How to Audit Accounts Receivable?

How to Audit Accounts Receivable? free download

Account Receivable, Internal Audit, A/R, Internal Controls, Risk Management

Gain Essential Skills for Auditing Accounts Receivable

Unlock the secrets to effective internal auditing with our comprehensive course on auditing accounts receivable processes. Designed for aspiring auditors, accounting professionals, and business owners, this course provides the knowledge and skills you need to conduct thorough and insightful audits. From preliminary assessments to detailed audit procedures, you'll learn how to identify risks, evaluate controls, and develop actionable recommendations to enhance your organization's financial health and compliance.

What You Will Learn

• The Role of Internal Audit in Accounts Receivable Management: Understand the critical role of internal audits in ensuring the accuracy and reliability of accounts receivable processes.

• The Importance of Effective Accounts Receivable Controls: Learn the importance of strong internal controls in managing credit risk, collection efficiency, and fraud prevention.

• Business Operations & Objectives: Gain insights into the business operations that impact accounts receivable and how they align with organizational objectives.

• Identifying Key Personnel in the A/R Process: Discover how to identify and engage key personnel involved in the accounts receivable process.

• Reviewing Policies, Procedures, and Regulations: Master the art of reviewing and assessing the policies, procedures, and regulations that govern accounts receivable.

• Assessing Inherent Risks: Dive deep into the inherent risks associated with accounts receivable, including credit risk, collection issues, fraud, and reputational risks.

• Audit Procedures Overview: Get hands-on experience with audit procedures for transactions, aging analysis, and cash receipts.

• Case Study A/R Transaction Audit: Apply your learning in a practical case study that focuses on testing accounts receivable aging and transaction accuracy.

Downloadable Resources:

1. Ebook - Accounts Receivable

2. Ebook - Accounts Receivable Internal Audit Program

3. Ebook - Accounts Receivable Internal Audit Checklist

Course Structure

Module 1: Introduction

• Lecture 1: Overview of the Course and Learning Objectives

Module 2: Internal Audit Fundamentals for Accounts Receivable

• Lecture 2: The Role of Internal Audit in Accounts Receivable Management

• Lecture 3: The Importance of Effective Accounts Receivable Controls

Module 3: Business Operations and Risk Assessment

• Lecture 4: Understanding the Business Operations & Objectives

• Lecture 5: Identifying Key Personnel in the A/R Process

• Lecture 6: Reviewing Policies, Procedures, and Regulations

• Lecture 7: Assessing Inherent Risks (Credit, Collection, Fraud, Reputational)

Module 4: Practical Audit Procedures

• Lecture 8: Audit Procedures Overview (Transactions, Aging, Cash Receipts)

• Lecture 9: Case Study A/R Transaction Audit – Testing A/R Aging

Why Choose This Course?

This course is tailored for those who seek a thorough understanding of accounts receivable auditing. Whether you're an internal auditor, a finance professional, or someone looking to strengthen their organization's financial controls, this course offers valuable insights and practical skills. With expert-led lectures and real-world case study, you'll be equipped to conduct comprehensive audits and contribute to the financial stability and integrity of your organization.

Enroll now and take the first step towards mastering internal audits for accounts receivable!