Revenue recognition is a significant risk that requires special audit considerations for financial statement auditing purposes. Revenue is one area that is particularly susceptible to fraud because its manipulation can make a company appear to be an attractive investment target and result in fabulous bonuses paid out to its executives. Hence, accountants and internal auditors’ have a crucial role to play in preventing revenue manipulation by ensuring that proper revenue policies and procedures are being followed.
This webinar avails you with an overview of how to ensure revenue recognition has followed all the updated standards. Further, it offers some of the best practices in corporate revenue account review being used today.
Major Topics Covered:
Simplifying revenue policies and procedures
The pros and cons of random audits
Avoiding the month-end close review crunch
Using online management reporting systems
Best practices in revenue allocation and deferral
Best use of rolling revenue forecasts
Centralizing your revenue account review function
Internal controls for fraud detection
Internal audits
Inserting a fair value into the revenue recognition cycle
Timeliness of revenue recognition issues
Revenue data collection and analysis of best practices
This webinar will provide tips and techniques for obtaining sufficient and appropriate audit evidence to support efficient revenue recognition and its audit conclusions.
Learning Objectives
To explore the Key information and documentation the auditor always wants
To identify what else could the auditor ask for?
To recognize how much you should tell the auditor
To identify what NOT to say to the auditor
To recognize what the auditor will ask your boss and how to be ready for that
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
About Presenter
Michel Morley
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a
recognized authority in the field of finance with more than 25 years experience
in finance, including SOX and IFRS implementation.
An entertaining and informative speaker and trainer, Mike is
the author of:
“IFRS Simplified” which provides a jump start for accountants
and finance executives who want to quickly and easily get up to date on IFRS.
“Sarbanes-Oxley Simplified”
which is an easy-to-read explanation of the requirements of the U.S.
legislation that makes CEO's & CFO's personally responsible for the
accuracy of their company's financial statements.
“Financial Statement Analysis Simplified” which translates the
accounting language of financial statements into clear, easy-to-understand
terms that anyone who needs to make well-informed financial decisions quickly
will appreciate.
FAQ
myCPE self-study courses are online.
The self-study format allows you to access the material online 24/7 and study at your own pace.
As per NASBA guidelines, you have one year from date of registration to complete each program.
Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
These are Live recorded presentations converted into Self Study (On-Demand Videos).
Refund/Cancellation Policy
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
Please email to help@my-cpe.com in case of any self study program queries.
