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.
• 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
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
