This course provides an introduction to revenue, revenue sources, and related accounts receivable in governmental entities. Participants will explore the different types of revenue encountered in government environments and develop a stronger understanding of the unique considerations involved in auditing revenue and accounts receivable.

The course examines two primary categories of government revenue—exchange and nonexchange transactions—and considers how the nature of these transactions affects the audit approach. Through class discussions and group case study activities, participants will work through common audit procedures used to test revenue and accounts receivable in governmental audits.

Participants will also explore how substantive analytical procedures can be used to evaluate revenue and accounts receivable, with an emphasis on establishing clear expectations and assessing whether results are consistent with those expectations. The course connects these analytical techniques with broader audit procedures to help participants develop a more complete approach to auditing government revenues and receivables.

Practical application is a key component of the course. Participants will consider how to select and apply appropriate audit procedures, evaluate the information gathered during the audit, and prepare sufficient and appropriate documentation to support the work performed. By the end of the course, participants will have a stronger foundation for auditing revenue and accounts receivable in governmental entities and applying substantive analytical procedures to these areas.