Auditing Accounts Receivable

Through an interactive, comprehensive case study, you will learn how to audit accounts receivable effectively and efficiently and the allowance for doubtful accounts. You'll explore the importance of testing the accounts receivable aging and how to use subsequent cash collections to increase efficiency. You’ll learn how to determine sample sizes and stratify samples. You’ll be given a five-step approach to auditing the allowance for doubtful accounts.

• Use analytical procedures to identify unusual financial statement relationships
• Review prior year's workpapers to identify potential high-risk audit areas
• Identify high-risk audit areas based on your understanding of your client's business and industry and the results of analytical procedures
• Perform other required tasks necessary to complete the audit-planning process

Prerequisite:  None

Minimum System Requirements for CD-ROMs
Windows 2000 or above, a minimum video display resolution of 800 by 600 pixels with a minimum color depth of 16-bit (thousands of colors); audio-enabled speakers or headset; 16x CD-ROM drive or faster; Microsoft Internet Explorer version 6 or higher with security settings that allow Java script, shared objects and pop-ups; Macromedia® Flash Player™ version 8 or higher; Adobe® Acrobat® Reader.