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Auditing Revenue Recognition ON DEMAND

Available Until

Your Desk

2.0 Credits

Member Price $58.00

Non-Member Price $67.00

Overview

Revenue recognition is presumed to be a significant risk requiring special audit consideration for financial statement auditing purposes. This risk audit CPE course 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.

Highlights

Generally accepted accounting principles related to sales, including the revenue recognition model of Topic 606. Common revenue recognition fraud schemes and potential audit responses. Audit responses to significant risks requiring special audit consideration related to revenue recognition.

Prerequisites

None.

Designed For

CPAs.

Objectives

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.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Jennifer Louis, Surgent McCoy CPE LLC

Jennifer F. Louis, CPA has over 25 years of experience in designing and presenting high-quality training programs in a wide variety of technical accounting, auditing, and “soft skills” topics needed for professional and organizational success. She is the principal author of audit and attest related courses for Surgent and a frequent speaker at Surgent live programs and seminars. Ms. Louis is also the president of Emergent Solutions Group, LLC, a company she founded in 2003, dedicated to developing and delivering a wide variety of accounting and auditing training services, including audit staff training, audit productivity improvement, and value-added auditing. Prior to that, she was executive vice president/director of training services at AuditWatch, Inc. Before joining AuditWatch, Ms. Louis was the financial/operational internal audit manager at AARP. While at AARP, she served as one of their specially trained facilitators available as a resource throughout the organization for designing and leading strategic meetings and training sessions. Ms. Louis was also an audit manager for Deloitte and Touche, LLP. During her years in that firm’s Washington, D.C. office, she served as an instructor for the firm’s national “Train the Trainers” program. Ms. Louis graduated summa cum laude from Marymount University with a BBA in accounting.

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Non-Member Price $67.00

Member Price $58.00