CPA Auditing and Attestation (AUD)

Certified Public Accountant Auditing and Attestation examination.

Audit Fundamentals & PrinciplesEthics and Professional ResponsibilitiesAudit Evidence & Documentation
Internal Controls & Risk AssessmentAudit Sampling & Analytical ProceduresAudit Reports & Opinions
Auditing Revenue CyclesTesting Inventory & Physical CountsAuditing Information Systems
Time Management for the AUD ExamMastering Multiple Choice & SimulationsActive Learning Techniques
Audit Fundamentals &...Ethics and Professio...Audit Evidence & Doc...Internal Controls & ...Audit Sampling & Ana...Audit Reports & Opin...Auditing Revenue Cyc...Testing Inventory & ...Auditing Information...Time Management for ...Mastering Multiple C...Active Learning Tech...
Practical Applications

Auditing Revenue Cycles

Revenue Cycle Focus

The revenue cycle includes sales, receivables, and cash receipts. Auditors examine this area closely due to its risk of misstatement or fraud.

Procedures

  • Test controls over order processing and billing.
  • Confirm accounts receivable with customers.
  • Analyze trends in sales and collections.

Real-World Application

Accurate revenue reporting is key for stakeholders, and audit procedures help detect errors or intentional misstatements.

Examples

  • An auditor confirms outstanding invoices with major customers.

  • A CPA reviews sales cut-off procedures at year-end.

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Testing Inventory & Physical Counts
Auditing Revenue Cycles - CPA Auditing and Attestation (AUD) Content | Practice Hub