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Surgent’s Auditing Accounts Receivable: An Overview (SSAA707/24)

Event Description

Accounts receivable tends to carry higher risk of material misstatement due to the complexity and subjectivity involved with recognition, measure, and valuation. In addition, revenue recognition is presumed to be a significant fraud risk. This module will discuss the risks associated with accounts receivable and the allowance for doubtful accounts as well as techniques for auditing those areas. (Please Note: This module is part of Surgent’s Audit Skills Training: Level 2.)

Designed For

Accountants with responsibilities for auditing accounts receivable


Identify audit risks and special audit considerations Tailor a detailed audit plan for accounts receivable based on the assessed risk Evaluate confirmation responses and identify areas for follow-up Evaluate and conclude on the valuation for the allowance for doubtful accounts

Major Subjects

Risks of material misstatement associated with auditing accounts receivable Internal controls associated with accounts receivable Substantive procedures used in auditing accounts receivable External confirmation audit considerations, including evaluating responses for propriety Evaluating the valuation of accounts receivable The AICPA’s new SAS on auditing estimates