Auditing Accounts Receivable

Authored by Joanne Flood, CPA-MBA
About this Course
The two riskiest elements of accounts receivable are the allowance for doubtful accounts and proper cut-off. Because the balance is an estimate and highly subjective, the allowance for doubtful accounts usually is the area of accounts receivable most susceptible to material misstatement. Through an interactive, comprehensive case study, you will learn how to effectively and efficiently audit accounts receivable and the allowance for doubtful accounts. You'll explore the importance of testing the accounts receivable aging and how to use subsequent cash collections to increase efficiency.
Learning Objectives
  • Match the audit procedures typically performed in the accounts receivable area to the stated audit objectives.
  • Effectively review the accounting systems and internal control over sales transactions and identify deficiencies and possible solutions.
  • Properly perform a confirmation of accounts receivable, including performing alternative procedures for non-responses.
  • Audit the allowance for doubtful accounts.
Key Topics
  • Confirmation procedures
  • Effective confirmation design
  • Sampling requirements and general procedures
  • Using analytical procedures
  • Aging of accounts receivable and the allowance for doubtful accounts
Who will it benefit?
These courses establish a strong set of skills necessary to grow the abilities and confidence of junior and senior level staff, allowing them to work through additional areas more independently.
$ 85.00
AICPA Member Price: $ 69.00
Course is unavailable for purchase.
NASBA Field of Study
Accounting and Auditing
CPE Credits
Delivery Method
QAS Self-Study
Advance Preparation
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