DESCRIPTION

This module moves past a basic introduction to auditing accounts receivable and challenges participants to build on their prior experience with the accounts receivable audit area. First, participants complete group activities to consider how to design a more efficient approach for testing the existence assertion. The remainder of the module then allows participants to practice their professional judgment in designing an audit test for the valuation assertion.

LEARNING OBJECTIVES

  • List techniques for improving the efficiency of the design and performance of testing for existence of accounts receivable
  • Design the testing approach for the valuation assertion for accounts receivable

Prerequisites

  • 1+ Year Professional Experience

Advanced Preparation

None

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