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Date / Time / Location

Wednesday, July 17, 2019
8:30 AM - 4:30 PM
Registration: 8:00 AM

NJCPA Learning Center105 Eisenhower Parkway, Suite 300
Roseland, NJ 07068
973-226-4494

CPE Credits

  • 8.00 CPE Credits in AA

Pricing

  • $379.00 - Non Member
  • $279.00 - Member

Course Developer

Audit inspection reports have identified issues about the level and consistency of professional skepticism being applied in audits. Additionally, the complexity of transactions and markets continues to increase, requiring auditors and managers to use more professional judgment during audit engagements.

This interactive course will provide an overview of professional skepticism, including what it is and why it is important in audit engagements. Featuring case studies to teach the content and concepts, this course will help participants gain knowledge about how to apply professional skepticism and techniques to enhance the use of professional skepticism in their own practice.

Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well- publicized fraud in these areas in larger companies, it also occurs, and can even be more likely to occur, in smaller businesses and not-for-profit entities. A sound system of internal control is needed to help prevent fraudulent activities and reporting related to the revenue and cash receipts cycle. It is crucial that an internal control system is tailored to the unique needs of each organization with a dedicated focus on areas posing the greatest risk; this course is designed to help you to do this.

Designed For

Auditors of any level who would like more insight into how to better incorporate professional skepticism into their audits. Auditors, practitioners and all levels of CPA professionals.

Benefits

  • Recall the importance of professional skepticism to auditing in today’s complex environment
  • Recognize concerns raised about the level of skepticism in audit performance and steps the profession is taking to address concerns
  • Identify factors that influence an auditor’s use of professional skepticism
  • Apply techniques that help to enhance your application of professional skepticism in an audit
  • Identify common frauds in the revenue and cash receipts processes
  • Identify internal controls that mitigate various risks
  • Recall an analysis process to improve efficient and effective risk management in your organization

Highlights

  • Professional judgment
  • Judgement framework
  • Fraud triangle
  • Traditional revenue system
  • Retail revenue cycle
  • Manufacturing revenue cycle
  • Service revenue cycle
  • Accounts receivable and billing
  • Cash receipts
  • Revenue frauds and fraudulent financial reporting

Course Level

Basic

Prerequisites

None

Advance Preparation

None

Additional Notes

  • This seminar is not eligible for the AICPA discount.

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

Pre-Registration Closed

Online pre-registration for this event is now closed.

Jennifer Elder

Jennifer Elder, CPA, MS, CMA, CIA, CFF, CGMA
AICPA/Professional Development Institute

Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS Plymouth, New Hampshire

Jennifer Elder, CPA, CMA, CIA, CFF, CGMA, MS helps accountants advance their careers and organizations increase retention by developing powerful communication skills. Jennifer works with companies and their emerging leaders to increase employee engagement and client value by understanding personality styles, generational characteristics, and communicating clearly, concisely, and persuasively.

As a consultant and keynote speaker Jennifer is known for being energetic and enthusiastic. She has conducted seminars for the Fortune 500, the US Government, State CPA Societies, and CPA firms in 45 states and 5 countries. She is both a business strategist and an accounting expert who can make the complicated simple, practical and useful. She is a published author, writer for the AICPA’s CPE Direct, named a “2015 Woman to Watch” by the AICPA and MACPA, and been awarded Outstanding Educator by the AICPA for the past four years.

Jennifer is a published author, was named a “2015 Woman to Watch” by the AICPA and MACPA, and has been an Outstanding Educator by the AICPA for the past five years.

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Pre-Registration Closed

Online pre-registration for this event is now closed.