April 22, 2024


2 Total CPE Credits


Audit 406: Auditing Revenue Recognition - Common Risks

  • Instructor

    Jennifer Louis

Learning Objectives

After attending this presentation, you will be able to...

  • Identify typical revenue recognition risks, including the impact of applying the newest revenue recognition model of Topic 606
  • Recall how to link the assessed risk of material misstatement to a detailed audit plan for revenue recognized in a contract with a customer
  • Recognize special revenue recognition considerations, such as contracts with financing elements, multiple distinct performance obligations, and more

Major Topics

The major topics covered in this course include:

  • Generally accepted accounting principles related to sales, including the newest revenue recognition model of Topic 606
  • Common revenue recognition fraud schemes and potential audit responses
  • Audit responses to significant risks requiring special audit consideration related to revenue recognition

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • A&A

Advanced Preparation


Intended Audience

Accountants responsible for auditing revenue recognition


CPA Crossings

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  • ASCPA Non-Member

    $ 139 139
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