Dec 07, 2015 / Oct 14, 2020