Auditing Revenue Recognition – Grasping the Higher Risks and Special Audit Considerations
2 Credits: Auditing
$98.00
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Secure Transaction Auditing Revenue Recognition – Grasping the Higher Risks and Special Audit Considerations
Format
Webcast
Course Level
Basic
CPE Credits
2 Credits: Auditing
Course Description
Revenue recognition is presumed to be a significant risk requiring special audit consideration for financial statement auditing purposes. This module will provide tips and techniques for obtaining sufficient and appropriate audit evidence to support conclusions related to accounting for revenues obtained from contracts with customers.
Learning Objectives
Upon completion of this course, participants will be able to:
- Identify typical revenue recognition risks, including the impact of applying the newest revenue recognition model of Topic 606
- Explain how to link the assessed risk of material misstatement to a detailed audit plan for revenue recognized in a contract with a customer
- Recall special revenue recognition considerations, such as contracts with financing elements, multiple distinct performance obligations, and more
Course Specifics
WC1924393691
September 5, 2024
None
None
Compliance Information
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Jennifer F. Louis, CPA has over 25 years experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003 she founded Emergent Solutions Group, which is dedicated to meeting organization’s professional training needs on a project or part-time basis. Jennifer serves a wide variety of clients, including public accounting firms, state CPA societies, private industry corporations, and public sector agencies.Previously Jennifer served as the Director of Audit Product Development at Surgent Professional Education for three years. Prior to that, Jennifer was Executive Vice President/Director of …
Webcast
