Many auditors are so busy they don’t have the time to understand the concepts behind the audit procedures being performed in each audit area.  This course is an audit concepts session that takes the participants on a journey that links the audit procedures to the audit standards. The course also offers practical ideas on how to make the audit area procedures more efficient while maintaining audit quality.

This session prepares the staff auditor to know what to do and why. In addition, it will also help the senior accountant be better prepared to know how to plan the audit procedures as well as review the work of the staff in this important audit area.

The audit of accounts receivable and underlying fraud risk is a significant component of most audits that are performed.  This course starts with key considerations in risk assessment, internal control and the audit plan for this audit area. Next, these considerations are linked to audit assertions and specific audit procedures.

From an audit procedure standpoint this course also focuses on the techniques and documentation that staff accountants need to know.

Course Key Concepts: Receivable, AR, Audit, Beginner, First-year, Risk, Internal control, Audit assertions.

Learning Objectives
  • Identify risk assessment concepts related to accounts receivable
  • Recognize typical key controls related to the audit assertions for accounts receivable
  • Explore analytical review as a substantive procedure for accounts receivable
  • Recognize supervision and review techniques
  • Identify appropriate documentation of work performed


Last updated/reviewed: August 10, 2023
9 Reviews (52 ratings)


Member's Profile
real life examples would bring the concepts alive. I read these concepts again and again. but show me sample workpapers, give me examples.... it would help me learn so much better.

Anonymous Author
Nice overview of what to look for, steps to take, and in what order, as it relates to the audit of A/R's and fraud risks associated with AR

Member's Profile
Presentation includes 96 slides, so it's a lot of material to get through. Speaker had a fast pace. Liked the discussion of materiality.

Anonymous Author
Well written. Well spoken and sounded like almost having a conversation with the instructor, Explanations made sense.

Anonymous Author
This course was a very good dive into Audit Concepts for Accounts Receivable and Related Fraud Risks.

Anonymous Author
This course provides a good overview of audit concepts for Accounts Receivables in a fraud context.

Anonymous Author
Detailed information related to Revenue recognition explained in a very understandable fashion.

Anonymous Author
Great course! Will use this on an a current engagement that will be beneficial.

Member's Profile
Good coverage of material and clear questions to test the knowledge obtained.

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
Introduction And Overview
  Introduction to Audit Concepts for Accounts Receivable and Related Fraud Risks2:08
  Risk Assessment25:21
  Fraud Risk6:45
  Internal Control for Accounts Receivable (AR) and Revenue20:53
  Substantive Procedures12:01
  Documentation Approach5:15
Continuous Play
  Audit Concepts for Accounts Receivable and Related Fraud Risks1:12:22
Supporting Material
  Slides: Audit Concepts for Accounts Receivable and Related Fraud RisksPDF
  Audit Concepts for Accounts Receivable and Related Fraud Risks Glossary/IndexPDF
Review And Test