DESCRIPTION

This module moves past a basic introduction to auditing accounts receivables 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. Then, the remainder of the module allows participants to practice exercising 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 experience performing audits (or equivalent experience)

Advanced Preparation

None

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