New audit staff are introduced to effective and efficient procedures for auditing fixed assets in the property, plant, and equipment area.
Learning Objectives
- Learning Outcomes
- Recall the audit objectives and related assertions in the accounts receivable area.
- Identify the basic audit procedures over the accounts receivable process, including those surrounding risk and fraud, and apply those procedures to a commonly encountered audit situation.
- Identify the concerns and risks of uncollectible accounts and the common procedures for auditing the allowance for doubtful accounts.
- Recognize the potential of audit data analytics in accounts receivable audit procedures.
