Revenues are the lifeblood of any organization and as such an important section of the audit. A presumed fraud risk, revenue requires more focus from the auditor than other sections, but how do you know if you have enough audit evidence? In this session we will discuss revenue and how to identify if you have sufficient appropriate evidence. We will also look at common review findings on the revenue line item.

• Revenue as a presumed fraud risk o Examples of fraud schemes in revenue o Risk rebuttal • Significant risk response – revenue • Sampling and selecting items • Procedures to perform for each assertion • Common review findings and deficiencies

☒Auditors ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees ☒Fourth year SAICA trainees ☒Fifth year SAICA trainees ☒Audit mangers ☒Audit partners