How to Audit Receivables
This course clarifies for the auditor every action needed to audit receivables. It describes the characteristics of receivables from an auditing perspective, and then goes on to describe the steps required to audit receivables. Background information concerning receivables is also included, such as the allowance for doubtful accounts, accounting for notes receivable, receivable fraud, and receivable controls.
Format
PDF Course
Level
Overview
Duration
2 Hours
Course Information
Author: Steven Bragg
Course Number: AU1010
Table of Contents
Chapter 1. Auditing Receivables
Chapter 2. The Allowance for Doubtful Accounts
Chapter 3. Accounting for Notes Receivable
Learning Objectives
- Recognize the characteristics of notes receivable.
- Specify 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.
- Specify the circumstances under which a negative confirmation could be used.
- Recognize the contents of the allowance for doubtful accounts.
- Specify the proper accounting for a note receivable.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Auditing
Prerequisites: None
Advance Preparation: None
Latest Review Date: September 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.
