Auditing for Revenue Recognition
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
Are you up to speed on the new FASB recognition standards and the audit procedures to use to ensure your audit client is compliant with the new revenue recognition standards. This course is designed for individuals who would like to obtain a basic understanding of auditing for revenue recognition or who would like to review the standards. We will review the revenue recognition standards and the audit procedures for auditing revenue recognition.
Publication Date: January 2021
Designed For
CPAs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for revenue recognition decisions.
Topics Covered
- New recognition standards and the audit procedures
- Ensure your audit client is compliant with the new revenue recognition standards
- Basic understanding of auditing for revenue recognition
- Review the revenue recognition standards
- Review audit procedures for auditing revenue recognition
Learning Objectives
- Identify revenue recognition requirements
- Identify revenue recognition audit procedures
- Identify the five core principles for revenue recognition
- Recognize what is not required to identify a customer contract
- Describe the characteristics of a contract under ASC 606-10
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
