New audit staff can deepen their professional skepticism by further delving into concepts, including factors that can impair skepticism, the role of ethics, and tools to apply their skills.
Learning Objectives
- Learning Outcomes
- Identify principles and requirements of revenue recognition.
- Identify requirements for identifying a contract with a customer.
- Determine performance obligations.
- Identify requirements for determining and allocating a transaction price.
- Identify special considerations for implementing FASB ASC 606 and ASC 340-40.
- Identify financial accounting and reporting requirements.
